Summary
Mexico Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Summary
The construction industry in Mexico is expected to shrink by 0.5% in real terms in 2023, owing to headwinds caused by rising inflation and rising interest rates. According to the Central Bank of Mexico (Banxico), in annual terms, the average inflation rate accelerated from 5.68% in 2021 to 7.89% in 2022. The industry’s growth in 2023 will also be weighed down by subdued investor confidence and the weak global economic environment. However, with a pipeline of infrastructure and industrial projects, the industry is expected to recover in the short to medium term.
The Mexican construction industry is expected to rebound at an annual average rate of 2.6% between 2024 and 2027, supported by investment in the transport and energy sectors. Government led infrastructure projects such as the MXN14.5 billion ($723 million) Campeche Light Train Development project, involving the construction of a 20.67km light train, stations, and the installation of electronic and signaling systems will aid construction industry growth over the forecast period. Additionally, the government’s plan to increase the share of renewable energy in the total energy mix from 6% in 2021 to 21% by 2030, will help in drive investment into the renewable energy infrastructure. In January 2023, the Renewable Energy Transmission Authority (RETA) of Mexico and Invenergy Transmission company announced a plan to invest MXN41.1 billion ($2 billion) in the construction of a clean-energy transmission line project in the country, by the end of 2028
This report provides detailed market analysis, information and insights into Mexico’s construction industry, including -
- Mexico’s construction industry’s growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Mexico’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Scope
This report provides a comprehensive analysis of the construction industry in Mexico.
It provides -
- Historical (2018-2022) and forecast (2023-2027) 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 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
