.png)
7 months ago
6
ARTICLE AD BOX
DUBLIN–(BUSINESS WIRE)–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
Scope
- 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
Reasons to Buy
- 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
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/544l9f
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
The content is by Business Wire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.
The post China Construction Industry Report 2024: Market to Expand by 4% in Real-Terms this Year, Driven by Infrastructure, Energy and Utilities Construction – Forecasts to 2028 – ResearchAndMarkets.com appeared first on Headlines of Today.
English (US)