Summary
Construction in Colombia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The Colombian construction industry recorded revenues of $50.0 billion in 2024, representing a negative compound annual growth rate (CAGR) of 0.7% between 2019 and 2024.
- The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $35.7 billion, equivalent to 71.3% of the industry's overall value.
- In 2024, the Colombian construction industry recorded an annual growth of 10.8%, primarily due to the increase in final household consumption expenditure on housing per household, reflecting changing living standards and preferences. In 2024, Colombian households continued to prioritize spending on modern housing, energy-efficient upgrades, and home improvements, driven by both rising incomes and favorable mortgage conditions. According to the National Administrative Department for Statistics (DANE), in 2024, the final household consumption expenditure on housing per household in Colombia reached $3,211.4, up 4.9% annually.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Colombia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Colombia
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Colombia construction market with five year forecasts
Reasons to Buy
- What was the size of the Colombia construction market by value in 2024?
- What will be the size of the Colombia construction market in 2029?
- What factors are affecting the strength of competition in the Colombia construction market?
- How has the market performed over the last five years?
- What are the main segments that make up Colombia's construction market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players in the industry?
7.2. What are the disruptive trends impacting the construction industry?
8 Company Profiles
8.1. Constructora Conconcreto SA
8.2. Construcciones El Condor SA
8.3. Constructora Colpatria SA
8.4. Amarilo
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Colombia construction industry value: $ million, 2019-24
Table 2: Colombia construction industry category segmentation: % share, by value, 2019-24
Table 3: Colombia construction industry category segmentation: $ million, 2019-24
Table 4: Colombia construction industry geography segmentation: $ million, 2024
Table 5: Colombia construction industry value forecast: $ million, 2024-29
Table 6: Constructora Conconcreto SA: Key Facts
Table 7: Constructora Conconcreto SA: Annual Financial Ratios
Table 8: Constructora Conconcreto SA: Key Employees
Table 9: Construcciones El Condor SA: Key Facts
Table 10: Construcciones El Condor SA: Annual Financial Ratios
Table 11: Construcciones El Condor SA: Key Employees
Table 12: Constructora Colpatria SA: Key Facts
Table 13: Amarilo: Key Facts
Table 14: Colombia Size of Population (Million), 2020-24
Table 15: Colombia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 16: Colombia GDP (Current Prices, $ Billion), 2020-24
Table 17: Colombia Inflation, 2020-24
Table 18: Colombia Consumer Price Index (Absolute), 2020-24
Table 19: Colombia Exchange Rate, 2019-24
List of Figures
Figure 1: Colombia construction industry value: $ million, 2019-24
Figure 2: Colombia construction industry category segmentation: $ million, 2019-24
Figure 3: Colombia construction industry geography segmentation: % share, by value, 2024
Figure 4: Colombia construction industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the construction industry in Colombia, 2024
Figure 6: Drivers of buyer power in the construction industry in Colombia, 2024
Figure 7: Drivers of supplier power in the construction industry in Colombia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in Colombia, 2024
Figure 9: Factors influencing the threat of substitutes in the construction industry in Colombia, 2024
Figure 10: Drivers of degree of rivalry in the construction industry in Colombia, 2024
