Mexico Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2030
The Mexico Construction Market size was valued at USD 277.42 billion in 2023, and is predicted to reach USD 604.58 billion by 2030, at a CAGR of 10.0% from 2024 to 2030.
The establishment of new manufacturing and industrial facilities in Mexico is driving the country's market expansion. Business Monitor International (BMI) predicts that Mexico's construction sector will sustain its recovery after experiencing a notable 17.6% decline in 2020. Additionally, BMI anticipates growth rates of 0.4% in 2022 and 1.1% in 2023, with an average annual growth rate of 2.8% from 2023 to 2032. This forecasted growth trajectory signifies a promising trend towards stability and growth in Mexico's infrastructure sector.
However, the construction industry faces substantial obstacles due to the intricate nature of government regulations and permitting processes, which typically require various permits and approvals from local, regional, and national authorities. These permits may involve zoning regulations, environmental assessments, building code compliance, safety standards, and other regulatory requirements. Delays in obtaining permits, bureaucratic inefficiencies, and inconsistencies in regulations across jurisdictions can significantly extend project timelines and escalate costs. Additionally, fluctuations in regulations or unforeseen policy changes can disrupt ongoing projects and disincentivize future investments. For instance, the United States Environmental Protection Agency (EPA) regulates various aspects of the construction sector, including air, lead, waste, and water regulations. The EPA's compliance assistance centers provide resources for managing environmental responsibilities during demolition, reducing and recycling construction and demolition materials, and disposing of refrigeration and air-conditioning equipment.
On the other hand, digital transformation and the adoption of Building Information Modeling (BIM) are revolutionizing the construction sector by incorporating cutting-edge technologies to enhance efficiency, precision, and collaboration across various projects. BIM, a sophisticated 3D modeling tool, enables stakeholders to generate and manage digital representations of structures and infrastructure, improving coordination and communication among project teams. For instance, in September 2022, the National Institute of Building Sciences (NIBS) launched the U.S. National Building Information Management (BIM) Program to transform the construction industry and achieve a new level of industrial efficiency through digitalization. This program aims to address the low level of digitalization in the U.S. construction industry, which hinders the transformation of lifecycle work processes to become more efficient, cost-effective, resilient, and safer to build and maintain.
KEY BENEFITS
The Mexico construction industry is segmented based on type, and sector.
Based on type, the market is segmented renovation and new construction.
Based on sector, the market is divided into real estate, infrastructure, and industrial.
Key Market Players
Leading players operating in the Mexico construction industry include:
• China State Construction Engineering Corp. Ltd. (CSCEC)
• China Railway Group Ltd. (CREC)
• China Railway Construction Corp. Ltd. (CRCC)
• China Communications Construction Group Ltd. (CCCC)
• Metallurgical Corporation of China Ltd. (MCC)
• Power Construction Corp. of China
• Vinci SA
• China Energy Engineering Corp. (CEEC)
• Shanghai Construction Group (SCG)
• Bouygues Group
KEY BENEFITS
• The Mexico construction market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the Mexico construction market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
- 1 Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2 Mexico Construction Market By Type
- 2.1 Overview
- 2.2 Renovation Market
