Mexico Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Pages: 59 Published: June 17, 2022 Report Code: GDCN0937MR

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The Mexico construction market size was $151.2 billion in 2021. The market is projected to grow at an AAGR of more than 2% during the period 2023 to 2026. Growth in the forecast period will be supported by investments in residential, transport, electricity, Liquefied Natural Gas (LNG), and telecommunication infrastructure projects.

The Mexico construction market research report provides a detailed analysis of Mexico’s construction industry’s growth prospects by market, project type, and construction activity. It also provides critical insights into the impact of industry trends and issues as well as an analysis of key risks and opportunities in the construction industry. Moreover, it provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Mexico Construction Market Outlook

Mexico Construction Market Outlook

To gain more information on the Mexico construction market forecast, download a free report sample

What are the key sectors in the Mexico construction market?

The key sectors in the Mexico construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.

The Commercial Construction Market in Mexico

Over the forecast period, the sector’s output will be supported by the government’s efforts to raise investment in tourism infrastructure, coupled with investments in office, data center, and sports infrastructure projects.

The Industrial Construction Market in Mexico

The industrial sector is expected to expand in real terms this year, owing to the rapid recovery in industrial activities, coupled with an increase in investment in the manufacturing and mining sectors.

The Infrastructure Construction Market in Mexico

The sector’s output over the forecast period will be supported by public and private sector investment in rail and road infrastructure projects. In the latest budget, the government allocated significant investments for transport projects such as the Mayan Train and the Felipe Angeles International Airport (AIFA) projects.

The Energy & Utilities Construction Market in Mexico

The sector’s output over the forecast period will be supported by investment in electricity infrastructure, in line with the rising energy demand. Growth over the forecast period will also be supported by investment in LNG, renewable energy, and telecommunication infrastructure projects.

The Institutional Construction Market in Mexico

Over the forecast period, the sector’s growth will be aided by the government’s measures to increase spending in both healthcare and educational buildings.

The Residential Construction Market in Mexico

The sector’s output over the forecast period will be supported by investments in affordable housing construction, coupled with the rise in demand for residential buildings amid the rising middle-class population.

Mexico Construction Market Analysis by Sectors

Mexico Construction Market Analysis by Sectors

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Who are the key contractors in the Mexico construction market?

The key contractors in the Mexico construction market are Fluor Corp., Prodemex, Grupo Hosto, Empresas ICA SAB de CV, China Communications Construction Group Ltd, Group Azvi, Actividades de Construccion y Servicios SA, Grupo Logra SA de CV, Construcciones y Auxiliar de Ferrocarriles SA, and Odbinv SA.

Mexico Construction Market Analysis by Contractors

Mexico Construction Market Analysis by Contractors

To know more about key contractors, download a free report sample

Who are the key consultants in the Mexico construction market?

The key consultants in the Mexico construction market are Instituto Nacional de Investigaciones Nucleares, Fluor Corp., TechnipFMC Plc, Comision Federal de Electricidad, Worley Ltd, Steer Davies & Gleave Limited, SENER Grupo de Ingenieria SA, Argo Consultores Ambientales SA, TSK Group, and Aéroports de Paris Management.

Mexico Construction Market Analysis by Consultants

Mexico Construction Market Analysis by Consultants

To know more about key consultants, download a free report sample

Market Report Overview

Market size (Year – 2021) $151.2 billion
Growth rate – AAGR (2023 – 2026)  >2%
Forecast period 2022-2026
Key sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy & Utilities Construction, Institutional Construction, and Residential Construction
Key contractors Fluor Corp., Prodemex, Grupo Hosto, Empresas ICA SAB de CV, China Communications Construction Group Ltd, Group Azvi, Actividades de Construccion y Servicios SA, Grupo Logra SA de CV, Construcciones y Auxiliar de Ferrocarriles SA, and Odbinv SA
Key consultants Instituto Nacional de Investigaciones Nucleares, Fluor Corp., TechnipFMC Plc, Comision Federal de Electricidad, Worley Ltd, Steer Davies & Gleave Limited, SENER Grupo de Ingenieria SA, Argo Consultores Ambientales SA, TSK Group, and Aéroports de Paris Management

Scope

This report provides a comprehensive analysis of the construction industry in Mexico. It provides –

  • Historical and forecast 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.

