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Mexico Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)

Publisher GlobalData
Published Dec 30, 2025
Length 54 Pages
SKU # GBDT20825562

Description

Mexico Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)

Summary

The construction industry in Mexico is estimated to have shrunk by 3.6% in real terms in 2025, defined by fractured US-Mexican relations unsettling investors, weaker remittances flows, and elevated building material costs. According to the National Institute of Statistics and Geography (INEGI), the construction industry’s value-add declined by 4.7% year-on-year (YoY) in Q3 2025, preceded by YoY declines of 2.2% in Q2 2025 and 1.4% in Q1 2025. According to the INEGI, the gross fixed investment on buildings fell by 6.7% YoY in the first nine months of 2025, preceded by an annual growth of 3.2% in 2025. Despite economic uncertainty, Mexico’s construction industry is expected to recover at an annual average growth rate of 2.6% between 2026 and 2029, supported by investments in energy and transport infrastructure projects, in line with the government’s plan to invest MXN1.2 trillion ($60.1 billion) to develop 5,645km of railway line across 24 states by 2030. Rising foreign direct investment (FDI) in the country will also support the industry’s output over the coming quarters. According to the Minister of Economy, FDI grew 15% YoY in the first nine months of 2025. Additionally, in November 2025, the Government of the State of Mexico announced the development of six new industrial parks with a total investment of MXN3.5 billion ($175.3 million). Growth will also be supported by the National Electric System Strengthening and Expansion Plan 2025-30, announced in April 2025. The plan includes an investment of MXN624.6 billion ($31.3 billion) to add 29.1GW of new electricity generation capacity. It will fund 158 transmission projects and complete 42,221 electrification projects by 2030.

GlobalData’s Construction in Mexico - Key Trends and Opportunities to 2029 (Q4 2025) report provides detailed market analysis, information, and insights into the Mexican construction industry, including:
  • The Mexican 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 the Mexican 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 (2020-2024) and forecast (2025-2029) 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 our 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 business strategies 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

54 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Mexico, Key Economic Indicators
Table 3: Mexico, Commercial Construction Output by Project Type (Real % Change), 2020–29
Table 4: Mexico, Top Commercial Construction Projects by Value
Table 5: Mexico, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: Mexico, Top Industrial Construction Projects by Value
Table 7: Mexico, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Mexico, Top Infrastructure Construction Projects by Value
Table 9: Mexico, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Mexico, Top Energy and Utilities Construction Projects by Value
Table 11: Mexico, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Mexico, Top Institutional Construction Projects by Value
Table 13: Mexico, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Mexico, Top Residential Construction Projects by Value
Table 15: Mexico, Key Contractors
Table 16: Mexico, Key Consultants
Table 17: Mexico, Construction Output Value (Real, $ Million)
Table 18: Mexico, Construction Output Value (Nominal, MXN Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Latin America, Construction Output (Real % Change), 2023–29
Figure 2: Mexico, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Mexico, Risk Summary
Figure 4: Mexico, Risk Regional Comparison
Figure 5: Mexico, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Mexico, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Mexico, Construction Value-add, 2018 Prices (MXN Billion)
Figure 8: Mexico, Construction Confidence Index, in Seasonally Adjusted Terms
Figure 9: Mexico, Gross Fixed Investment Index in Construction (2018=100)
Figure 10: Mexico, Construction Production Volume Index (2018=100)
Figure 11: Mexico, Construction Employment as a Percentage of Total Population
Figure 12: Mexico, Construction Projects Momentum Index
Figure 13: Latin America, Construction Projects Momentum Index
Figure 14: Mexico, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 15: Mexico, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Mexico, Total International Tourist Arrivals (In Thousands)
Figure 17: Mexico, Wholesale and Retail Trade Value-add (MXN Billion, 2018 Prices)
Figure 18: Mexico, Value-add of Artistic, Cultural, Sports and Other Related Activities (MXN Billion, 2018 Prices)
Figure 19: Mexico, Commercial Trade Confidence Index, In Seasonally Adjusted Terms
Figure 20: Mexico, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 21: Mexico, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Mexico, Manufacturing Value-add (MXN Billion, 2018 Prices)
Figure 23: Mexico, Manufacturing Orders Indicator (IPM), In Seasonally Adjusted Terms
Figure 24: Mexico, Manufacturing Confidence Index, In Seasonally Adjusted Terms
Figure 25: Mexico, Total Merchandise Exports ($ Billion)
Figure 26: Mexico, Manufacturing and Mining Production Volume Indices (original, 2018=100), % Change YoY
Figure 27: Mexico, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 28: Mexico, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Mexico, Construction Production Volume Index for Civil Engineering Activities (2018=100)
Figure 30: Mexico, Value-add of Civil Engineering Activities (In 2018 Prices, MXN Billion)
Figure 31: Mexico, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 32: Mexico, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Mexico, Generation, Transmission and Distribution of Electrical Energy Value-add (MXN Billion, 2018 Prices)
Figure 34: Mexico, Telecommunications Value-add (MXN Billion, 2018 Prices)
Figure 35: Mexico, Production Volume Index for Oil and Gas Extraction (2018=100)
Figure 36: Mexico, Electricity Production Volume Index (original series, 2018=100), % Change YoY
Figure 37: Mexico, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 38: Mexico, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Mexico, Value-add of Education, Health, and Social Care Services, 2018 Prices, % Change YoY Prices)
Figure 40: Mexico, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 41: Mexico, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 42: Mexico, Real Estate Services Value-add (MXN Billion, 2018 Prices)
Figure 43: Mexico, House Price Index (2017=100)
Figure 44: Mexico, Gross Fixed Investment on Residential Buildings, 2018=100
Figure 45: Mexico, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 46: Mexico, Headquarters of Key Consultants (% of Total Project Pipeline)

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