- 2.3 New Construction Market
- 3 Mexico Construction Market By Sector
- 3.1 Overview
- 3.2 Real Estate Market
- 3.2.1 Residential
- 3.2.1.1 Affordable
- 3.2.1.2 Luxury
- 3.2.2 Commercial
- 3.2.2 Retail Buildings
- 3.2.2 Office Buildings
- 3.2.2 Hospitality
- 3.2.2 Healthcare Facilities
- 3.2.2 Educational Institutes
- 3.2.2 Entertainment Ventures
- 3.3 Infrastructure Market
- 3.3.1 Transportation
- 3.3.1 Airport
- 3.3.1 Port
- 3.3.1 Rail
- 3.3.1 Road
- 3.3.2 Water And Wastewater
- 3.3.3 Energy
- 3.3.4 Telecommunication
- 3.4 Industrial Market
- 3.4.1 Manufacturing Plant
- 3.4.2 Warehouses
- 3.4.3 Power Plants
- 3.4.4 Oil Refineries
- 3.4.5 Chemical Plants
- 4 Company Profiles
- 4.1 China State Construction Engineering Corp. Ltd. (Cscec)
- 4.1.1 Company Overview
- 4.1.2 Company Snapshot
- 4.1.3 Operating Business Segments
- 4.1.4 Product Portfolio
- 4.1.5 Business Performance
- 4.1.6 Business Segments
- 4.1.7 Geographic Segments
- 4.1.8 Key Strategic Moves And Development
- 4.1.9 Primary Market Competitors
- 4.2 China Railway Group Ltd. (Crec)
- 4.2.1 Company Overview
- 4.2.2 Company Snapshot
- 4.2.3 Operating Business Segments
- 4.2.4 Product Portfolio
- 4.2.5 Business Performance
- 4.2.6 Business Segments
- 4.2.7 Geographic Segments
- 4.2.8 Key Strategic Moves And Development
- 4.2.9 Primary Market Competitors
- 4.3 China Railway Construction Corp. Ltd. (Crcc)
- 4.3.1 Company Overview
- 4.3.2 Company Snapshot
- 4.3.3 Operating Business Segments
- 4.3.4 Product Portfolio
- 4.3.5 Business Performance
- 4.3.6 Business Segments
- 4.3.7 Geographic Segments
- 4.3.8 Key Strategic Moves And Development
- 4.3.9 Primary Market Competitors
- 4.4 China Communications Construction Group Ltd. (Cccc)
- 4.4.1 Company Overview
- 4.4.2 Company Snapshot
- 4.4.3 Operating Business Segments
- 4.4.4 Product Portfolio
- 4.4.5 Business Performance
- 4.4.6 Business Segments
- 4.4.7 Geographic Segments
- 4.4.8 Key Strategic Moves And Development
- 4.4.9 Primary Market Competitors
- 4.5 Metallurgical Corporation Of China Ltd. (Mcc)
- 4.5.1 Company Overview
- 4.5.2 Company Snapshot
- 4.5.3 Operating Business Segments
- 4.5.4 Product Portfolio
- 4.5.5 Business Performance
- 4.5.6 Business Segments
- 4.5.7 Geographic Segments
- 4.5.8 Key Strategic Moves And Development
- 4.5.9 Primary Market Competitors
- 4.6 Power Construction Corp. Of China
- 4.6.1 Company Overview
- 4.6.2 Company Snapshot
- 4.6.3 Operating Business Segments
- 4.6.4 Product Portfolio
- 4.6.5 Business Performance
- 4.6.6 Business Segments
- 4.6.7 Geographic Segments
- 4.6.8 Key Strategic Moves And Development
- 4.6.9 Primary Market Competitors
- 4.7 Vinci Sa
- 4.7.1 Company Overview
- 4.7.2 Company Snapshot
- 4.7.3 Operating Business Segments
- 4.7.4 Product Portfolio
- 4.7.5 Business Performance
- 4.7.6 Business Segments
- 4.7.7 Geographic Segments
- 4.7.8 Key Strategic Moves And Development
- 4.7.9 Primary Market Competitors
- 4.8 China Energy Engineering Corp. (Ceec)
- 4.8.1 Company Overview
- 4.8.2 Company Snapshot
- 4.8.3 Operating Business Segments
- 4.8.4 Product Portfolio
- 4.8.5 Business Performance
- 4.8.6 Business Segments
- 4.8.7 Geographic Segments
- 4.8.8 Key Strategic Moves And Development
- 4.8.9 Primary Market Competitors
- 4.9 Shanghai Construction Group (Scg)
- 4.9.1 Company Overview
- 4.9.2 Company Snapshot
- 4.9.3 Operating Business Segments
- 4.9.4 Product Portfolio
- 4.9.5 Business Performance
- 4.9.6 Business Segments
- 4.9.7 Geographic Segments
- 4.9.8 Key Strategic Moves And Development
- 4.9.9 Primary Market Competitors
- 4.10 Bouygues Group
- 4.10.1 Company Overview
- 4.10.2 Company Snapshot
- 4.10.3 Operating Business Segments
- 4.10.4 Product Portfolio
- 4.10.5 Business Performance
- 4.10.6 Business Segments
- 4.10.7 Geographic Segments
- 4.10.8 Key Strategic Moves And Development
- 4.10.9 Primary Market Competitors
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