Mexico Construction Industry Databook Q1 2025: Mexico's Construction Sectors Thrive Amid Urban Growth, Government Initiatives, and Technological Advancements Despite Rising Costs and Regulatory Challenges

The "Mexico Construction Industry Databook Series - Market Size & Forecast by Value and Volume, Q1 2025 Update" report has been added to ResearchAndMarkets.com's offering.The construction market in Mexico is expected to grow by 5.5% on annual basis to reach MXN 2.04 trillion in 2025.The construction market in the country experienced robust growth during 2020-2024, achieving a CAGR of 7.5%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 4.5% during 2025-2029. By the end of 2029, the construction sector is projected to expand from its 2024 value of MXN 1.93 trillion to approximately MXN 2.56 trillion.This report provides a detailed data-centric analysis of the construction sector in Mexico, offering a comprehensive view of market opportunities in the building and infrastructure construction industry at the country level. With over 100+ KPIs covering growth dynamics in building and infrastructure construction, construction cost structure analysis, and analysis by key cities in the country, this databook provides a wealth of data-centric analysis with charts and tables, ensuring stakeholders are fully informed.It offers a comprehensive analysis of market dynamics in the construction sector through a range of KPIs such as value, volume, and number of units. The building construction covers detailed segmentation over 30+ segments in residential, commercial, industrial, and institutional sectors.Key Insights

Mexico’s construction sectors - residential, commercial, institutional, industrial, and infrastructure - are evolving rapidly, driven by urbanization, government initiatives, and technological advancements. Here’s a summary of key points across each sector:

Residential Construction: The growing urban population and government housing programs create opportunities, especially in affordable housing. The demand for sustainable, energy-efficient homes is rising, but challenges such as rising costs, regulatory complexities, and labor shortages remain. Strategic investments in technology and sustainable practices are critical for growth.Commercial Construction: There is a surge in demand for flexible office spaces and mixed-use developments in business hubs like Mexico City and Monterrey. Despite challenges such as market saturation and changing retail dynamics, smart technologies, sustainability, and government incentives are key to remaining competitive.Institutional Construction: Mexico is investing heavily in educational and healthcare infrastructure, focusing on modernizing universities and hospitals. While funding and bureaucratic delays pose challenges, public-private partnerships (PPPs) and technology integration are critical for enhancing service delivery and project efficiency.Industrial Construction: Nearshoring trends, increased foreign investment, and the demand for high-tech industrial facilities are fueling growth in the industrial sector. However, rising material costs and skilled labor shortages are significant challenges. Mexico’s government incentives and investments in technology parks, manufacturing, and logistics infrastructure position it as a global industrial hub.Infrastructure Construction: Mexico’s infrastructure sector is expanding, with major projects in transportation, energy, and digital infrastructure. Government-backed projects like the Maya Train and Felipe Angeles Airport, along with investments in renewable energy and green technologies, are pivotal for long-term development. However, regulatory delays and environmental concerns are ongoing challenges.

Across all sectors, government incentives, public-private partnerships, and the adoption of smart, sustainable technologies are essential for addressing challenges and fostering long-term growth.

Scope

This report provides market size and forecast across 40+ construction segments for ten years from 2020-2029 in Mexico.

KPIs covered include the following:

Market size by valueMarket size by volume of constructionNumber of units

Mexico Economic Indicators

Mexico Top Cities Construction Data

Mexico Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

Housing type (multi family, single family)Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)Price point/income level (luxury, mid-tier, affordable)Construction stage (new construction, re-development & maintenance)

Mexico Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

Green building by Housing type (multi family, single family)Green building by Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)Green building by Price point/income level (luxury, mid-tier, affordable)

Mexico Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

Office (further broken down by Grade A, Grade B, and Grade C)Retail (further broken down by Grade A, Grade B, and Grade C)Hospitality (further broken down by Grade A, Grade B, and Grade C)Restaurant (further broken down by Grade A, Grade B, and Grade C)EntertainmentSports facilityOther commercial building constructionConstruction stage (new construction, re-development & maintenance)

Mexico Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

Office green building constructionRetail green building constructionHospitality green building constructionRestaurant green building constructionEntertainment green building constructionSports facility green building constructionOther commercial green building construction

Mexico Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units):

Manufacturing Plants building constructionChemical & Pharmaceutical building constructionMetal & Material Processing building constructionConstruction stage (new construction, re-development & maintenance)

Mexico Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

Healthcare constructionEducational constructionOther building constructionConstruction stage (new construction, re-development & maintenance)

Mexico Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:

Healthcare green building constructionEducational green building construction

Mexico Infrastructure Construction Sectors: 10-year market size & forecast in value terms by:

Marine and inland water infrastructureUtility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)Construction stage (new construction, re-development & maintenance)

Mexico Green Infrastructure Construction: 10-year market size & forecast in value terms

Mexico Construction Cost Structure Analysis: 10-year market size & forecast in value terms:

Cost Analysis by Type (Material, Labour, Equipment, Others)By Material & Work Cost: It provides the cost outlook of material costs by type of materials used in construction (Cement, Steel, Sand, Aggregates, Bricks, Wood, Windows Glazing, Flooring, Plumbing, Electrical, Painting, Other Materials)By Labour Cost: It provides the cost outlook of labour costs (RCC Construction Work, Masonry and Plastering Work, Plumbing Work, Water Proofing Work, Carpentry Work, Electrical Work, Tile Fixing Work, CATV Antenna Points, Painting Work, Departmental Labour)By Type of Construction (New, Re-Development)By Material Cost: It provides the cost outlook of material costs by type of materials used in construction (Concreting Sand, Stone Aggregate, Ordinary Portland Cement, Reinforced Concrete (Grade 30 MPA), Reinforced Concrete (Grade 40 MPA), High Tensile Steel bars, Mild Steel Round Bars, Structural Steelwork, Plywood Formwork (1800*900*12mm), Clay Bricks)Type of Labour (Skilled vs. unskilled)

Reasons to buy this report:

Comprehensive Insight into Construction Market Dynamics: Gain a deep understanding of the construction market, including opportunities, industry trends, and key drivers across over 40+ market segments and sub-segments.Detailed Analysis of Construction Costs: Explore construction costs broken down by type, including material and labor costs. The report provides detailed information on costs by construction type and worker.Top Ten Cities Construction Value: Access valuable data on the construction market size for major cities, focusing on key city-level sectors.In-Depth Volume and Value Data: Obtain a thorough understanding of the market from both value and volume perspectives, covering historical data and forecasts by activity and units.Strategic Market-Specific Insights: Formulate targeted strategies by identifying growth segments and opportunities and assessing key trends, drivers, and risks within the construction industry.City-Level Trend Analysis: Get detailed trend analyses for tier-1, tier-2, and tier-3 cities, offering actionable insights for urban-focused strategies.

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