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Mexico Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

Best Price Guarantee Length Publisher Published Date SKU
from $1,495 50 Pages GlobalData September, 2024 GBDT19273856
Best Price Guarantee
Price from $1,495
Length 50 Pages
Publisher GlobalData
Published Date September, 2024
SKU GBDT19273856

Mexico Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)


Summary

GlobalData’s Construction in Mexico - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into the Mexican construction industry, including -
  • The Mexican construction industry 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 the Mexican construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Mexico’s construction industry is expected to grow by 4.1% real terms in 2024, supported by investments in the construction of manufacturing facilities and renewable energy projects. According to the National Institute of Statistics and Geography (INEGI), the construction industry’s value add grew by 10.1% year-on-year (YoY) in the first half (H1) of 2024, compared to an overall annual growth of 15.6% in 2023. However, the industry is expected to face challenges in 2025, owing to high base effects, high inflation, inflammatory building materials prices, and diminishing construction confidence. According to the Monthly Business Opinion Survey conducted by INEGI, the average construction confidence index declined by 3.2% YoY in the first seven months of 2024. In another setback to the industry’s output over the coming months, the US is estimated to have paused investments of around MXN608.3 billion ($35 billion) in Mexico owing to concerns about the upcoming Judicial Power reform being discussed in the Mexican Senate.

Mexico’s construction industry is expected to register an annual average growth of 2.3% between 2026 and 2028, supported by public-private sector investment in oil and gas, transport infrastructure, and industrial construction projects. As part of “Program for the Development of Industrial Parks 2024-2030”, the country is expected to attract MXN107.8 billion ($6.2 billion) to MXN149.5 billion ($8.6 billion) in private investments for the construction of 128 industrial parks by 2030. As of August 2024, around 72 parks were in various development stages, with 23% of the projects having permits or construction underway, and the rest nearing the permitting stage.

Scope

This report provides a comprehensive analysis of the construction industry in Mexico. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Mexico, 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 GlobalData'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 GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.


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 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
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Mexico, Key Economic Indicators
Table 3: Mexico, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Mexico, Top Commercial Construction Projects by Value
Table 5: Mexico, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Mexico, Top Industrial Construction Projects by Value
Table 7: Mexico, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Mexico, Top Infrastructure Construction Projects by Value
Table 9: Mexico, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Mexico, Top Energy and Utilities Construction Projects by Value
Table 11: Mexico, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Mexico, Top Institutional Construction Projects by Value
Table 13: Mexico, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Mexico, Top Residential Construction Projects by Value
Table 15: Mexico, Key Contractors
Table 16: Mexico, Key Consultants
Table 17: Mexico, Construction Output Value (Real, $ Billion)
Table 18: Mexico, Construction Output Value (Nominal, MXN Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Latin America, Construction Output (Real % Change), 2022-28
Figure 2: Mexico, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Mexico, Risk Summary
Figure 4: Mexico, Risk Regional Comparison
Figure 5: Mexico, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Mexico, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Mexico, Construction Value add, 2018 Prices (MXN Billion)
Figure 8: Mexico, Construction Confidence Index, In Seasonally Adjusted Terms
Figure 9: Mexico, Gross Fixed Investment Index (2018=100)
Figure 10: Mexico, Construction Production Volume Index (2013=100)
Figure 11: Mexico, Construction Projects Momentum Index
Figure 12: Latin America, Construction Projects Momentum Index
Figure 13: Mexico, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 14: Mexico, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Mexico, Total International Tourist Arrivals (In Thousands)
Figure 16: Mexico, Wholesale and Retail Trade Value Add (MXN Billion, 2018 Prices)
Figure 17: Mexico, Value add of Artistic, Cultural, Sports and Other Related Activities (MXN Billion, 2018 Prices)
Figure 18: Mexico, Commercial Trade Confidence Index, In Seasonally Adjusted Terms
Figure 19: Mexico, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 20: Mexico, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Mexico, Manufacturing Value Add (MXN Billion, 2018 Prices)
Figure 22: Mexico, Manufacturing Orders Indicator (IPM), In Seasonally Adjusted Terms
Figure 23: Mexico, Manufacturing Confidence Index, In Seasonally Adjusted Terms
Figure 24: Mexico, Total Merchandise Exports ($ Billion)
Figure 25: Mexico, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 26: Mexico, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Mexico, Construction Production Volume Index for Civil Engineering Activities (2018=100)
Figure 28: Mexico, Value Add of Civil Engineering Activities, In 2018 Prices, In MXN Billion
Figure 29: Mexico, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 30: Mexico, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Mexico, Generation, Transmission and Distribution of Electrical Energy Value Add (MXN Billion, 2018 Prices)
Figure 32: Mexico, Telecommunications Value Add (MXN Billion, 2018 Prices)
Figure 33: Mexico, Production Volume Index for Oil and Gas Extraction (2018=100)
Figure 34: Mexico, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 35: Mexico, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Mexico, Value Add of Education, Health, and Social Care Services, 2018 Prices, % Change YoY
Figure 37: Mexico, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 38: Mexico, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Mexico, Real Estate Services Value Add (MXN Billion, 2018 Prices)
Figure 40: Mexico, House Price Index (2017=100)
Figure 41: Mexico, Gross Fixed Investment on Residential Buildings, 2018=100
Figure 42: Mexico, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 43: Mexico, Headquarters of Key Consultants (% of Total Project Pipeline)

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