London, 11 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the construction market in Mexico 2015-2019, which is expected to grow at a CAGR of 12.10 % during the forecast period of 2014-2019.
Mexico is currently focusing on infrastructural developments to cater to the needs of the growing urban population. There has been an increased demand for advanced public infrastructure and transportation services.
“Developing economies worldwide are increasingly adopting the public-private partnership (PPP) model to develop social and economic infrastructure. Mexico is doing this to overcome the deficit in financing infrastructure projects for roads, railways, bridges and power plants,” says Faisal Ghaus, Vice President of Technavio.
“The government passed a law on PPP in 2012, which was revised in 2014. The law aims to implement a framework for PPP projects in infrastructure construction, for better cooperation between federal agencies and the private companies involved.”
Key Market Drivers
- Increased Investment in Infrastructure Development
- New Government Housing Policy
- Growth of Tourism Industry
Key Market Trends
- Increased Adoption of PPP Model
- Construction of Energy-efficient Buildings
- Increased Investment in Power Sector
Key Market Vendors
- COPACHISA
- EMICA
- Grupo Mexico
- Samsung Engineering
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
