Mexico Road Construction & Maintenance Market Size, Share, Competitive Insights, Precise Outlook, and Forecasts 2023-2030 | According to RationalStat

The Mexico road construction & maintenance market is projected to reach US$ 296.6 billion by 2030, at a CAGR of 6.8%.

Wilmington, Delaware, Oct. 11, 2023 (GLOBE NEWSWIRE) —

Competition Analysis and Market Structure

Some of the prominent players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the Mexico Road Construction & Maintenance market include,

• In October 2023, Grupo México, a Mexican construction company, acquired ICA, another Mexican construction company, for US$ 3.8 billion. This deal was the largest merger in the Mexican construction industry in history.
• In September 2023, Grupo México partnered with Blackstone, a global investment firm, to invest US$ 1 billion in the development of new toll roads in Mexico.

Some of the prominent players and suppliers operating and contributing significantly to the Mexico Road Construction & Maintenance market growth include Empresas ICA, Elementia, Grupo Carso, Cemex, Impulsora del Desarrollo y el Empleo en América Latina (IDEAL), Consorcio Constructor de Obras del Sureste, Grupo Tribasa, Promotora y Desarrolladora Mexicana, (Prodemex), Omega Construcciones Industriales, and Constructora y Pavimentadora Vise, among others.

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RationalStat has segmented the Mexico Road Construction & Maintenance market based on type, application, region

• Mexico Road Construction & Maintenance Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type
  • Highways
  • Street
  • Bridges
  • Others
• Mexico Road Construction & Maintenance Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application
  • New Construction
  • Reconstruction
  • Repair
• Mexico Road Construction & Maintenance Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
  • Northern Mexico
  • Central Mexico
  • Southern Mexico

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Key Questions Answered in the Road Construction & Maintenance Report:

• What will be the market value of the Mexico Road Construction & Maintenance market by 2030?
• What is the market size of the Mexico Road Construction & Maintenance market?
• What are the market drivers of the Mexico Road Construction & Maintenance market?
• What are the key trends in the Mexico Road Construction & Maintenance market?
• Which is the leading region in the Mexico Road Construction & Maintenance market?
• What are the major companies operating in the Mexico Road Construction & Maintenance market?
• What are the market shares by key segments in the Mexico Road Construction & Maintenance market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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