The Construction in Mexico - Key Trends and Opportunities to 2028 (Q4 2024) 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
However, the industry is expected to face challenges in 2025, forecasted to shrink by 7.1%. This weakness is attributed to headwinds such as political uncertainty amid precarious US-Mexican relations, fiscal consolidation, depreciation of the local currency (Mexican Peso - MXN), and high construction costs. Mexico's Chamber of Deputies approved the 2025 Federal Expenditure Budget (PEF) in mid-December 2024. The budget includes an allocation of MXN9.3 trillion ($535.1 billion) for 2025 - marking a 1.9% fall in real terms, compared to 2024. The proposed budget prioritizes debt service over key sectors like investment, health, and education. Investment spending - both physical (tangible assets) and financial (funds) - is set to decrease by 14% compared to 2024, while funding for the healthcare sector will fall by 11% and that for the education sector will fall by 1.2%, in 2025. Additionally, Donald Trump's re-election as the President of the US threatens renunciation and migration status quos, while spelling uncertainty for Mexican-US trade. For instance, President-elect Trump announced that when he begins his term in January 2025, he will implement 25% tariffs on all imports from Mexico and Canada, unless the two countries comply with US demands.
Scope
This report provides a comprehensive analysis of the construction industry in Mexico. It provides:
- Historical (2019-2023) and forecast (2024-2028) 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 the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures