According to GlobalData, the value of Mexico construction market is forecast to decline by 1.7% in real terms in 2024, having decreased by 1.1% in 2023. A key growth market will be the infrastructure market, with output dropping by 2.0% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five manufacturing plant construction projects that commenced in Mexico in Q3 2024, according to GlobalData’s construction projects database.
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1. Saltillo Tire Manufacturing Plant
The project involves the construction of a tire manufacturing plant on a 600,000m2 area in Saltillo City, Coahuila State.
Construction work started in Q3 2024 and is expected to be completed in Q3 2025.
2. Tlajomulco de Zuniga Pick-Up Truck Assembly Plant
The project involves the construction of an assembly plant on a 50,000m2 area in Tlajomulco de Zúñiga Municipality, Jalisco State.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2025.
3. Corregidora Cable Manufacturing Plant
The project involves the construction of a manufacturing plant in the Industrialix Park in Corregidora, Querétaro.
Construction work started in Q3 2024 and is forecast to complete in Q4 2027.
4. Apodaca Rearview Mirrors Manufacturing Plant
The project involves the construction of an automotive parts manufacturing plant in Apodaca, Nuevo Leon.
Construction work commenced in Q3 2024 and is expected to be completed in Q2 2025.
5. Queretaro Overhead Aircraft Compartment Manufacturing Plant
The project involves the construction of an overhead aircraft compartment manufacturing plant in Querétaro.
Construction work started in Q3 2024 and is expected to be completed in Q2 2025.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
