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

Pages: 58 Published: September 30, 2022 Report Code: GDCN0995MR

The Mexico construction market size was valued at $151.2 billion in 2021 and is projected to achieve an AAGR of more than 2% during 2023-2026. In the second half of this year, the construction industry’s growth will be supported by the implementation of projects announced as part of the 2022 Budget.

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

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Mexico Construction Market Segmentation

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

Residential construction: The residential construction sector is expected to register an average growth rate from 2024 to 2026, supported by public and private investment in the residential sector to address the housing demand.

Commercial construction: The commercial construction sector is expected to return to its growth momentum in 2024 and register a significant growth rate from 2024 to 2026, supported by a strong pipeline of hotel projects, coupled with investments in retail, data center, and stadium projects.

Industrial construction: The growth in this sector will be supported by investment in the industrial and manufacturing sector, coupled with an increase in export activities.

Infrastructure construction: The growth will be supported by government investment to progress on ongoing projects, coupled with the initiation of work on delayed projects.

Energy and utilities construction: The energy and utilities sector’s output over the forecast period will be supported by investment in LNG, telecommunication, and water infrastructure projects.

Institutional construction: The government’s measures to increase spending in both healthcare and educational building are expected to support the sector’s growth in the coming years, but political uncertainty remains a key downside risk.

Mexico Construction Market Analysis, by Sectors

Mexico Construction Market Analysis, by Sectors

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Mexico Construction Market – Competitive Landscape

The leading contractors in the Mexico construction market are Empresas ICA, Mota-Engil SGPS SA, Grupo Carso SA de CV, China Communications Construction Group Ltd, Grupo Azvi, Actividades de Construccion y Servicios SA, Grupo Logra SA de CV, Construcciones y Auxiliar de Ferrocarriles SA, Odbinv SA, and Grupo Isolux Corsan SA.

Mexico Construction Market Analysis, by Contractors

Mexico Construction Market Analysis, by Contractors

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The leading consultants in the Mexico construction market are Instituto Nacional de Investigaciones Nucleares, Steer Davies & Gleave Limited¸ TSK Group, SENER Grupo de Ingenieria SA, Argo Consultores Ambientales SA, Fluor Corp., Aéroports de Paris Management, Tecnica Y Proyectos SA, TechnipFMC Plc, and Mextypsa SA de CV.

Mexico Construction Market Analysis, by Consultants

Mexico Construction Market Analysis, by Consultants

To know more about leading consultants in the Mexico construction market, download a free report sample

Mexico Construction Market Report Overview

Market Size (2021) $151.2 billion
AAGR (2023-2026) >2%
Key Sectors Residential Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Commercial Construction
Leading Contractors Empresas ICA, Mota-Engil SGPS SA, Grupo Carso SA de CV, China Communications Construction Group Ltd, Grupo Azvi, Actividades de Construccion y Servicios SA, Grupo Logra SA de CV, Construcciones y Auxiliar de Ferrocarriles SA, Odbinv SA, and Grupo Isolux Corsan SA
Leading Consultants Instituto Nacional de Investigaciones Nucleares, Steer Davies & Gleave Limited¸ TSK Group, SENER Grupo de Ingenieria SA, Argo Consultores Ambientales SA, Fluor Corp., Aéroports de Paris Management, Tecnica Y Proyectos SA, TechnipFMC Plc, and Mextypsa SA de CV

Scope

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

  • Historical (2017-2021) and forecast (2022-2026) 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, 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 valued at $151.2 billion in 2021.

The construction market in Mexico is projected to achieve an AAGR of more than 2% during 2023-2026.

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

The leading contractors in the Mexico construction market are Empresas ICA, Mota-Engil SGPS SA, Grupo Carso SA de CV, China Communications Construction Group Ltd, Grupo Azvi, Actividades de Construccion y Servicios SA, Grupo Logra SA de CV, Construcciones y Auxiliar de Ferrocarriles SA, Odbinv SA, and Grupo Isolux Corsan SA.

The leading consultants in the Mexico construction market are Instituto Nacional de Investigaciones Nucleares, Steer Davies & Gleave Limited¸ TSK Group, SENER Grupo de Ingenieria SA, Argo Consultores Ambientales SA, Fluor Corp., Aéroports de Paris Management, Tecnica Y Proyectos SA, TechnipFMC Plc, and Mextypsa SA de CV.

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