The outlook for construction in Mexico is favorable, as a result of the government’s focus on country’s infrastructure and residential construction

Friday 28 June 2013, Amsterdam

The Mexican construction industry recorded a CAGR of 4.34% between 2008 and 2012 and valued MXN2.1 trillion (US$158.9 billion). This was supported by private and public investments in Mexican infrastructural, commercial and institutional construction projects. The outlook for construction is favorable, as a result of the government’s focus on country’s infrastructure and residential construction. The construction industry’s output is expected to record a CAGR of 6.49% between now and 2017, to reach a value of MXN2.9 trillion (US$217.6 billion).

The commercial construction market accounted for 14.7% of total construction output and valued MXN306.8 billion (US$23.3 billion) in 2012. The market grew at a CAGR of 3.43% between 2008 and 2012, driven largely by robust growth in the office buildings and tourism sectors. The market is projected to continue to expand over the next few years, mainly driven by the investments in office and retail buildings, as disposable income continues to increase. The commercial construction market is expected to be the second fastest growing market in the Mexican construction industry, with an expected CAGR of 7.99% and a value of MXN450.6 billion (US$34.2 billion) by 2017.

The industrial construction market accounted for 10% of the total construction industry value in 2012. The industrial sector is important to the economy, as it contributed over 34% to the country’s GDP in 2012. Due to the global economic crisis, the industrial construction market in Mexico recorded a decline for two consecutive years in 2009 and 2010. The market recovered and recorded a positive annual growth rate of 3.9% in 2011 and 10.8% in 2012. The market will be supported by growth in manufacturing plants, and metal and material processing plants over the next 5 years.                                                                               

With 28.9% of the construction industry and a value of MXN604.1 billion (US$45.9 billion) in 2012, residential construction is the second-largest market in the industry. The market declined in value at annual growth rates of 15.3% in 2009 and 2% in 2010, due to the impact of global economic crisis. The market recovered drastically and recorded a positive annual growth rate of 11.9% in 2011. Between now and 2017, the residential construction market will be supported by the rising population, low interest rates and growing migration to urban regions. The residential construction market is forecast to register a CAGR of 2.58% between now and 2017, reaching an output value of MXN686.2 billion (US$52.1 billion).


Target audience

• Construction companies.
• Suppliers to Construction companies.
• Contractor research organizations.
• Trade body, academia or other industry observers.
• Companies involved at any stage in the manufacturing, procurement and marketing process.
• Marketing and advertising agencies.

Reasons to buy

• Gain an overview of the market including price dynamics, demographic profiles and key construction indicators.
• Understand the construction market in Mexico by reviewing the commercial, industrial, infrastructural, institutional and residential sectors.
• Get the upper hand on your competitors by obtaining numerous company profiles of some of the top Mexican construction companies.
• Enhance your business using Timetric’s market data analysis for the different sectors of the Mexican construction market.