Construction in Hong Kong Market is set to Fly High Growth in Years to Come

A new research document is added in HTF MI database of 50 pages, titled as 'Construction in Hong Kong - Key Trends and Opportunities to 2025 (H2 2021)’ with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention. The market Study is segmented by key a region that is accelerating the marketization.

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Summary
The downturn in Hong Kong’s construction industry in 2020 followed three years of successive contractions of real output, with political uncertainty and widespread social unrest hampering activity in the sector. In 2020, disruption due to the Coronavirus (COVID-19) pandemic, as well as subsequent lockdown measures and tensions as a result of continued political intervention from China, further exacerbated the challenges faced by the industry. According to the Census and Statistics Department (C&SD), the value-add of the construction industry declined in the first quarter of 2021, falling by 3% year on year (YoY) - its 10th consecutive quarterly decline on a Y-o-Y basis since the fourth quarter of 2018.

The construction industry is forecast to record growth of 3.3% in real terms in 2021, owing to the global economic recovery and the government's investment in infrastructure projects to stimulate economic growth. The commitment of government initiatives and new strategies to the travel and tourism sector will support commercial construction output over the forecast period. The government's HKD1.1 billion (US$146.8 million) of short- and medium-to-long-term initiatives will help to soften the impact of the sharp decrease in travel and tourism. In the 2021-2022 Budget, the government increased its expenditure on infrastructure by 8.9%, with spending rising from HKD77.3 billion (US$10 billion) in 2020-2021 to HKD84.1 billion (US$10.8 billion).

The construction industry is projected to record an average annual growth rate of 2% in real terms between 2022 and 2025, supported by the government's attempts to stimulate economic growth, as well as public and private sector investments in industrial, institutional and energy and utility building projects. Growth will be further supported by the government-established HKD5 billion (US$644.9 million) funding scheme to promote the construction of transitional housing, in an attempt to improve affordability in what is the most unaffordable city globally.

Key risks associated with Hong Kong’s construction industry outlook include a worsening political crisis, following China’s decision to implement new national security laws for Hong Kong, and the subsequent decision by the US to remove Hong Kong’s special status. The US government’s trade war with China and the removal of Hong Kong’s special status is expected to decrease investment in the construction industry.

HTF MI Construction in Hong Kong - Key Trends and Opportunities to 2025 (H2 2021) 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 (2016-2020) and forecast (2021-2025) 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 HTF MI'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 HTF MI's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

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Table of Contents
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 COVID-19 Status
3.5 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
....Continued

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