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Construction in Mexico-Key Trends and Opportunities to 2022 | Key Players - Cemento Cruz Azul, Cinemex, Comex Group, Morton Buildings, Ridgway Construction, Boles No 1 Plumbing & Heating Prime Roofing, H L W Builders, Luebbering Mike Construction

02-13-2019 07:14 PM CET | Industry, Real Estate & Construction

Press release from: ReportsWeb

Construction in Mexico Market

Construction in Mexico Market

Construction in Mexico Market Overview:

Publisher's "Construction in Mexico - Key Trends and Opportunities to 2022", 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.

The industry is expected to expand over the forecast period (2018-2022), supported by government efforts to develop the country's transport infrastructure, as well as the energy and utilities sectors. Under the National Plan 2018-2024, the new government, led by Andr?s Manuel L?pez Obrador (AMLO), seeks to attract more private investment to finance construction projects. The government also plans to develop the tourism sector and reconstruct earthquake damages.

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Key Highlights:

- Publisher expects the infrastructure construction market to retain its leading position over the forecast period, and account for 28.2% of the industry's total value in 2022. Over the forecast period, the market's growth will be driven by the government's focus to develop the country's road infrastructure. Under the National Plan 2018-2024, the government aims to develop, modernize and maintain the country's road network by 2024. The government also plans to invest MXN132.6 billion (US$7.0 billion) through public private partnership to develop and maintain toll free roads.

- Forecast-period growth in the energy and utilities construction market will be driven by the government's plan to increase the share of renewable energy in terms of total energy mix, and encourage investment in renewable energy infrastructure projects. The government aims to generate 35% of the electricity from clean energy sources by 2024. It plans to attract MXN45.4 billion (US$2.4 billion) of investment in renewable energy projects by 2020-2021.

- Publisher expects the residential construction market to register a forecast-period CAGR of 10.71% in nominal terms, driven by the government's focus to address the country's housing deficit and reconstruct damaged properties by the earthquakes. The country's growing population and urbanization is also expected to support the market's growth. In order to reduce the housing deficit and to promote the construction of new social housing in the country, the government passed the new housing law in December 2016. Moreover, in 2017, the government announced plans to build 20,000 low-cost housing units in the Mexico City with a total estimated investment of MXN26.0 billion (US$1.2 billion).

- Forecast-period growth in the commercial construction market will be driven by public and private sector investments in the leisure and hospitality sector. In 2017, the Mexican tourism ministry announced plans to invest MXN15.4 billion (US$816.0 million) to develop tourism-related infrastructure in the state of Quintana Roo. Moreover, in July 2018, Apple Leisure Group announced plans to invest an estimated MXN19.1 billion (US$1.0 billion) in building six new hotels and resorts in Quintana Roo, which will add 2,000 rooms to the tourism sector by 2020-2021.

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- The total construction project pipeline in Mexico - as tracked by Publisher, and including all mega projects with a value above US$25 million - stands at MXN3.3 trillion (US$176.5 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 64.2% of the project pipeline by value being in the pre-execution and execution stages as of January 2019.

Scope:

This report provides a comprehensive analysis of the construction industry in Mexico. It provides -
- Historical (2013-2017) and forecast (2018-2022) 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 Publisher's 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 strategy using Publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

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The study report on Global Construction in Mexico Market throws light on the crucial trends and dynamics impacting the development of the market, including the market size, application, rising technology, restraints, drivers, opportunities, market share estimates and profiles of the leading industry Players.

Contact Us:
Call: +1-646-491-9876
Email: sales@reportsweb.com

About ReportsWeb:
ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

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