Table of Contents

Table of Contents

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 COVID-19 Status

3.5 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

7.4 GlobalData Construction

Contact Us

List of Tables

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), 2017-26

Table 4: Mexico, Top Commercial Construction Projects by Value

Table 5: Mexico, Industrial Construction Output by Project Type (Real % Change), 2017-26

Table 6: Mexico, Top Industrial Construction Projects by Value

Table 7: Mexico, Infrastructure Construction Output by Project Type (Real % Change), 2017-26

Table 8: Mexico, Top Infrastructure Construction Projects by Value

Table 9: Mexico, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26

Table 10: Mexico, Top Energy and Utilities Construction Projects by Value

Table 11: Mexico, Institutional Construction Output by Project Type (Real % Change), 2017-26

Table 12: Mexico, Top Institutional Construction Projects by Value

Table 13: Mexico, Residential Construction Output by Project Type (Real % Change), 2017-26

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, $ Million)

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

List of Figures

Figure 1: Latin America, Construction Output (Real % Change), 2020-26

Figure 2: Mexico, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

Figure 3: Mexico, COVID-19 Confirmed Cases

Figure 4: Mexico, Risk Summary

Figure 5: Mexico, Risk Regional Comparison

Figure 6: Mexico, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26

Figure 7: Mexico, Construction Output Value, by Sector (Real, $ Million), 2017-26

Figure 8: Mexico, Construction Value Add (2013 Prices, MXN Billion)

Figure 9: Mexico, Construction Production Volume Index (2013=100)

Figure 10: Mexico, Construction Confidence Index, In Seasonally-Adjusted Terms

Figure 11: Mexico, Gross Fixed Investment Index (2013=100)

Figure 12: Mexico, Construction Projects Momentum Index

Figure 13: Region, Construction Projects Momentum Index

Figure 14: Mexico, Commercial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 15: Mexico, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: Mexico, Total International Tourist Arrivals (in Thousands)

Figure 17: Mexico, Wholesale and Retail Trade Value Add (MXN Billion, 2013 Prices)

Figure 18: Mexico, Value Add of Artistic, Cultural, Sports and Other Related Activities (MXN Billion, 2013

Prices)

Figure 19: Mexico, Commercial Trade Confidence Index, In Seasonally-Adjusted Terms

Figure 20: Mexico, Industrial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 21: Mexico, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 22: Mexico, Manufacturing Value Add (MXN Billion, 2013 Prices)

Figure 23: Mexico, Manufacturing Orders Indicator (IPM), In Seasonally Adjusted Terms

Figure 24: Mexico, Manufacturing Confidence Index, In Seasonally-Adjusted Terms

Figure 25: Mexico, Industrial, Manufacturing and Mining Production Volume Indices (Unadjusted, 2013=100), % Change YoY

Figure 26: Mexico, Total Merchandise Exports ($ Billion)

Figure 27: Mexico, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26

Figure 28: Mexico, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: Mexico, Construction Production Volume Index for Civil Engineering Activities (2013=100)

Figure 30: Mexico, Value Add of Civil Engineering Activities, In 2013 Prices, In MXN Billion

Figure 31: Mexico, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

Figure 32: Mexico, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 33: Mexico, Generation, Transmission and Distribution of Electrical Energy Value Add (MXN Billion, 2013 Prices)

Figure 34: Mexico, Telecommunications Value Add (MXN Billion, 2013 Prices)

Figure 35: Mexico, Production Volume Index for Oil and Gas Extraction (2013=100)

Figure 36: Mexico, Electricity Production Volume Index (Unadjusted, 2013=100)

Figure 37: Mexico, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

Figure 38: Mexico, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 39: Mexico, Value Add of Education, Health and Social Care Services, 2013 Prices

Figure 40: Mexico, Residential Construction Output by Project Type (Real, $ Million), 2017-26

Figure 41: Mexico, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 42: Mexico, Real Estate Services Value Add (MXN Billion, 2013 Prices)

Figure 43: Mexico, Gross Fixed Investment on Residential Buildings (2013-100)

Figure 44: Mexico, House Price Index (2017=100)

Figure 45: Mexico, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 46: Mexico, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in Mexico was $151.2 billion in 2021.

 

 

 

The construction market in Mexico is projected to grow at an AAGR of more than 2% during the period 2023 to 2026.

The key sectors in the Mexico construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.

The key contractors in the Mexico construction market are Fluor Corp., Prodemex, Grupo Hosto, Empresas ICA SAB de CV, China Communications Construction Group Ltd, Group Azvi, Actividades de Construccion y Servicios SA, Grupo Logra SA de CV, Construcciones y Auxiliar de Ferrocarriles SA, and Odbinv SA.

The key consultants in the Mexico construction market are Instituto Nacional de Investigaciones Nucleares, Fluor Corp., TechnipFMC Plc, Comision Federal de Electricidad, Worley Ltd, Steer Davies & Gleave Limited, SENER Grupo de Ingenieria SA, Argo Consultores Ambientales SA, TSK Group, and Aéroports de Paris Management.

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