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Market Research Report

Construction in China - Key Trends and Opportunities to 2023

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Published Content info 50 Pages
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Construction in China - Key Trends and Opportunities to 2023
Published: November 4, 2019 Content info: 50 Pages
Description

China's construction industry is expected to expand at a relatively slower pace over the forecast period (2019-2023), as the government steadily shifts away from a policy of driving economic growth by investing huge sums in infrastructure developments. The heady days of double-digit growth in China's construction industry have long gone, with the authorities reining in excessive debt-driven investment in infrastructure and urban development.

The construction industry in China grew by 4.5% in real terms in 2018, up marginally from 4.3% in 2017; increasing from US$3.2 trillion in 2017 to US$3.3 trillion in 2018, measured at constant 2017 US dollar exchange rates. This growth was driven by investment in real estate and an increase in fixed asset investment. In 2018, fixed-asset investment grew by 5.9% compared to 2017, and the National Development and Reform Commission (NRDC) approved 189 fixed-asset investment projects, particularly in the energy, transport and water infrastructure sectors.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.54% over the forecast period, compared to 5.69% during the review period. The industry is consequently expected to rise from a value of US$3.3 trillion in 2018 to US$4.1 trillion in 2023, measured at constant 2017 US dollar exchange rates.

Residential construction was the largest market in the Chinese construction industry during the review period, accounting for 48.4% of its total value in 2018. The market is expected to account for 43.3% of the industry's total value in 2023. Infrastructure construction accounted for 15.6% of the industry's total output in 2018, followed by energy and utilities construction with 14.1%, commercial construction with 10.9%, industrial construction with 6.5% and institutional construction with 4.6%.

The total construction project pipeline in China including all mega projects with a value above US$25 million - stands at CNY21.4 trillion (US$3.2 trillion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 77.4% of the pipeline value being in projects in the pre-execution and execution stages as of November 2019.

The report "Construction in China - Key Trends and Opportunities to 2023" provides detailed market analysis, information and insights into the Chinese construction industry, including -

  • Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in China, featuring details of key growth drivers
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline
  • Listings of major projects, in addition to details of leading contractors and consultants

Scope

This report provides a comprehensive analysis of the construction industry in China. It provides -

  • Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in China, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to buy

  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Table of Contents
Product Code: GDCN0497MR

Table of Contents

1 Executive Summary

2 Construction Outlook: At-a-glance

3 Latest News and Indicators

4 Key Drivers and Risks

  • 4.1. Economic Performance
  • 4.2. Political Environment
  • 4.3. Demographics
  • 4.4. Risk Profile

5 Construction Outlook

  • 5.1. All Construction
    • 5.1.1. Outlook
    • 5.1.2. Project analytics
  • 5.2. Commercial Construction
    • 5.2.1. Outlook
    • 5.2.2. Project analytics
  • 5.3. Industrial Construction
    • 5.3.1. Outlook
    • 5.3.2. Project analytics
  • 5.4. Infrastructure Construction
    • 5.4.1. Outlook
    • 5.4.2. Project analytics
  • 5.5. Energy and Utilities Construction
    • 5.5.1. Outlook
    • 5.5.2. Project analytics
  • 5.6. Institutional Construction
    • 5.6.1. Outlook
    • 5.6.2. Project analytics
  • 5.7. Residential Construction
    • 5.7.1. Outlook
    • 5.7.2. Project analytics

6 Key Industry Participants

  • 6.1. Contractors
  • 6.2. Consultants

7 Appendix

  • 7.1. What is this Report About?
  • 7.2. Definitions

8 About GlobalData

  • 8.1. GlobalData at a Glance
  • 8.2. GlobalData Construction
  • 8.3. Disclaimer
  • 8.4. Contact Us

List of Tables

  • Table 1: Construction Outlook
  • Table 2: China, Key Economic Indicators
  • Table 3: China, Construction Output Value (nominal, CNY Billion)
  • Table 4: China, Construction Output Value (nominal, US$ Billion)
  • Table 5: China, Top Commercial Construct

List of Figures

  • Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
  • Figure 2: China, Construction Projects Pipeline by Sector CNY Billion
  • Figure 3: China, Value of New Contracts Signed by Construction Enterprises (CNY Billion)
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