Research By Markets adds Market Research Report - Construction in Mexico – Key Trends and Opportunities to 2023
For detailed information: https://www.researchbymarkets.com/report/construction-in-mexico-key-trends-and-opportunities-to-2023-545109.html
Construction in Mexico – Key Trends and Opportunities to 2023
Mexico’s construction industry outlook remains sluggish, with growth expected to register just 0.39% in real terms over the five-year forecast period, compared to 0.24% during the review period. Growth is expected to be supported by government efforts to boost both public and private investments in critical sectors such as energy, transport, health and education, as well as plans to repair earthquake damage.
However, policy uncertainty has negatively affected business confidence; the arrival of AndrÃ©s Manuel LÃ³pez Obrador’s new administration has hampered the construction industry, with output and employment falling over the past year. The slump in the industry has also contributed to the country’s economic stagnation; Mexico’s construction industry represents 7.5% of the country’s total gross domestic product. In particular, the president’s decision to cancel the part-built US$13 billion airport for Mexico City five weeks before taking office, as well as a recent renegotiation of gas pipeline contracts, have significantly hit the building industry, unsettling investors, and raising fears that the administration may not respect contracts in the future.
While the recently launched infrastructure plan could restore investors’ confidence and add to construction growth, public spending will remain subdued while security issues and uncertainty over the policies of President LÃ³pez Obrador will continue to restrain private investment in the country. A weak external environment, which could lead to a lower-than-expected decline in the price of oil, could also make it harder for the government to achieve its fiscal target, and further constrain much-needed spending on public works. According to the Mexican Chamber of Construction Industry, the 2020 budget for 12 government ministries and state-run companies that have traditionally dominated public sector construction is 8.6% lower than that approved in 2019.
The 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.
This report provides a comprehensive analysis of the construction industry in Mexico. It provides –
– Historical (2014-2018) and forecast (2019-2023) 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 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 critical and actionable insight.
– Assess business risks, including cost, regulatory and competitive pressures.
– Evaluate competitive risk and success factors.
For queries regarding this report: https://www.researchbymarkets.com/sample-request/545109