Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "China Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The Chinese construction industry is expected to expand by 4% in real terms in 2024, driven by infrastructure and energy and utilities construction. According to the National Bureau of Statistics (NBS), the construction industry's business activity index increased to a score of 56.9 in December 2023, up from scores of 55 in November and 53.5 in October 2023, indicating robust activity in the industry as scores above 50 represent growth.
In addition, 25 of 31 Chinese provinces recorded Y-o-Y growth in construction output in 2023, with Tibet registering growth of 12.3%, output in Liaoning increasing by 9.9%, and output in Xinjiang and Guangdong expanding by 9.8%. However, continued weakness in the real estate sector will limit the industry's output in the short to medium term. According to the NBS, investment in real estate development fell by 9.6% in 2023, with the floor space of projects under construction falling by 7.2% and the floor area of new project starts declining by 20.4%.
The construction industry is expected to record an average annual growth rate of 3.9% between 2025 and 2028, supported by investment in infrastructure projects as part of the 14th Five-Year Plan (FYP) (2021-2025). The plan has 20 quantitative targets under five categories: economic development; innovation; people's well-being; green development; and food and energy security. Further support will be provided by the government's plan to invest CNY92.4 trillion ($13.8 trillion) by 2060 for green power transformation and to achieve net-zero emissions of greenhouse gases by 2060
The 'Construction in China - Key Trends and Opportunities to 2028' report provides detailed market analysis, information and insights into China's construction industry, including:
- China's construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in China's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
This report provides a comprehensive analysis of the construction industry in China. It provides:
- Historical (2019-2023) and forecast (2024-2028) 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
Key benefits:
- Identify and evaluate market opportunities using the publisher'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 the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
4.8 Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
For more information about this report visit https://www.researchandmarkets.com/r/hvwru4
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