Mexico Construction Market Report Overview

The Mexico construction market size was valued at $175.9 billion in 2022 and is expected to grow at an AAGR of more than 2% during 2024-2027, supported by investment in the transport and energy sectors. Government led infrastructure projects such as the 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.

The Mexico construction market research report provides a detailed analysis of the Mexico construction industry’s growth prospects by market, project type, and construction activity. It also provides critical insights into the impact of industry trends and issues as well as an analysis of key risks and opportunities in the construction industry. Moreover, it provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Mexico Construction Market Segmentation by Sectors

The key sectors in the Mexico construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction. The residential construction sector led the Mexico construction market in 2022.

Commercial Construction: The commercial construction sector is expected to be supported by a strong pipeline of hotel projects, coupled with investment in the retail, data center, and stadium projects.

Industrial Construction: The industrial construction sector growth will be driven by the government’s goal of developing industrial parks across the country.

Infrastructure Construction: The infrastructure construction sector is expected to register positive growth during 2024-27, supported by public and private sector investment in rail and road infrastructure projects.

Energy and Utilities Construction: The energy and utilities construction sector is expected to grow in 2023, fueled by the government’s efforts to promote oil and gas production and increase the share of renewable energy in the total energy mix.

Institutional Construction: The institutional construction sector is forecast to grow, aided by the government’s measures to increase spending in educational buildings and develop regional healthcare facilities.

Residential Construction: The residential sector is expected grow from 2024 to 2027, supported by investment in affordable housing construction, coupled with private investment and a trend to convert office buildings to residential buildings.

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