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.
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 segmentsMarket 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
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Latin America Construction Market Overview
6 Mexico Construction Market Overview
7 Mexico Construction Market by Construction Type
8 Mexico Construction Market by End Use
9 Mexico Construction Market by Region
10 Market Dynamics
11 Competitive Landscape
Companies Mentioned
- Carso Group
- Promoter of Development and Employment in Latin America SAB de CV
- Mota-Engil Group
- Techint E&C SA
- Infrastructure Promoter and Operator, SAB de CV
- Aleatica SAU
- Grupo Indi, Sa De Cv
- Grupo GP
- COCONAL, SAPI de CV
- Javer, SAB de CV
- Constructora y Edificadora GIA+A, SA de CV
