According to ConsTrack360, Construction Industry in Mexico is Expected to Grow at a CAGR of 4.3% During 2021-2025 | Market Size and Forecast Across 40+ Construction Segments | KPIs Covered 10-Year Market Size & Forecast in Value and Volume (Area and Units

The Mexican construction industry suffered heavy losses due to the coronavirus outbreak in the country. As a result, the sector contracted in 2020. In April 2020, the construction industry fell 38.7% as compared to the same period in 2019. While the construction industry is expected to contract in 2020, the outlook for the sector remains positive for the next year. Increased spending by the government on key infrastructure projects such as rail, highways, and energy projects will support market growth in 2021. This along with the construction of hotels from the private sector will provide support for the growth of the construction industry in 2021.

The contraction in the construction sector in 2020 is also reflected in the economic growth of the country. According to the Central Bank of Mexico, the Gross Domestic Product (GDP) of the country is expected to contract to 9.3% in 2020. However, for the next year, the economy is expected to recover from contraction and post modest growth of 3.2%. While most of the economic activities were shut down to contain the spread of the virus, the Mexican government allowed the construction of the key infrastructure projects to continue in the country. Additionally, the government has also announced several new projects that will support the recovery of the sector in 2021.

To provide a boost to the lagging residential construction sector in the country, the country is pushing ahead with three housing and urban development programs. With more than 100 confirmed projects, which will require a total investment of US$310 million (7.7 billion pesos), it will also support the recovery of the coronavirus hit economy.

The reconstruction and housing programs received an investment of 2.2 billion pesos and 1.5 billion pesos respectively, during the 2020 federal budget. These construction activities to develop housing and urban programs will support the recovery of the residential construction sector in 2021.
Mexico is home to one of the fastest-growing hotel markets in North America. More than 14,000 rooms were expected to be added to the hospitality industry in 2020. However, the coronavirus outbreak has delayed some of these projects.

The pipeline for the next year also remains strong. Construction activities for 35 hotels with more than 10,000 rooms will keep supporting the recovery of the sector in 2021. Just ten minutes from Cancun International Airport, Hilton Worldwide is constructing Waldorf Astoria Cancun. The beachfront property will feature 150 rooms and suites for guests from all over the world. Planned for late 2021, it will keep supporting the growth of the hospitality construction sector next year.

Additionally, Four Seasons Hotels and Resorts have also announced their plans to develop a lush hillside getaway on more than 2,000 acres. The project is expected to hit the ground in 2021. The outlook for the sector remains positive from a short-to-mid-term perspective, which is backed by a strong pipeline of hotel construction activities in the country.

To reactivate the economy, the federal government along with the private industry has announced a set of 147 infrastructure projects, including five energy projects. Expected to begin in early 2021, these infrastructure projects will involve a total investment of approximately US$14 billion.
These infrastructure projects also involve the construction of several highways in the country. The most expensive of which is the construction of the Naucalpan-Ecatepec highway in Mexico State. It involves a total investment of 20 billion pesos. The second most expensive highway construction is the Interserrana highway that involves an investment of 19 billion pesos.

Overall, eight out of the 43 highway projects announced by the Mexican government are meant to connect the airport with the nearby areas. With more highway projects expected to be announced in the third and fourth packages, it will keep supporting the recovery of the construction industry in 2021.
Construction activities of the US$1 billion (20 billion pesos) for the Tehuantepec isthmus rail corridor in Southeast Mexico will also support the growth of the market in 2021. Out of the US$1 billion investment, most of the money will go into the expansion and modernization of Salina Cruz port. More than 11 billion pesos are allocated for the expansion of Salina Cruz port, which involves the construction of new docks and spaces. Additionally, construction activities of the US$7.5 billion Maya train project are also expected to support the growth of the infrastructure sector in 2021.

According to ConsTrack360's Q2 2021 Global Construction Survey, construction industry in Mexico is expected to grow by 13.6% to reach US$ 166709.1 million in 2021. Despite near-term challenges in certain construction sectors, medium to long term growth story in Mexico remains intact. The construction industry in Mexico is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 4.3% during 2021-2025. The construction output in the country is expected to reach US$ 196941.5 million by 2025.

This report from ConsTrack360 provides data and trend analyses on construction industry in Mexico, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

Scope
• Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Mexico. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units

• 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)
• Entertainment
• Sports facility
• Construction 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 construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction

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

• Mexico Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare construction
• Educational construction
• Public sector
• construction 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 construction
• Educational green building construction

• Mexico Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
• Marine and inland water infrastructure
• Utility 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

To get detailed insights and FREE sample report please click here @ https://www.constrack360.com/reportstore/view/Mexico-Construction-Industry-Databook-Series-4039

Reasons to Purchase
• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in Mexico.

• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period

• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.

• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.

1812 N Columbia Blvd Suite

ConsTrack360 is a global research and advisory firm providing comprehensive, accurate, and unbiased business intelligence platform on construction industry. Through detailed databases and insights, we offer unmatched detailed and unbiased content globally.

With over 100,000 data points and 300+ reports, we help clients gain actionable insights across 50 countries, which directly impact revenues. For more information, please visit our website www.constrack360.com or email us at info@constrack360.com

This release was published on openPR.