Mexico Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)
Summary
GlobalData’s Construction in Mexico - Key Trends and Opportunities to 2028 (Q4 2024) report provides detailed market analysis, information and insights into the Mexican construction industry, including -
- The Mexican 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 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
However, the industry is expected to face challenges in 2025, forecasted to shrink by 7.1%. This weakness is attributed to headwinds such as political uncertainty amid precarious US-Mexican relations, fiscal consolidation, depreciation of the local currency (Mexican Peso - MXN), and high construction costs. Mexico's Chamber of Deputies approved the 2025 Federal Expenditure Budget (PEF) in mid-December 2024. The budget includes an allocation of MXN9.3 trillion ($535.1 billion) for 2025 - marking a 1.9% fall in real terms, compared to 2024. The proposed budget prioritizes debt service over key sectors like investment, health, and education. Investment spending - both physical (tangible assets) and financial (funds) - is set to decrease by 14% compared to 2024, while funding for the healthcare sector will fall by 11% and that for the education sector will fall by 1.2%, in 2025. Additionally, Donald Trump's re-election as the President of the US threatens renunciation and migration status quos, while spelling uncertainty for Mexican-US trade. For instance, President-elect Trump announced that when he begins his term in January 2025, he will implement 25% tariffs on all imports from Mexico and Canada, unless the two countries comply with US demands.
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
- Identify and evaluate market opportunities using our 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 business strategies 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: Japan Sugar Confectionery Market Value (JPY m) and Growth (Y-o-Y), 2018-23
- Table 2: Japan Sugar Confectionery Market Value (JPY m) and Growth (Y-o-Y), 2024-28
- Table 3: Japan Sugar Confectionery Market Value (USD m) and Growth (Y-o-Y), 2018-28
- Table 4: Japan Sugar Confectionery Market Value (JPY m) by Segments, 2018-23
- Table 5: Japan Sugar Confectionery Market Value (JPY m) by Segments, 2023-28
- Table 6: Japan Sugar Confectionery Market Value (USD m) by Segments, 2018-23
- Table 7: Japan Sugar Confectionery Market Value (USD m) by Segments, 2023-28
- Table 8: Japan Sugar Confectionery Market Volume (Kg m) and Growth (Y-o-Y), 2018-28
- Table 9: Japan Sugar Confectionery Market Volume (Kg m) by Segments, 2018-23
- Table 10: Japan Sugar Confectionery Market Volume (Kg m) by Segments, 2023-28
- Table 11: Japan Caramels and Toffees Market by Value (JPY m), 2018-23
- Table 12: Japan Caramels and Toffees Market by Value (JPY m), 2024-28
- Table 13: Japan Caramels and Toffees Market by Value (USD m), 2018-28
- Table 14: Japan Caramels and Toffees Market by Volume (Kg m), 2018-28
- Table 15: Japan Gums and Jellies Market by Value (JPY m), 2018-23
- Table 16: Japan Gums and Jellies Market by Value (JPY m), 2024-28
- Table 17: Japan Gums and Jellies Market by Value (USD m), 2018-28
- Table 18: Japan Gums and Jellies Market by Volume (Kg m), 2018-28
- Table 19: Japan Hard Boiled Sweets Market by Value (JPY m), 2018-23
- Table 20: Japan Hard Boiled Sweets Market by Value (JPY m), 2024-28
- Table 21: Japan Hard Boiled Sweets Market by Value (USD m), 2018-28
- Table 22: Japan Hard Boiled Sweets Market by Value (USD m), 2018-28
- Table 23: Japan Hard Boiled Sweets Market by Volume (Kg m), 2018-28
- Table 24: Japan Liquorice Market by Value (JPY m), 2018-28
- Table 25: Japan Liquorice Market by Value (USD m), 2018-28
- Table 26: Japan Liquorice Market by Volume (Kg m), 2018-28
- Table 27: Japan Lollipops Market by Value (JPY m), 2018-23
- Table 28: Japan Lollipops Market by Value (JPY m), 2024-28
- Table 29: Japan Lollipops Market by Value (USD m), 2018-28
- Table 30: Japan Lollipops Market by Volume (Kg m), 2018-28
- Table 31: Japan Medicated Confectionery Market by Value (JPY m), 2018-23
- Table 32: Japan Medicated Confectionery Market by Value (JPY m), 2024-28
- Table 33: Japan Medicated Confectionery Market by Value (USD m), 2018-28
- Table 34: Japan Medicated Confectionery Market by Volume (Kg m), 2018-28
- Table 35: Japan Mints Market by Value (JPY m), 2018-23
- Table 36: Japan Mints Market by Value (JPY m), 2024-28
- Table 37: Japan Mints Market by Value (USD m), 2018-28
- Table 38: Japan Mints Market by Volume (Kg m), 2018-28
- Table 39: Japan Other Sugar Confectionery Market by Value (JPY m), 2018-23
- Table 40: Japan Other Sugar Confectionery Market by Value (JPY m), 2024-28
- Table 41: Japan Other Sugar Confectionery Market by Value (USD m), 2018-28
- Table 42: Japan Other Sugar Confectionery Market by Volume (Kg m), 2018-28
- Table 43: Japan Sugar Confectionery Market Value by Brands (JPY m), 2020-23
- Table 44: Japan Sugar Confectionery Market Value by Brands (USD m), 2020-23
- Table 45: Japan Sugar Confectionery Market Volume by Brands (Kg m), 2020-23
- Table 46: Japan Sugar Confectionery Market Value by Distribution Channel (JPY m), 2020-23
- Table 47: Japan Sugar Confectionery Market Value by Distribution Channel (USD m), 2020-23
- Table 48: Category Definitions - Sugar Confectionery Market
- Table 49: Distribution Channel Definitions Sugar Confectionery Market
- Table 50: Volume Units for Sugar Confectionery Market
- Table 51: Japan Exchange Rate JPY - USD (Annual Average), 2018 - 2023
- Table 52: Japan Exchange Rate JPY - USD (Annual Average), 2024 - 2028 Forecast
- 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 (2018=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 Prices)
- 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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