The Mexico construction equipment market size by volume was valued at 29,323 units in 2023 and is expected to reach 36,183 units by 2029, growing at a CAGR of 3.57%

The Mexico heavy construction equipment market size is projected to grow at a CAGR of 3.30% between 2025 and 2034. The market is being driven by the robust growth of the construction sector in Mexico.

This statistic shows the revenue of the industry “Construction machinery and equipment manufacturing“ in Mexico from 2012 to 2018, with a forecast to 2024. It is projected that the revenue of Construction machinery and equipment manufacturing in Mexico will amount to approximately 0,5 billion U.S. Dollars by 2024.

Mexico's Earth Moving Construction Equipment market expects over 4% CAGR from 2024 to 2029, fueled by expanding construction activities and infrastructure projects driving market g

The price of manufacturing construction machinery and equipment in Mexico fell by over five percent in 2023. That came after the producer prices of that type of product increased by 5.91 percent. Throughout the past decade, the cost of producing construction machinery has fluctuated a lot, but it is much higher than it was in 2005.

Mexico Construction Equipment Rental Market focuses on the provision of construction machinery and equipment on a rental basis.

Mexico Construction equipment Rental market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

Mexico Construction Equipment Tire Market focuses on the development of specialized tires designed for construction machinery.

The Construction Machinery Manufacturing industry in Mexico consists of operators primarily engaged in the production of equipment used in residential, nonresidential and general infrastructure construction activities. These products typically include power cranes, wheel and crawler tractors, mixers, compactors and other various tools and machinery. Over the five years to 2019, positive macroeconomic trends in the Mexican economy have helped enhance construction activity within the country. As a result, domestic consumers have been increasingly requiring industry-produced goods. Unfortunately, domestic markets account for a mere 8.1% of total industry revenue with over 90.0% of goods sold to foreign companies. Despite a general appreciation of the peso relative to the US dollar, exports have been plagued during the five-year period. While slightly recovering in recent years, this overall decline was largely the result of former industry operators exiting the industry. Many of these companies decided to relocate operations to the US or elsewhere, which decreased the volume and value of industry goods to export. Overall exports are expected to decline an annualized 5.9% during the five-year period to MXN $7.2 billion. This decline is the major cause and largely mirrors the decline in industry revenue during this time. During the five-year period, industry-relevant revenue is expected to decline an annualized 5.8% to MXN $7.8 billion, including an estimated 15.6% drop in 2019 alone. While the exchange rate has not bolstered exports, it has helped reduce import competition. Total value of imports is expected to decline 12.5% over the five years to 2019, falling to MXN $1.9 billion.

The gross value added (GVA) of manufacturing equipment and machinery for agriculture, mining, and construction fell slightly in Mexico in 2024. That came after the GVA of that segment of the manufacturing industry peaked at ** billion current Mexican pesos. Despite some fluctuations, the farming, mining, and construction equipment industry in Mexico has been growing during the past decades.

Latin America construction equipment market size was valued at 119,270 units in 2023 and is expected to reach 145,985 units by 2029, growing at a CAGR of 3.43%.

Mexico’s Land Surveying Equipment Market will add over USD 50 million (2025–30), supported by rising construction and renewable energy projects.

Due to favorable trade conditions with the United States and growing demand from domestic downstream markets, the Other General Purpose Machinery Manufacturing industry in Mexico has performed strongly over the five years to 2019. Operators in this industry are primarily engaged in the manufacturing of machinery used for construction and manufacturing, such as pump systems, cranes, hoists, elevators, welding and packaging equipment, power tools and a variety of filters and tools. The diversity of products produced by industry operators has led to a sizeable range of customers from a vast source of downstream industries. However, while an improving economy helps bolster demand from domestic customers, the major source of industry revenue stems from the United States. In 2019, exports to the United States are expected to account for more than 75.0% of all industry revenue. The rise of exports to the United States and increasing domestic demand has promoted growth in the industry. Over the five years to 2019, industry revenue is expected to grow an annualized 3.4% to MXN $52.0 billion, including expected growth of 2.1% in 2019 alone as the values of residential and nonresidential construction grow.

North America High & Heavy Cargo Market size was valued at USD 14.32 Billion in 2024 and is projected to reach USD 19.87 Billion by 2032, growing at a CAGR of 4.2% from 2026 to 2032.

North America High & Heavy Cargo Market Drivers

Infrastructure Development and Investment: Massive infrastructure projects across North America, including road construction, bridge building, renewable energy installations (wind turbines, solar farms), and pipeline projects, require the transportation of large and heavy equipment and materials. Government investments in these sectors further fuel this demand. Growth in Industrial Activity: Expansion in key industries such as manufacturing, mining, oil & gas, and construction necessitates the movement of heavy machinery, industrial equipment, and raw materials. Increasing Trade Activities: Both domestic and international trade, especially cross-border trade between the US, Canada, and Mexico, drive the need for efficient transportation of high and heavy cargo. Technological Advancements in Logistics: Innovations in transportation equipment, lifting technologies, and route planning software are improving the efficiency and safety of high and heavy cargo transport. This includes the development of specialized trailers, cranes, and real-time tracking systems.

Access North America Heavy Equipment Maintenance Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Type, Application, Distribution Channel

In Mexico Hydraulic Elevators Market, It is mostly used in industrial and manufacturing settings for moving heavy equipment and goods between floors.