This report provides detailed market analysis, information and insights into the Chinese construction market, including:
- The Chinese construction market’s growth prospects by sector, project type and type of construction activity
- Analysis of equipment, material and service costs across each project type within China
- Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Chinese construction market
- Assessment of the competitive forces facing the construction industry in China and profiles of the leading players
- Profiles of the ten largest construction projects in China
China holds a significant position among the emerging economies due to its fast-growing manufacturing industries, availability of cheap labor and rapidly growing construction industry. The country has attracted a considerable amount of foreign direct investment (FDI) which helped the construction industry to achieve a review-period CAGR of 23.24%. In 2011, the Chinese construction industry valued CNY11.8 trillion (US$1.8 trillion), having risen from CNY5.1 trillion (US$0.7 trillion) in 2007. This robust growth in the review period was driven by the government’s eleventh five-year plan (2006–2011), which allocated CNY3.3 trillion (US$0.5 trillion) to infrastructure development. The hosting of the Olympic Games in 2008 was another revenue source for China’s growing construction industry, enabling the overall industry to withstand the global financial crisis of 2009 and record consistent double-digit growth during the review period. With China’s thriving economy, its construction industry is anticipated to achieve a CAGR of 13.68% over the forecast period.
This report provides a comprehensive analysis of the construction industry in China:
- Historical (2007-2011) and forecast (2012-2016) valuations of the construction market in China using the construction output and value-add methods
- Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
- Analysis of key construction industry issues, including regulation, cost management, funding and pricing
- Assessment of the competitive environment using Porter’s Five Forces
- Detailed profiles of the leading construction companies in China
- Profiles of the top ten construction mega-projects in China by value
Reasons To Buy
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level via 600+ time series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies by leveraging our critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
- The government of China plans to invest CNY7.0 trillion (US$1.03 trillion) in infrastructure during 2011–2015, which will drive construction industry growth over the forecast period.
- In the latest five year plan (2012–2017), plans to build 36 million housing units were announced. In 2011, there was a target to built ten million units, which was a part of the government's plan to construct affordable housing units to accommodate 20% of the urban population by the end of 2017.
- It is estimated by the Ministry of Human Resource and Social Security that the minimum wage of the country will increase at an average of 13% per year until 2016. Moreover, high inflation is another factor contributing to the rising input costs for construction companies.
- The presence of global companies in the Chinese construction industry has brought in more advanced technical know-how into the industry, which has added to competition in the domestic market.