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Mexico Construction Market Size, Share, Growth, Report: By Construction Type: New Constructions, Renovation; By End Use: Commercial, Residential, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Mexico Construction Market Outlook
The Mexico construction market size is projected to grow at a CAGR of 2.5% between 2024 and 2032. The market is being fuelled by the introduction of favourable government initiatives aimed at boosting infrastructural development.
Key Takeaways
- New construction is expected to dominate the market growth over the forecast period.
- Real construction in the Mexican petrochemical and oil sector has doubled since 2018.
- Private sector investments in Mexico’s construction sector have increased by more than 40% since 2019.
In order to provide specialised care and support to people battling terminal illnesses in Mexico, there has been a surge in the construction of hospice care centres. For instance, in March 2024, Mitigare Cuidados Paliativos A.C. announced the construction of Phase I of Mitigare Hospice Care in San Miguel de Allende which is supposed to be completed by September 2024. Phase II of the project is scheduled for construction in 2026. Hence, the expansion of healthcare infrastructure is expected to accelerate the Mexico construction market growth in the forecast period.
Government investments in public works projects have tripled since 2022 in Mexico, which has also boosted the market expansion. The Tren Maya Project, the Tehuantepec Isthmus Interoceanic Corridor, and the Dos Bocas Refinery Complex are some of the key construction projects in southern Mexico states. Moreover, private sector investment in Mexico’s construction centre has increased by more than 40% in the last five years and is expected to continue, driving the Mexico construction market expansion.
Investments in the construction of industrial, commercial, and service buildings in Mexico have increased by more than 50% since 2020 and are gradually approaching a value of $10 billion yearly. This is one of the key Mexico construction market trends. With the anticipated recovery of housing construction in Mexico, the overall market is poised for significant growth over the forecast period.
Market Segmentation
Mexico Construction Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Construction Type
- New Constructions
- Renovation
Market Breakup by End Use
- Commercial
- Residential
- Industrial
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico construction market players are Grupo Carso, Impulsora del Desarrollo Y El Empleo En America Latina SAB de CV, Mota-Engil Group, Techint E&C S.A., Promotora y Operadora de Infraestructura, S.A.B. de C.V., Aleatica S.A.U., Grupo Indi, Sa De Cv, Grupo GP, COCONAL, SAPI de CV, Javer, SAB de CV, and Constructora y Edificadora GIA+A, SA de CV, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Construction Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Construction Market Overview
8.1 Key Industry Highlights
8.2 Latin America Construction Historical Market (2018-2023)
8.3 Latin America Construction Market Forecast (2024-2032)
8.4 Latin America Construction Market Breakup by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico Construction Market Overview
9.1 Key Industry Highlights
9.2 Mexico Construction Historical Market (2018-2023)
9.3 Mexico Construction Market Forecast (2024-2032)
10 Mexico Construction Market by Construction Type
10.1 New Constructions
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Renovation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Mexico Construction Market by End Use
11.1 Commercial
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Residential
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Mexico Construction Market by Region
12.1 Baja California
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Northern Mexico
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 The Bajío
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Central Mexico
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Pacific Coast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Yucatan Peninsula
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Grupo Carso
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Impulsora del Desarrollo Y El Empleo En America Latina SAB de CV
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Mota-Engil Group
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Techint E&C S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Promotora y Operadora de Infraestructura, S.A.B. de C.V.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Aleatica S.A.U.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Grupo Indi, Sa De Cv
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Grupo GP
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 COCONAL, SAPI de CV
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Javer, SAB de CV
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Constructora y Edificadora GIA+A, SA de CV
14.2.11.1 Company Overview
14.2.11.2 Product Portfolio
14.2.11.3 Demographic Reach and Achievements
14.2.11.4 Certifications
14.2.12 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Construction Market: Key Industry Highlights, 2018 and 2032
2. Mexico Construction Market: Key Industry Highlights, 2018 and 2032
3. Mexico Construction Historical Market: Breakup by Construction Type (USD Billion), 2018-2023
4. Mexico Construction Market Forecast: Breakup by Construction Type (USD Billion), 2024-2032
5. Mexico Construction Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. Mexico Construction Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. Mexico Construction Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Mexico Construction Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Mexico Construction Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 2.5% between 2024 and 2032.
The different construction types include new constructions and renovation.
The different end uses of construction are commercial, residential, and industrial.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Grupo Carso, Impulsora del Desarrollo Y El Empleo En America Latina SAB de CV, Mota-Engil Group, Techint E&C S.A., Promotora y Operadora de Infraestructura, S.A.B. de C.V., Aleatica S.A.U., Grupo Indi, Sa De Cv, Grupo GP, COCONAL, SAPI de CV, Javer, SAB de CV, and Constructora y Edificadora GIA+A, SA de CV, among others.
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