Mexico Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Mexico Construction Market Report Overview
The Mexico construction market size was $185.8 billion in 2022. The market is projected to achieve an AAGR of less than 1% during 2024-2027. The growth of the market during 2026-2027 is attributed to public and private sector investment in energy, infrastructure, and industrial construction projects.
Mexico Construction Market Outlook, 2022-2027 ($ Billion)
Buy the Full Report to Know More about the Mexico Construction Market Forecast
The Mexico construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence Mexico construction market growth in the coming years.
Market Size (2022) | $185.8 billion |
AAGR (2024-2027) | <1% |
Forecast Period | 2024-2027 |
Historical Period | 2018-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Empresas ICA SAB de CV
· Mota-Engil SGPS SA · Grupo Carso SA de CV · Grupo Indi · Grupo Azvi |
Key Consultants | · Instituto Nacional de Investigaciones Nucleares
· TechnipFMC Plc · Ramboll Group · McDermott International Ltd · SENER Grupo de Ingenieria SA |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Mexico Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Mexico construction market in 2022
The key sectors in the Mexico construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. An improvement in tourism activity along with investment in data centers, leisure and hospitality buildings, and retail buildings will drive the commercial sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. Investments in the construction of industrial parks and electric vehicle manufacturing facilities will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Investments in road and railway infrastructure projects will support the sector growth over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investments in renewable energy and oil projects will drive the sector growth during 2026-2027.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. An improvement in investments in healthcare and educational buildings will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Public and private investments in affordable housing construction will drive the sector growth over the forecast period.
Mexico Construction Market Analysis by Sectors, 2022 (%)
Buy the Full Report for more Sector Insights into the Mexico Construction Market
Mexico Construction Market - Competitive Landscape
Empresas ICA SAB de CV emerged as the leading contractor and Instituto Nacional de Investigaciones Nucleares as the leading consultant in the Mexico construction market in 2022
A few of the leading contractors in the Mexico construction market are:
- Empresas ICA SAB de CV
- Mota-Engil SGPS SA
- Grupo Carso SA de CV
- Grupo Indi
- Grupo Azvi
Foreign contractors account for most of the project pipeline in the Mexico construction market.
Mexico Construction Market Analysis by Contractors, 2022 (%)
Buy the Full Report to Know More about the Contractors in the Mexico Construction Market
A few of the leading consultants in the Mexico construction market are:
- Instituto Nacional de Investigaciones Nucleares
- TechnipFMC Plc
- Ramboll Group
- McDermott International Ltd
- SENER Grupo de Ingenieria SA
Consultants with headquarters outside Mexico are involved in most of the project pipeline by value.
Mexico Construction Market Analysis by Consultants, 2022 (%)
Buy the Full Report to Know More about Consultants in the Mexico Construction Market
Mexico Construction Market - Latest Developments
- In December 2023, the Mexican tourism development company announced its plans to construct an ultra-luxury resort project on the coast of Jalisco. The first project, named Xala project, will include the construction of two luxury hotels and is expected to be completed by 2025.
- In October 2023, China-based Lingong Machinery Group (LGMG) announced its plan to construct an industrial park in Mexico’s northern state of Nuevo Leon. The project includes the construction of three industrial clusters, which will be used for processing, manufacturing, warehousing, and logistics services.
Segments Covered in the Report
Mexico Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Mexico.
- Historical and forecast valuations of the construction industry in Mexico, featuring details of key growth drivers.
- Segmentation by sector 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
Figures
Frequently asked questions
-
What was the Mexico construction market size in 2022?
The construction market size in Mexico was $185.8 billion in 2022.
-
What will the Mexico construction market growth rate be during the forecast period?
The construction market in Mexico is projected to achieve an AAGR of less than 1% during 2024-2027.
-
Which was the leading sector in the Mexico construction market in 2022?
Residential construction was the leading sector in the Mexico construction market in 2022.
-
Which are the leading contractors in the Mexico construction market?
The leading contractors in the Mexico construction market are Empresas ICA SAB de CV, Mota-Engil SGPS SA, Grupo Carso SA de CV, Grupo Indi, and Grupo Azvi, among others.
-
Who are the leading consultants in the Mexico construction market?
The leading consultants in the Mexico construction market are Instituto Nacional de Investigaciones Nucleares, TechnipFMC Plc, Ramboll Group, McDermott International Ltd, and SENER Grupo de Ingenieria SA, among others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.