Argentina Construction Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 3.50% (2024-2032)
The increasing government initiatives like housing subsidies, tax incentives, and public-private partnerships (PPPs), which encourage private sector participation in construction projects, represent one of the key factors strengthening the market growth in Argentina. According to the latest report by IMARC Group, The Argentina construction market is projected to exhibit a growth rate (CAGR) of 3.50% during 2024-2032.
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Argentina Construction Industry Trends and Drivers:
Construction is the process of building, altering, repairing, or demolishing structures, infrastructure, or other properties. It encompasses a wide range of activities, including the erection of buildings, bridges, roads and the installation of systems, such as plumbing and electrical wiring. It involves the use of building materials like cement, steel, bricks, and prefabricated components, which are then assembled on-site by skilled workers using heavy machinery, tools, and techniques. It facilitates the expansion and modernization of cities, improving living standards and quality of life. It is essential for the development and maintenance of critical infrastructure, enabling transportation, communication, and utilities. It promotes advancements in building materials, construction techniques, and sustainable practices. It employs effective measures that ensure buildings and infrastructures are safe, durable, and capable of withstanding natural disasters and other challenges.
At present, the growing construction of large-scale public infrastructure projects, such as roads, bridges, airports, and public transportation systems, is contributing to Argentina construction market growth . Additionally, the rising adoption of modern construction technologies, including building information modeling (BIM), prefabrication, and sustainable building practices, is enhancing efficiency and reducing costs. Furthermore, the increasing efforts to modernize and upgrade existing infrastructure, such as renovating aging public buildings, improving utilities, and expanding transportation networks, are supporting the market growth in the country. Additionally, the growing investments in energy infrastructure, including renewable energy projects like wind and solar farms, as well as traditional energy sources, such as oil and gas facilities, are positively influencing the market. Besides this, the rising availability of better financing options, including loans and mortgages with favorable terms, is encouraging both developers and individuals to invest in construction projects. Furthermore, the increasing number of reforms aimed at reducing bureaucratic hurdles, improving regulatory frameworks, and ensuring transparency in the construction industry foster a more conducive environment for growth.
Argentina Construction Industry Segmentation:
The report has segmented the market into the following categories:
Sector Insights:
- Commercial Construction
- Residential Construction
- Industrial Construction
- Infrastructure (Transportation) Construction
- Energy and Utility Construction
Regional Insights:
- Buenos Aires Region
- Coastal Region
- Northern Region
- Cordoba Region
- Whose Region
- Patagonia Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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