
Global & Mexico Heavy Construction Equipment Market to 2031
Description
Mexico’s energy and utility sector plays a crucial role in the country’s economy, with substantial investments aimed at modernizing infrastructure, advancing renewable energy, and ensuring energy security. While Mexico has a longstanding history in oil and gas production, there is a growing emphasis on renewable energy sources and enhancing energy system efficiency. In November 2024, the government announced an investment of approximately US$23 billion toward electricity infrastructure development, supporting its National Strategy for Electricity Infrastructure Improvement for 2024–2030. These infrastructure investments have significantly boosted the demand for heavy construction equipment across Mexico.
The construction industry, which includes residential, commercial, industrial, infrastructure, and civil engineering projects, ranks among Mexico’s largest contributors to GDP. This sector is driven by public and private investments, particularly in rapidly urbanizing and industrializing regions. As urban populations continue to rise—especially in metropolitan areas such as Mexico City, Guadalajara, Monterrey, and Cancun—there is growing demand for new housing developments. This trend is further propelled by rural-to-urban migration. To address affordable housing needs, the Mexican government has launched various programs targeting low-income groups to support housing accessibility.
The retail sector’s growth, including the expansion of shopping malls and office buildings in major cities, is a key factor driving commercial construction. Business hubs like Mexico City and Monterrey see ongoing demand for modern office spaces and mixed-use developments. Additionally, the manufacturing and logistics industries are major contributors to commercial and industrial construction, expanding the need for industrial parks, warehouses, and logistics facilities, especially near important ports and highways. Overall, the combined impact of infrastructure development, rapid urbanization, and industrial growth is fueling a strong demand for heavy construction equipment in Mexico.
The construction industry, which includes residential, commercial, industrial, infrastructure, and civil engineering projects, ranks among Mexico’s largest contributors to GDP. This sector is driven by public and private investments, particularly in rapidly urbanizing and industrializing regions. As urban populations continue to rise—especially in metropolitan areas such as Mexico City, Guadalajara, Monterrey, and Cancun—there is growing demand for new housing developments. This trend is further propelled by rural-to-urban migration. To address affordable housing needs, the Mexican government has launched various programs targeting low-income groups to support housing accessibility.
The retail sector’s growth, including the expansion of shopping malls and office buildings in major cities, is a key factor driving commercial construction. Business hubs like Mexico City and Monterrey see ongoing demand for modern office spaces and mixed-use developments. Additionally, the manufacturing and logistics industries are major contributors to commercial and industrial construction, expanding the need for industrial parks, warehouses, and logistics facilities, especially near important ports and highways. Overall, the combined impact of infrastructure development, rapid urbanization, and industrial growth is fueling a strong demand for heavy construction equipment in Mexico.
Table of Contents
100 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Mexico Heavy Construction Equipment Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Heavy Construction Equipment Market Key Market Dynamics
- 5.1 Heavy Construction Equipment Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Mexico Heavy Construction Equipment Market – Analysis
- 6.1 Mexico Heavy Construction Equipment Market Revenue (US$ Million), 2021–2031
- 6.2 Mexico Heavy Construction Equipment Market Revenue and Forecast Analysis
- 7. Mexico Heavy Construction Equipment Market Analysis – by Type
- 7.1 Mexico Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
- 8. Mexico Heavy Construction Equipment Market Analysis – by Power Output
- 8.1 Mexico Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Power Output
- 9. Mexico Heavy Construction Equipment Market Analysis – by Propulsion Type
- 9.1 Mexico Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Propulsion Type
- 10. Mexico Heavy Construction Equipment Market Analysis – by End-use Industry
- 10.1 Mexico Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End-use Industry
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 AB Volvo
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 Caterpillar Inc
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 Komatsu Ltd
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Hitachi Construction Machinery Co Ltd
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Liebherr-International AG
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 Terex Corp
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Doosan Corp
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Deere & Co
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Sany Heavy Industry Co Ltd
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 J C Bamford Excavators Ltd
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 13.11 Hyundai Engineering & Construction Co Ltd
- 13.11. 1 Key Facts
- 13.11. 2 Business Description
- 13.11. 3 Products and Services
- 13.11. 4 Financial Overview
- 13.11. 5 SWOT Analysis
- 13.11. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. Mexico Heavy Construction Equipment Market Segmentation
- Table 2. List of Vendors
- Table 3. Mexico Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million)
- Table 4. Mexico Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million)
- Table 5. Mexico Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Type
- Table 6. Mexico Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
- Table 7. Mexico Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Power Output
- Table 8. Mexico Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Power Output
- Table 9. Mexico Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Propulsion Type
- Table 10. Mexico Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Propulsion Type
- Table 11. Mexico Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by End-use Industry
- Table 12. Mexico Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by End-use Industry
- Table 13. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. Mexico Heavy Construction Equipment Market Revenue, (US$ Million), 2021–2031
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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