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 automotive construction projects that commenced in Mexico in Q2 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
1. San Luis Potosi Electric Vehicle Manufacturing Facility
The project involves the construction of an electric vehicle (EV) manufacturing facilities on an 85,000m2 area with a projected capacity of 175,000 vehicles in San Luis Potosí.
Construction work started in Q2 2024 and is expected to be completed in Q4 2026.
The aim of the project is to increase production capacity to meet the growing demand for EVs and to help to reduce greenhouse gas emissions in the region. It will create 1,000 jobs. Buy the profile here.
2. Aztema Rubber & Tire Manufacturing Plant
The project involves the construction of a tire manufacturing plant with a production capacity of six million units per annum in Leon, Guanajuato.
Construction work commenced in Q2 2024 and is expected to finish in Q1 2025.
This plant would be the group’s first manufacturing plant in North America. Buy the profile here.
3. Coahuila Car Tire Manufacturing Plant
The project involves the construction of a car tire manufacturing plant on 61ha of land with a production capacity of five million tires per annum in Saltillo Alianza Industrial Park, Saltillo, Coahuila.
Construction work started in Q2 2024 and is forecast to complete in Q1 2027.
4. Electric Motor and Vehicle Engines Manufacturing Plant
The project involves the construction of a manufacturing plant in Escobedo, Nuevo Leon.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2026.
5. El Salto Motorcycle Manufacturing Plant
The project involves the construction of a motorcycle manufacturing facilities with a capacity of 500,000 motorcycles per year in El Salto Municipality, Guadalajara.
Construction work started in Q2 2024 and is expected to be completed in Q4 2025.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
