China Construction Industry | Market Opportunity, Industry Dynamics, Key Trends and Growth Drivers | City Level Insights | Market Size and Forecast Across 40+ Construction Segments for A Period Of 10 Years

While the coronavirus outbreak severely impacted the Chinese construction industry in the first quarter of 2020, the resumption of construction activities picked up pace in the second quarter. After China emerged from the pandemic in March, the government of China introduced a program including a series of fiscal stimulus for constructing roads, bridges, broadband, utilities, and railroads across the country. Consequently, the prices of metals including nickel, copper, iron ore, zinc, and others that are used to build infrastructure increased.

While the construction output recorded a lower than previously predicted growth in 2020, it is forecast to rebound sharply in 2021. Moreover, China is on its way to becoming the largest single construction industry over the next decade.

With the government pumping the money into the economy, the ConsTrack360 expects the GDP growth to remain steady over the forecast period. This will be supported by increased government spending in the construction sector in China. The increased spending in the construction industry is also reflected in the fact that the sales of construction equipment have surged in China.

With the Chinese government cutting the availability of mortgage loans to consumers, the sector is expected to be impacted going forward. To make consumers spend more rather than repaying debt, the policymakers are seeking to drive recovery by cutting the availability of mortgage loans. As a result, it is expected the prices of residential construction will remain stable in the near-term.

The commercial construction sector in China is also recovering post-pandemic. With national and regional governments pumping money into commercial construction, the outlook for 2021 remains positive. In Guangdong, the regional officials are planning to pump approximately US$100 billion on public medical facilities, among other infrastructure construction activities.
The rising wages are also expected to boost consumer spending behavior in China. Thus, demand will spur for a range of services including education and entertainment, which subsequently will create demand for facility construction in the country.

The post-pandemic recovery is supported because of the surge in infrastructure spending from the Chinese government. Thus, offering a positive outlook for the construction sector in 2021. Moreover, the state railway operator in China intends to double the size of its high-speed railway network, over the next fifteen years. Thus, supporting the growth of its infrastructure construction sector.

According to ConsTrack360's Q4 2020 Global Construction Survey, construction industry in China is expected to grow by 12.4% to reach US$ 1355314.5 million in 2021. Despite near-term challenges in certain construction sectors, medium to long term growth story in China remains intact. The construction industry in China is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 6.4% during 2021-2025. The construction output in the country is expected to reach US$ 1737386.8 million by 2025.

This report from ConsTrack360 provides data and trend analyses on construction industry in China, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

Scope
Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in China. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units

China Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Housing type (multi family, single family)
• Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Price point / income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)

China Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Green building by Price point / income level (luxury, mid-tier, affordable)

China Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Construction stage (new construction, re-development & maintenance)

China Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction

China Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
China Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare construction
• Educational construction
• Public sector
• construction stage (new construction, re-development & maintenance)

China Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare green building construction
• Educational green building construction

China Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)
• China Green Infrastructure Construction: 10- year market size & forecast in value terms

To get detailed insights and FREE sample report please click here @ https://www.constrack360.com/reportstore/view/China-Construction-Industry-Databook-Series-3733

Reasons to Purchase
• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in China.

• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period

• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.

• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.

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With over 100,000 data points and 300+ reports, we help clients gain actionable insights across 50 countries, which directly impact revenues. For more information, please visit our website www.constrack360.com or email us at info@constrack360.com

This release was published on openPR.