Peru Construction Market Analysis, Trends and Forecasts Report 2022-2026: Outlook, Risks, Project Analytics, News and Developments - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Peru Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The construction industry in Peru registered a sharp growth of 35.5% in real terms last year, reflecting the steep decline that the industry recorded in 2020 but also supported the government's focus on infrastructure investments to reactivate the economy and bridge the infrastructure gap.

According to the Ministry of Economy and Finance (MEF), public investment in infrastructure registered an annual growth of 38% in nominal terms last year, increasing from PEN28.3 billion ($7.3 billion) in 2020 to PEN39.1 billion ($10 billion) in 2021.

The strong growth of 2021 is unlikely to continue into 2022, as stimulus wears off and political uncertainty and inflationary pressures weigh on the industry's output. In early March 2022, the MEF reported that public investment in infrastructure shrunk by 19.6% year on year (YoY) in February 2022, marking the fifth consecutive Y-o-Y contraction since October 2021.

There has been a continuous decline in public spending on infrastructure amid constant political deadlocks and instability, in addition to reduce the large fiscal deficit major cuts to public expenditure have been made; in February 2022, the sharpest decline in public investment was seen in the transport, health and education sectors.

In another setback, Peru's inflation hit a 26-year high in March 2022, due to rising fuel and food prices amid the Russia-Ukraine crisis. This has also triggered protests across the country, in late March 2022, thereby further exacerbating political tensions and halting projects.

Furthermore, the prices of construction materials have been rising sharply since the second half of last year. According to the Instituto Nacional de Estadistica e Informatica (INEI), the average construction material price index in Peru rose by 14.9% YoY in the first quarter of 2022.

The publisher expects the Peruvian construction industry to register annual growth in the range of 3.6-4% from 2023 to 2026, supported by investments in transport, electricity, housing, and mining projects. The Ministry of Energy and Mines (MINEM) is expected to hold renewable energy auctions for around 2GW of capacity in 2022.

The auction is expected to attract around PEN7.8 billion ($2 billion) in investment and help lower the cost of energy for vulnerable households. The government is focusing on promoting green hydrogen and ensuring that more renewables are incorporated into the power mix. This will help the country gradually increase the share of renewable energy in the total power mix by 20% by 2030.

Scope

• Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Peru, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using the publisher's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

• Outlook
• Latest news and developments
• Construction Projects Momentum Index

4.2 Commercial Construction

• Outlook
• Project analytics
• Latest news and developments

4.3 Industrial Construction

• Outlook
• Project analytics
• Latest news and developments

4.4 Infrastructure Construction

• Outlook
• Project analytics
• Latest news and developments

4.5 Energy and Utilities Construction

• Outlook
• Project analytics
• Latest news and developments

4.6 Institutional Construction

• Outlook
• Project analytics
• Latest news and developments

4.7 Residential Construction

• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/tmblqw