1. Market Research
  2. > Construction Market Trends
Construction in Colombia - Key Trends and Opportunities to 2025

Construction in Colombia - Key Trends and Opportunities to 2025

  • February 2021
  • 47 pages
  • ID: 5761834
  • Format: PDF
  • GlobalData

Summary

Table of Contents

Search Inside

Construction in Colombia - Key Trends and Opportunities to 2025

Summary
Colombia’s construction industry is forecast to partially recover by 11.5% in 2021, after contracting by an estimated 22.8% in 2020. In 2022, the industry is projected to continue to recover to register an increase of 5.9%, and then expand by 3.2% over the remainder of the forecast period (2023-2025). The continuity of governmental programs that promote the development and financing of housing, such as Mi Casa Ya and Viviendas de Interest Social or Social Interest Housing (VIS) and Non-VIS, together with plans to accelerate the implementation of infrastructure works under the fourth generation (4G) road concession program, are expected to continue to support the expansion of the industry in the next years.

However, uncertainty over the duration of the pandemic and the lifting of lockdown restrictions due to issues related to new virus mutations, vaccine efficacy, production, distribution, or hesitancy present major challenges to the recovery of the sector and the wider economy.The second wave of COVID-19 infections (which started during the Christmas holidays) have already forced local authorities to impose new lockdown measures and travel restrictions across major cities.

Furthermore, subdued oil prices, excessive bureaucracy and risks associated with social unrest—which could reignite once lockdown restrictions are lifted—as well as the outcome of the presidential elections next year pose further risks to the sector’s prospects.

Before the new lockdowns started in December, the Central Bank of Colombia expected the economy to grow between 3% and 7% in 2021, compared with a contraction of between 6.5% and 9% in 2020. However, the bank now expects the country’s economy to expand between 2% and 6% this year, and left its benchmark interest rate unchanged at 1.75%—a record low—during its last meeting on January 30, as the second-round of COVID-19 cases and new lockdown restrictions are anticipated to weigh on economic activity, especially during the first quarter of 2021.

In August 2020, President Iván Duque launched ’Compromiso por Colombia’, an investment plan worth COP100 billion (US$30.2 billion) that seeks to reactivate the country’s economy and generate more than one million jobs over the next two years. The plan focuses on attracting more private and foreign investment in infrastructure through public and private partnerships in sectors such as transport, energy, water and sewerage, telecommunications, tourism, and hotels. The government also has plans to build 149,700 new homes this year and add 150,000 new jobs to the sector.

This report provides detailed market analysis, information, and insights into Colombia’s construction industry, including -
- Colombia’s construction industry’s growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Colombia’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope
This report provides a comprehensive analysis of the construction industry in Colombia.

It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Colombia, 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 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Float Glass Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 4250
  • March 2021
  • 185 pages

The market for float glass is expected to witness a CAGR of over 6% during the forecast period. Major factors driving the market are the increasing demand from the construction industry in Asia-Pacific ...

  • World
  • APAC
  • Float Glass
  • Glass
  • Industry analysis
  • Vehicle Production
  • Solar Capacity

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on