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Heavy Engineering Construction in New Mexico

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NM23799

Heavy Engineering Construction in New Mexico industry analysis

The Heavy Engineering Construction industry in New Mexico is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has increased an annualized x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase % to $x.x million.

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About the Heavy Engineering Construction in New Mexico Market Research Report

What’s Included in the Heavy Engineering Construction in New Mexico Market Research Report

Definition of the Heavy Engineering Construction in New Mexico?

Operators in this industry are primarily engaged in heavy and engineering construction projects, with the exception of highway, street, bridge and airport construction. Work performed includes new work, reconstruction, rehabilitation and repairs. The industry also includes specialty trade contractors, if they are primarily active in activities related to engineering construction projects. Construction projects include waterworks, marine facilities development and open space improvement.

What’s included in the Heavy Engineering Construction in New Mexico?

The Heavy Engineering Construction in New Mexico includes marine construction and repair, mass transit and railroad construction, harbor and port facility construction and repair, conservation and development construction, outdoor recreational area development and construction, hydroelectric plant construction, power plant construction and tunnel construction. Related terms covered in the Heavy Engineering Construction in New Mexico industry report includes transportation systems designed to move large volumes of individuals at the same time, the act of preserving or protecting natural resources and lands and substances obtained through the refining and processing of petroleum or natural gas.

Industry Performance of the Heavy Engineering Construction industry in New Mexico

Benchmark the Heavy Engineering Construction in New Mexico industry performance with all NM county and national performance.

Heavy Engineering Construction in New Mexico

#45 in Highest Revenue 0.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Heavy Engineering Construction in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Heavy Engineering Construction industry in New Mexico

See how key industry drivers, such as house price index, newly issued building permits, private investment in non-residential construction, federal funding for transportation, local and state government investment and value of private nonresidential construction are impacting Heavy Engineering Construction in New Mexico

New Mexico Economic Indicators

House Price Index
Newly issued building permits
Private Investment in Non-Residential Construction

View more economic information in NM State Economic profile

US Key External Drivers

Federal funding for transportation
Local and state government investment
Value of private nonresidential construction

For the full list of industry drivers, see report purchase options.

County Data of the Heavy Engineering Construction industry in New Mexico

Access proprietary data on county in the Heavy Engineering Construction in New Mexico, such as Bernalillo County, Eddy County and San Juan County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Heavy Engineering Construction industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Heavy Engineering Construction industry in New Mexico in 2025?

The market size of the Heavy Engineering Construction industry in New Mexico is $38.9m in 2025.

How many businesses are there in the Heavy Engineering Construction industry in New Mexico in 2025?

There are 32 businesses in the Heavy Engineering Construction industry in New Mexico, which has been declining at an average annual rate of -11.5% from 2020 to 2025.

Has the Heavy Engineering Construction industry in New Mexico grown or declined over the past 5 years?

The market size of the Heavy Engineering Construction industry in New Mexico has been declining at an average annual rate of -0.3% from 2020 to 2025.

How many employees in the Heavy Engineering Construction industry in New Mexico in 2025?

There are 236 employees in the Heavy Engineering Construction industry in New Mexico, which has been growing at an average annual rate of 2.0% from 2020 to 2025.