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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 (Q2 2025)

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    Report

  • 57 Pages
  • June 2025
  • Region: Mexico
  • GlobalData
  • ID: 5767965
Description Jump to:
Mexico's construction industry is projected to decline by 5.9% in real terms in 2025 as precarious US-Mexican relations remain unresolved, drained public-sector stimulus headwind construction prospects, and plummeting remittance’s weigh on consumer spending. Notably, The analyst has revised 2025 forecasts marginally upward in Q2 2025 (from -7.2%) However, this is less symptomatic of a recovering construction outlook, more an overestimation of Mexico’s construction market value previously. Markedly, the Mexican Peso appreciating by approximately 7.8% (YTD) will somewhat soften the negative effect of rising building material prices, albeit not significantly enough to offset the expected lost demand from US levies. Furthermore, President Sheinbaum remains resilient in her ambition to accelerate renewable construction initiatives under her National Energy Strategy; a target to achieve 45 % renewable electricity usage by 2030. However, macroeconomic headwinds persist.
In the longer term, despite economic uncertainty and evident short-term headwinds, Mexico’s construction industry is expected to recover and register an annual average growth of 2.5% between 2026 and 2028, supported by investment in oil and gas, energy infrastructure, and infrastructure construction projects in line with the government plan to invest MXN1.2 trillion ($58 billion) for developing 5,645km of railway line across 24 states by 2030. In April 2025, the National Water Commission (CONAGUA) announced an investment of MXN7.9 billion ($396 million) over the next six years to improve potable water and sanitation systems in Acapulco. Previously, in February 2025, the Ministry of Infrastructure, Communications, and Transport announced the National Highway Infrastructure Program 2025-30. This plan will see a total investment of MXN173 billion ($8.5 billion) to redevelop 4,000km of roads by 2030.

The Construction in Mexico - Key Trends and Opportunities to 2029 (Q2 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 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-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
  • About the Analyst
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: Mexico, Key Economic Indicators
Table 3: Mexico, Construction Material Price Indexes for the Domestic Market (2019=100), % Change
Table 4: Mexico, Commercial Construction Output by Project Type (Real % Change), 2020-29
Table 5: Mexico, Top Commercial Construction Projects by Value
Table 6: Mexico, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 7: Mexico, Top Industrial Construction Projects by Value
Table 8: Mexico, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 9: Mexico, Top Infrastructure Construction Projects by Value
Table 10: Mexico, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 11: Mexico, Top Energy and Utilities Construction Projects by Value
Table 12: Mexico, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 13: Mexico, Top Institutional Construction Projects by Value
Table 14: Mexico, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 15: Mexico, Top Residential Construction Projects by Value
Table 16: Mexico, Key Contractors
Table 17: Mexico, Key Consultants
Table 18: Mexico, Construction Output Value (Real, $ Million)
Table 19: Mexico, Construction Output Value (Nominal, MXN Billion)
Table 20: the analyst Construction Market Definitions
Table 21: Risk Dimensions
Table 22: 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, Cement Price Index for the Domestic Market (2019=100), % Change
Figure 13: Mexico, Construction Projects Momentum Index
Figure 14: Latin America, Construction Projects Momentum Index
Figure 15: Mexico, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 16: Mexico, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Mexico, Total International Tourist Arrivals (In Thousands)
Figure 18: Mexico, Wholesale and Retail Trade Value-add (MXN Billion, 2018 Prices)
Figure 19: Mexico, Value-add of Artistic, Cultural, Sports and Other Related Activities (MXN Billion, 2018 Prices)
Figure 20: Mexico, Commercial Trade Confidence Index, In Seasonally Adjusted Terms
Figure 21: Mexico, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 22: Mexico, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Mexico, Manufacturing Value-add (MXN Billion, 2018 Prices)
Figure 24: Mexico, Manufacturing Orders Indicator (IPM), In Seasonally Adjusted Terms
Figure 25: Mexico, Manufacturing Confidence Index, In Seasonally Adjusted Terms
Figure 26: Mexico, Total Merchandise Exports ($ Billion)
Figure 27: Mexico, Industrial, Manufacturing and Mining Production Volume Indices (original, 2018=100), % Change YoY
Figure 28: Mexico, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 29: Mexico, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Mexico, Construction Production Volume Index for Civil Engineering Activities (2018=100)
Figure 31: Mexico, Value-add of Civil Engineering Activities (In 2018 Prices, MXN Billion)
Figure 32: Mexico, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 33: Mexico, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Mexico, Generation, Transmission and Distribution of Electrical Energy Value-add (MXN Billion, 2018 Prices)
Figure 35: Mexico, Telecommunications Value-add (MXN Billion, 2018 Prices)
Figure 36: Mexico, Production Volume Index for Oil and Gas Extraction (2018=100)
Figure 37: Mexico, Electricity Production Volume Index (original series, 2018=100), % Change YoY
Figure 38: Mexico, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 39: Mexico, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 40: Mexico, Value-add of Education, Health, and Social Care Services, 2018 Prices, % Change YoY Prices)
Figure 41: Mexico, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 42: Mexico, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 43: Mexico, Real Estate Services Value-add (MXN Billion, 2018 Prices)
Figure 44: Mexico, House Price Index (2017=100)
Figure 45: Mexico, Gross Fixed Investment on Residential Buildings, 2018=100
Figure 46: Mexico, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 47: Mexico, Headquarters of Key Consultants (% of Total Project Pipeline)

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