Guatemala Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Guatemala Construction Market Report is Segmented by Type (Residential Construction, Commercial Construction, Industrial Construction, Institutional Construction, Infrastructure Construction, and Energy and Utility Construction). The Report Offers Market Sizes and Forecasts for Guatemala Construction Market in Value (USD) for all the Above Segments.

Guatemala Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Guatemala Construction Market Size

Guatemala Construction Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 3.78 Billion
Market Size (2030) USD 5.51 Billion
CAGR (2025 - 2030) 7.87 %
Market Concentration Medium

Major Players

Guatemala Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Guatemala Construction Market with other markets in Real Estate and Construction Industry

Real Estate

Construction

Guatemala Construction Market Analysis

The Guatemala Construction Market size is estimated at USD 3.78 billion in 2025, and is expected to reach USD 5.51 billion by 2030, at a CAGR of 7.87% during the forecast period (2025-2030).

  • Although the Guatemalan economy had weathered the inflation shock better than its neighbors in 2022, higher energy prices had impacted domestic consumption significantly, constituting 85% of GDP in 2022. Economic activity was expected to remain resilient in 2023 despite the deterioration in US economic conditions. Firstly, declining remittances from the United States (30% of household disposable income and 16% of GDP in 2022) and import inflation (just above the central bank's 4% target) did not reduce domestic consumption.
  • The expansion of fuel, food, and electricity subsidies for households (0.8% of GDP in 2022) certainly sustained them, resulting in a projected growth in spending of 2.6% in 2023 compared to 2.4% in 2022. Secondly, investment was expected to slow slightly.
  • Public investments under the National Long-Term Development Strategic Plan for 2022-2024 focus on infrastructure development to combat climate change, with the aim of benefiting the construction sector.
  • Many Government Regulations and initiatives, Mergers and acquisitions, and Technical Advancements in the construction sector have been fuelling the market growth in Guatemala country. For instance, to support a sustainable and inclusive medium-term growth model with higher growth potential, the government will strengthen the implementation of transformative infrastructure agendas, promote human capital and social policies, and ensure legal certainty.
  • It is essential to strengthen, although the global outlook is challenging, the current economy also offers ample opportunities to push ahead with reforms to take advantage of demographic dividends, improve the business environment, and attract foreign investment. Fiscal policy lines should remain cautious in the medium-term (MT) Strategies that include growth-enhancing fiscal sustainability goals. Receive Increased tax revenues needed to fund the country's structural needs. Managing heavy investments in infrastructure, human capital, and social needs requires process streamlining. A clear communication strategy should accompany larger bond issuances to fund this need.
  • Investment in large-scale infrastructure projects is one of the key strategies of Guatemala to fuel economic growth. The government's effort to improve the country's infrastructure to sustain growth in the manufacturing sector and expand municipal utilities will contribute to the growth in construction spending. Rising personal income levels, household growth, and population migration from rural to urban areas will augment the need for better construction facilities and road infrastructure developments in the country.
  • Increasing public investments in Guatemala’s commercial construction sectors will be a key market opportunity for the companies operating in the construction and infrastructure industry. The presence of a huge customer base is resulting in strong FDI (foreign direct investment) inflows into the country. Further, increasing investments in real estate and infrastructure sectors result in the growth of construction activities.

Guatemala Construction Industry Overview

Guatemala’s construction market is consolidated in nature, with regional leading construction companies having a good presence in the Honduran construction market. There are other key players in the market who provide construction services. Key players in the market include Construcciones de Guatemala, Constructora Aicsa SA, Metro Proyectos, SA, CVG Itsa S.A,and Corporacion San Francisco S.A. are a few names among the industry. Like the other countries in Central America, Guatemala’s construction market is also mainly driven by residential projects. However, construction for public services is also on the rise with the government’s investment plans. According to industry sources, technology adoption is still at an infant stage in THE Guatemala construction sector. It is observed that most of the companies in the construction sector are not investing much in research and development activities.​

Guatemala Construction Market Leaders

  1. Corporacion San Francisco S.A

  2. Construcciones de Guatemala

  3. Constructora Aicsa SA

  4. Metro Proyectos SA

  5. CVG Itsa SA

  6. *Disclaimer: Major Players sorted in no particular order
Guatemala Construction Market Concentration
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Guatemala Construction Market News

  • May 2023: The Vicuña Mackenna 20 project represented a significant undertaking led by the University of Chile. Situated adjacent to Plaza Italia, this large-scale initiative is set to host the Faculty of Government, the Institute of International Studies, and the Centre for Artistic and Cultural Extension in the future. The Vicuña Mackenna 20 building, spanning over 32,000 m², boasts eight floors and five underground levels. Additionally, it features more than 1,500 meters of interior courtyards, concert halls, a dance hall, and rehearsal rooms dedicated to the Chilean Symphony Orchestra.
  • February 2023: In a major business move, Doka, a prominent formwork supplier headquartered in Amstetten, Austria, completed the 100% acquisition of AT-PAC, a renowned scaffolding manufacturer. The collaboration between these two companies began in 2020, focusing on delivering comprehensive global site solutions. This strategic acquisition firmly establishes Doka as the sole provider of formwork and scaffolding in the worldwide construction industry, reinforcing the company's position in the newly established global business segment, "Industrial Scaffolding."

Guatemala Construction Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Analysis Methodology
  • 2.2 Research Phases

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Current Market Scenario
  • 4.2 Government Initiatives and Regulations
  • 4.3 Technological Trends and Automation in the Sector
  • 4.4 Insights on Investment Scenario in the Guatemalan Construction Market (insights on FDI and Local Investments in Construction)

5. MARKET DYNAMICS

  • 5.1 Market Drivers
  • 5.2 Market Restraints
  • 5.3 Market Opportunities
  • 5.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.4.1 Bargaining Power of Suppliers
    • 5.4.2 Bargaining Power of Consumers
    • 5.4.3 Threat of New Entrants
    • 5.4.4 Threat of Substitutes
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION (MARKET BY VALUE)

  • 6.1 By Type
    • 6.1.1 Residential Construction
    • 6.1.2 Commercial Construction
    • 6.1.3 Industrial Construction
    • 6.1.4 Institutional Construction
    • 6.1.5 Infrastructure Construction
    • 6.1.6 Energy & Utility Construction

7. COMPETITIVE LANDSCAPE

  • 7.1 Overview (Market Concentration and Major Players)
  • 7.2 Company Profiles
    • 7.2.1 Corporacion San Francisco S.A
    • 7.2.2 Construcciones de Guatemala
    • 7.2.3 Constructora Aicsa SA
    • 7.2.4 Metro Proyectos SA
    • 7.2.5 CVG Itsa SA
    • 7.2.6 Futuros Constructivos Sobre la Roca S.A
    • 7.2.7 Guatemala Constructions
    • 7.2.8 Lgb Guatemala Sociedad Anonima
    • 7.2.9 Constructora Aicsa SA
    • 7.2.10 Nabla Group
    • 7.2.11 Doka
    • 7.2.12 ULMA Construction*
  • *List Not Exhaustive
  • 7.3 Other Companies

8. FUTURE OF THE MARKET

9. APPENDIX

  • 9.1 Macroeconomic Indicators
  • 9.2 Trade Statistics of Building Materials
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Guatemala Construction Industry Segmentation

Construction is the installation, maintenance, and repair of buildings and other stationary structures, as well as the construction of roadways and service facilities that form fundamental components of structures and are required for their operation.

The Guatemala construction market is segmented by type (residential construction, commercial construction, industrial construction, institutional construction, infrastructure construction, and energy and utility construction). 

The report offers market sizes and forecasts for the Guatemala construction market in value (USD) for all the above segments.

By Type Residential Construction
Commercial Construction
Industrial Construction
Institutional Construction
Infrastructure Construction
Energy & Utility Construction
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Guatemala Construction Market Research FAQs

How big is the Guatemala Construction Market?

The Guatemala Construction Market size is expected to reach USD 3.78 billion in 2025 and grow at a CAGR of 7.87% to reach USD 5.51 billion by 2030.

What is the current Guatemala Construction Market size?

In 2025, the Guatemala Construction Market size is expected to reach USD 3.78 billion.

Who are the key players in Guatemala Construction Market?

Corporacion San Francisco S.A, Construcciones de Guatemala, Constructora Aicsa SA, Metro Proyectos SA and CVG Itsa SA are the major companies operating in the Guatemala Construction Market.

What years does this Guatemala Construction Market cover, and what was the market size in 2024?

In 2024, the Guatemala Construction Market size was estimated at USD 3.48 billion. The report covers the Guatemala Construction Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Guatemala Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Guatemala Construction Industry Report

Statistics for the 2025 Guatemala Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Guatemala Construction analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.