Markets.News
A report on the Latin America Construction Market projects significant growth from 2025 to 2034. In 2024, the market size was recorded at USD 9.11 billion. It is estimated to have a Compound Annual Growth Rate (CAGR) of 4.20% during the forecast period, potentially reaching close to USD 13.75 billion by 2034. This growth can be attributed to factors such as increased urbanization and a focus on sustainability, leading to the construction of tall buildings in the region with the use of advanced technologies.