Mexico Construction Market Report and Forecast 2025-2034
Description
The Mexico construction market is projected to grow at a CAGR of 2.50% between 2025 and 2034. The market is being fueled by the introduction of favorable government initiatives aimed at boosting infrastructural development.
In order to provide specialized care and support to people battling terminal illnesses in Mexico, there has been a surge in theconstructionof hospice care centers. For instance, in March 2024, Mitigare Cares Palliativos AC 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. Furthermore, private sector investment in Mexico's construction center 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 Industry Report and Forecast 2025-2034 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
Competitive Landscape
The Mexico construction market key 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
Constructora y Edificadora GIA+A, SA de CV
Others
In order to provide specialized care and support to people battling terminal illnesses in Mexico, there has been a surge in theconstructionof hospice care centers. For instance, in March 2024, Mitigare Cares Palliativos AC 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. Furthermore, private sector investment in Mexico's construction center 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 Industry Report and Forecast 2025-2034 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
Competitive Landscape
The Mexico construction market key 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
Constructora y Edificadora GIA+A, SA de CV
Others
Table of Contents
102 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanization Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Construction Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Construction Historical Market (2018-2024)
- 5.3 Latin America Construction Market Forecast (2025-2034)
- 5.4 Latin America Construction Market Breakup by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Others
- 6 Mexico Construction Market Overview
- 6.1 Key Industry Highlights
- 6.2 Mexico Construction Historical Market (2018-2024)
- 6.3 Mexico Construction Market Forecast (2025-2034)
- 7 Mexico Construction Market by Construction Type
- 7.1 New Constructions
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Renovation
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Mexico Construction Market by End Use
- 8.1 Commercial
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Residential
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Industrial
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 9 Mexico Construction Market by Region
- 9.1 Baja California
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Northern Mexico
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 The Bajío
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Central Mexico
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Pacific Coast
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Yucatan Peninsula
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter's Five Forces Analysis
- 10.2.1 Supplier's Power
- 10.2.2 Buyers Powers
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Carso Group
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 Promoter of Development and Employment in Latin America SAB de CV
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Mota-Engil Group
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 Techint E&C SA
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Infrastructure Promoter and Operator, SAB de CV
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Aleatica SAU
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Grupo Indi, Sa De Cv
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 Grupo GP
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 COCONAL, SAPI de CV
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 Javer, SAB de CV
- 11.5.10.1 Company Overview
- 11.5.10.2 Product Portfolio
- 11.5.10.3 Demographic Reach and Achievements
- 11.5.10.4 Certifications
- 11.5.11 Constructora y Edificadora GIA+A, SA de CV
- 11.5.11.1 Company Overview
- 11.5.11.2 Product Portfolio
- 11.5.11.3 Demographic Reach and Achievements
- 11.5.11.4 Certifications
- 11.5.12 Others
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