Construction Market to see Ongoing Evolution in Hong Kong During 2020 to 2024

A qualitative research study accomplished by HTF MI titled "Construction in Hong Kong - Key Trends and Opportunities to 2024 covers detailed Product / Industry Scope, current and future market size scenario and elaborates outlook and status to 2025" provides primary data, studies and vendor briefings. The market Study is segmented by key regions along with country level break-up which is accelerating the marketization and by products type, application/end-users. The research study provides estimates for Construction in Hong Kong - Key Trends and Opportunities forecast till 2024.

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Summary
Construction in Hong Kong - Key Trends and Opportunities to 2024

HTF Market Intelligence released a new research report of 50 pages on title 'Construction in Hong Kong - Key Trends and Opportunities to 2024' with detailed analysis, forecast and strategies.
Hong Kong's construction industry suffered a downturn for a third year in a row in 2019, when it contracted by 12.9% in real terms, preceded by annual declines of 0.7% and 3.9% in 2017 and 2018 respectively. Although the local protests have contributed to the worsening performance, given the impact on investor confidence, Hong Kong's construction industry had already been struggling amid a general slowdown in residential construction, and a sharp drop in transport infrastructure works.

Amid the anti-government protests and the disruption caused by outbreak of the coronavirus in China in January, there is not expected to be a rapid rebound in construction works. Other key risks associated with Hong Kong's construction industry outlook include the China-US trade war, which is expected to impact Hong Kong's economy and have an adverse impact on construction spending. Furthermore, volatility in Hong Kong's stock market, a decline in wage growth and weakness in asset prices are expected to continue to hamper the growth of the residential construction market over the forecast period. Consequently, the country's construction industry is expected to contract by 3% in real terms in 2020.

Over the remaining part of the forecast period, however, the industry is expected to recover, mainly due to the government's efforts to stimulate economic growth, and public and private sector investments in commercial, residential and infrastructure construction projects. To support economic growth and increase the country's competitiveness, the government plans to invest HKD1 trillion (US$127.6 billion) in infrastructure by 2028-2029. In addition, the government's aim to improve local energy resources is expected to support investment in energy infrastructure projects, which will in turn fuel growth in the industry.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 1.58% over the forecast period (2020-2024).

Global Data's Construction in Hong Kong - Key Trends and Opportunities to 2024 report provides detailed market analysis, information and insights into Hong Kong's construction industry, including -
- Hong Kong'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 Hong Kong'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.

Scope

This report provides a comprehensive analysis of the construction industry in Hong Kong. It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Hong Kong, 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 Global Data'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 Global Data's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

Companies Mentioned in the Report

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Table of Contents
1 Executive Summary
2 Construction Outlook: At-a-glance
3 Key Drivers and Risks
3.1. Economic Performance
3.2. Political Environment
3.3. Demographics
3.4. Risk Profile
4 Construction Outlook
4.1. All Construction
4.1.1. Outlook
4.1.2. Project analytics
4.2. Commercial Construction
4.2.1. Outlook
4.2.2. Project analytics
4.3. Industrial Construction
4.3.1. Outlook
4.3.2. Project analytics
4.4. Infrastructure Construction
4.4.1. Outlook
4.4.2. Project analytics
4.5. Energy and Utilities Construction
4.5.1. Outlook
4.5.2. Project analytics
4.6. Institutional Construction
4.6.1. Outlook
4.6.2. Project analytics
4.7. Residential Construction
4.7.1. Outlook
4.7.2. Project analytics
5 Key Industry Participants
5.1. Contractors
5.2. Consultants
6 Appendix
6.1. What is this Report About?
6.2. Definitions
7 About GlobalData
7.1. GlobalData at a Glance
7.2. GlobalData Construction
7.3. Disclaimer
7.4. Contact UsList of Tables

Table 1: Construction Outlook
Table 2: Hong Kong, Key Economic Indicators
Table 3: Hong Kong, Construction Output Value (Real, US$ Million)
Table 4: Hong Kong, Construction Output Value (Nominal, HKD Million)
Table 5: Hong Kong, Top Commercial Construction Projects by Value
Table 6: Hong Kong, Top Industrial Construction Projects by Value
Table 7: Hong Kong, Top Infrastructure Construction Projects by Value
Table 8: Hong Kong, Top Energy and Utilities Construction Projects by Value
Table 9: Hong Kong, Top Institutional Construction Projects by Value
Table 10: Hong Kong, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Hong Kong, Key Contractors
Table 12: Hong Kong, Key Consultants
Table 13: Global Data Construction Market Definitions
Table 14: Construction Risk Index Ratings and ScoresList of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Hong Kong, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Hong Kong, Risk Profile
Figure 4: Hong Kong, Risk Comparison Review
Figure 5: Hong Kong, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 6: Hong Kong, Construction Output Value, Growth Matrix
Figure 7: Hong Kong, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 8: Hong Kong, Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
Figure 9: Hong Kong, Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 10: Hong Kong, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 11: Hong Kong, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 12: Hong Kong, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
Figure 13: Hong Kong, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 14: Hong Kong, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: Hong Kong, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
Figure 16: Hong Kong, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 17: Hong Kong, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 18: Hong Kong, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
Figure 19: Hong Kong, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 20: Hong Kong, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: Hong Kong, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
Figure 22: Hong Kong, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 23: Hong Kong, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 24: Hong Kong, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
Figure 25: Hong Kong, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 26: Hong Kong, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 27: Hong Kong, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
Figure 28: Hong Kong, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 29: Hong Kong, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 30: Hong Kong, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 31: Hong Kong, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

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