The output value of construction installation in China is projected to rise consistently from 2024 to 2028, starting at 17.35 hundred billion Yuan Renminbi in 2024 and reaching 20.23 hundred billion Yuan Renminbi by 2028. Compared to 2023, where the value stood at 16.52 hundred billion Yuan Renminbi, there is a noticeable year-on-year growth highlighting significant momentum in the sector. Growth year-on-year from 2024 to 2025 is approximately 4.2%, from 2025 to 2026 is around 4.0%, from 2026 to 2027 is about 3.8%, and from 2027 to 2028 is close to 3.7%. This equates to a compound annual growth rate (CAGR) of 4.1% for the period 2024 to 2028.
Trends to watch for in the coming years include advancements in construction technology and increased urbanization, which may further drive growth. Additionally, regulatory changes and investments in infrastructure could have considerable impacts on this sector.
