Mexico Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (Q1 2026)
Description
Mexico Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (Q1 2026)
Summary
Mexico’s construction industry is expected to register growth of 2.5% in real terms in 2026, supported by increasing investments in hospitality and industrial projects, coupled with public initiatives to upgrade all modes of transport infrastructure. Rising tourist arrivals are expected to attract investments towards leisure and hospitality and retail buildings in the coming quarters. According to the National Institute of Statistics and Geography (INEGI), the total number of foreign tourist arrivals rose by 6.1% in 2025, increasing from 45 million in 2024 to 47.8 million. In January 2026, at FITUR - an International Tourism Trade Fair held in Madrid - Mexico has attracted new tourism projects worth approximately MXN28.1 billion ($1.5 billion), which will be developed across the country through 2030.
In 2026, Mexico’s construction industry’s growth will also be bolstered by investments as part of the country’s 2026 budget, which includes a total expenditure of MXN10.1 trillion ($540 billion). Some of the key allocations under the 2026 budget include MXN513 billion ($27.4 billion) for public education, MXN267.4 trillion ($14.3 billion) for the energy sector, MXN170.8 billion ($9.1 billion) for the national defense, MXN153.5 billion ($8.2 billion) for the infrastructure, communications and transportation sectors, MXN66.8 billion ($3.6 billion) for healthcare sector, and MXN34.9 billion ($1.9 billion) for Science, Humanities, Technology and Innovation. However, the Mexican construction industry is anticipated to face challenges in 2026, owing to increased market and financial risks, primarily resulting from the ongoing tariff conflict between the US and its trading partners.
GlobalData’s Construction in the Mexico - Key Trends and Opportunities to 2030 (Q1 2026) report provides detailed market analysis, information, and insights into the Mexican construction industry, including:
This report provides a comprehensive analysis of the construction industry in Mexico. It provides -
Summary
Mexico’s construction industry is expected to register growth of 2.5% in real terms in 2026, supported by increasing investments in hospitality and industrial projects, coupled with public initiatives to upgrade all modes of transport infrastructure. Rising tourist arrivals are expected to attract investments towards leisure and hospitality and retail buildings in the coming quarters. According to the National Institute of Statistics and Geography (INEGI), the total number of foreign tourist arrivals rose by 6.1% in 2025, increasing from 45 million in 2024 to 47.8 million. In January 2026, at FITUR - an International Tourism Trade Fair held in Madrid - Mexico has attracted new tourism projects worth approximately MXN28.1 billion ($1.5 billion), which will be developed across the country through 2030.
In 2026, Mexico’s construction industry’s growth will also be bolstered by investments as part of the country’s 2026 budget, which includes a total expenditure of MXN10.1 trillion ($540 billion). Some of the key allocations under the 2026 budget include MXN513 billion ($27.4 billion) for public education, MXN267.4 trillion ($14.3 billion) for the energy sector, MXN170.8 billion ($9.1 billion) for the national defense, MXN153.5 billion ($8.2 billion) for the infrastructure, communications and transportation sectors, MXN66.8 billion ($3.6 billion) for healthcare sector, and MXN34.9 billion ($1.9 billion) for Science, Humanities, Technology and Innovation. However, the Mexican construction industry is anticipated to face challenges in 2026, owing to increased market and financial risks, primarily resulting from the ongoing tariff conflict between the US and its trading partners.
GlobalData’s Construction in the Mexico - Key Trends and Opportunities to 2030 (Q1 2026) 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.
This report provides a comprehensive analysis of the construction industry in Mexico. It provides -
- Historical (2021-2025) and forecast (2026-2030) 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
- 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
73 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), 2021–30
- Table 4: Mexico, Top Commercial Construction Projects by Value
- Table 5: Mexico, Industrial Construction Output by Project Type (Real % Change), 2021–30
- Table 6: Mexico, Top Industrial Construction Projects by Value
- Table 7: Mexico, Infrastructure Construction Output by Project Type (Real % Change), 2021–30
- Table 8: Mexico, Top Infrastructure Construction Projects by Value
- Table 9: Mexico, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30
- Table 10: Mexico, Top Energy and Utilities Construction Projects by Value
- Table 11: Mexico, Institutional Construction Output by Project Type (Real % Change), 2021–30
- Table 12: Mexico, Top Institutional Construction Projects by Value
- Table 13: Mexico, Residential Construction Output by Project Type (Real % Change), 2021–30
- 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: GlobalData Construction Market Definitions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Latin America, Construction Output (Real % Change), 2024–30
- Figure 2: Mexico, Construction Output by Sector (Real % Change), 2024–26 and 2027–30
- Figure 3: Mexico, Risk Summary
- Figure 4: Mexico, Risk Regional Comparison
- Figure 5: Mexico, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30
- Figure 6: Mexico, Construction Output Value, by Sector (Real, $ Million), 2021–30
- 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), 2021–30
- 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), 2021–30
- 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), 2021–30
- 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), 2021–30
- 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), 2021–30
- 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), 2021–30
- 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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