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(Construction.IndustryNews247.Com, September 25, 2018 ) Construction activity in Mexico was weak during the first years of the review period, as the economy suffered from the recession. This prompted the government to cut its public expenditure, and weak business confidence affected investments in construction projects. However, the industry registered positive growth during 2014-2015, owing to gradual improvements in economic conditions
In real terms, the Mexican construction industry is set to perform well over the forecast period (2016-2020) compared to the review period (2011-2015). The industry's growth over the forecast period is expected to be driven by investments in infrastructure, energy and commercial construction projects. The government's flagship program - National Infrastructure Program (NIP) 2014-2018 - is expected to provide some momentum to the industry's performance over the forecast period.
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According to the country's national statistics institute, the Instituto Nacional de Estadística y Geografía (INEGI), the average construction volume index rose by 2.5%, going from 98.0 in 2014 to 100.4 in 2015. During the first half of 2016, the average construction volume index grew by 2.3% compared to the same period in 2015. It increased from 96.1 in January-June 2015 to 98.3 in January-June 2016.
Industry growth will be supported by public and private sector investments in infrastructure, and energy and utilities construction projects. The government's focus on the development of transport infrastructure is expected to add pace to the industry's growth. Efforts to boost renewable energy production are expected to drive funding towards the construction industry over the forecast period
According to the INEGI, the industry's value add at 2008 prices rose by 2.6%, going from MXN4.0 trillion (US$300.9 billion) in 2014 to MXN4.1 trillion (US$258.7 billion) in 2015. This was preceded by annual changes of -4.8% and 2.0% in 2013 and 2014 respectively.
Report Summary
Publisher's Construction in Mexico Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into Mexican construction industry including:
- Mexican construction industry's growth prospects by market, project type and type of construction activity
- Analysis of equipment, material and service costs across each project type within Mexico
- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Mexican construction industry
- Profiles of the leading operators in the Mexican construction industry.
- Data highlights of the largest construction projects in Mexico.
Report Scope
This report provides a comprehensive analysis of the construction industry in Mexico. It provides:
- Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Mexico using construction output and value-add methods
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
- Analysis of key construction industry issues, including regulation, cost management, funding and pricing
- Detailed profiles of the leading construction companies in Mexico
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Key Attributes of Report:
- 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.
Key Highlights
- In a bid to promote economic growth, in April 2014 the government launched NIP 2014-2018, under which it plans to make a large scale investment of MXN7.9 trillion (US$596.2 billion) in six sectors.
•In February 2013, the government, with an aim to strike a balance between housing demand and supply, launched the National Housing Policy. This was designed to provide financial assistance to the low and middle-income population, enabling them to secure their own house. The government collaborated with federal housing agencies such as Infonavit, Fovissste, SHF, National Popular Housing Trust Fund (Fonhapo), Conavia and other financial entities to offer housing mortgage loans to the population
•In June 2015, the government announced its plans to invest over MXN158.5 billion (US$10.0 billion) to develop 24 electricity and oil infrastructure projects in the country. These include five natural gas pipeline projects, four power generation stations, three small pipeline branches and other energy transmission and distribution projects.
•To boost the trade activity at major ports, in April 2015 the government announced its plans to invest an additional MXN79.2 billion (US$5.0 billion) to develop 117 ports.
•The Mexican government is focusing on enhancing the regional connectivity by developing the country's road networks. In February 2014, the Secretariat of Communications and Transportation announced its plans to invest MXN378.8 billion (US$28.5 billion) to upgrade road infrastructure projects until 2018.
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