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Growth of Chinese Construction Industry Driven by Private Sector Participation Forecast to 2018 Report Available at RnRMarketResearch.com
  • USA - English


News provided by

RnR Market Research

Jul 31, 2014, 00:30 ET

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Dallas, Texas (PRWEB) July 31, 2014 -- The Chinese construction industry recorded a nominal CAGR of 19.99% during the review period (2009–2013). This growth was supported by public investments in infrastructure, residential and industrial construction. The participation of the private sector through public-private partnerships (PPPs) also helped to boost construction activity in the country. Over the forecast period (2014–2018), the growth will be supported by the expanding economy and increased government spending on public infrastructure. The infrastructure and residential markets collectively accounted for 72.3% of the total construction industry in 2013, and are expected to grow over the forecast period due to increased public investment, urbanization and the strong demand for housing. The construction industry’s output is expected to record a CAGR of 9.72% over the forecast period.

Complete Report Details at http://www.rnrmarketresearch.com/construction-in-china-key-trends-and-opportunities-to-2018-market-report.html.

In nominal terms, the total construction value add in China reached CNY3.9 trillion (US$628.7 billion) in 2013, after registering a nominal CAGR of 17.67% during the review period. The value add for Chinese construction industry is projected to reach CNY6.1 trillion (US$942.3 billion) in 2018 and record a nominal CAGR of 9.36% over the forecast period, driven by increases in fixed assets investment. According to the latest data from the National Bureau of Statistics of China (NBSC), the investment in fixed assets increased by 20.3%, from CNY311.5 billion (US$48.2 billion) in 2011 to CNY374.7 billion (US$59.4 billion) in 2012.

Company Profile in China Construction Industry:
• China State Construction Engineering Corporation Ltd
• China Railway Construction Corporation Ltd
• CITIC Group Corporation
• China Communications Construction Company Ltd
• China Railway Group Ltd

Order a purchase copy at http://www.rnrmarketresearch.com/contacts/purchase?rname=194789.

The residential construction market will be supported by government-led affordable housing projects. In 2013, 4.7 million housing units completed, and the construction of 6.3 million affordable housing units began. At the end of 2013, the government announced plans to spend CNY115.8 billion (US$18.8 billion) to build affordable housing units in 2014. The plan includes subsidies for public rental departments, low-rent housing, and the renovation of shanty towns. The plan also aims to attract private investment to finance new projects.

One of the most ambitious infrastructure-development projects is the China–Russia–Canada–America line. It includes a 13,000km rail line, starting from the north-east of China passing through Russia underneath the Pacific Ocean, and finally connecting the continental US via Alaska and Canada. The estimated budget and time taken for the construction of the high speed-rail network to the US have not been announced, and there is still some skepticism over whether the project will actually go ahead.

To improve trade competitiveness and cope with the rising urban population, the government is focusing more on infrastructure development. Urban residents accounted for 53.7% of the total population in 2013 and this share is expected to increase to 60.0% by 2020. In its 2014 rail budget, China Railways Corp increased its budget from CNY700.0 billion (US$112.8 billion) in 2013 to CNY720.0 billion (US$116.0 billion) in 2014. It includes 48 new projects and the opening of 7,000km of new rail lines in 2014.

There was strong demand in the residential construction market during the review period, as evident from the growth in housing sales during the period. According to the NBSC, the value of house sales in China increased by 11.0% in 2012 as compared to 2011 and increased further by 27.0% in 2013. The total sales value increased from CNY5.4 trillion (US$855.3 billion) in 2012 to CNY6.8 trillion (US$1.1 trillion) in 2013, before by 7.7% in the first quarter of 2014. The slowdown was largely influenced by the tight lending conditions by the government, with some banks halting all mortgage lending.

This report provides detailed market analysis, information and insights into the Chinese construction industry including:
• The Chinese construction industry's growth prospects by market, project type and type of construction activity
• Analysis of equipment, material and service costs across each project type within China
• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Chinese construction industry
• Profiles of the leading operators in the Chinese construction industry.
• Data highlights of the largest construction projects in China

Explore more reports on Construction industry at http://www.rnrmarketresearch.com/reports/manufacturing-construction/construction .

About Us:
RnRMarketResearch.com is your one-stop online shop for syndicated industry research reports on 25+ categories and their sub-sectors. We bring to you to the latest in market research across multiple industries and geographies from leading research publishers across the globe.

Ritesh Tiwari, RnR Market Research, http://www.rnrmarketresearch.com/, +1 (888) 391-5441, [email protected]

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