The urbanization of China’s second-tier cities will support future growth.
San Francisco, CA (PRWEB) August 17, 2013
Over the past five years, revenue for the Building Completion and Interior Design industry in China has been increasing at an annualized rate of 10.3% to $488.6 billion in 2013, says IBISWorld. Household and public building completion and decoration services are the industry's major service segments, with curtain wall decoration accounting for only a small proportion of industry revenue. Design services are a relatively new revenue source for the industry.
China's household disposable income levels continue to rise, resulting in increased expenditure on private home renovations and interior decoration. China's ongoing urbanization process also stimulates demand for the industry, with many government buildings being constructed in second-tier cities.
Most of the companies in the Building Completion and Interior Design industry are privately owned and small in scale. The four largest industry participants – Gold Mantis Construction Decoration, Zhejiang Yasha Decoration, Shenzhen Grandland Decoration Group, and China State Construction Engineering Corporation – account for just 1.6% of industry revenue in 2013, says IBISWorld.
Industry concentration varies across different service segments, however. The public building completion and decoration segment is more concentrated because it generally has higher requirements for design and construction skills. The majority of small companies in this industry focus on household decoration and completion projects in local markets, says IBISWorld.
For more information, visit IBISWorld’s Building Completion and Interior Design in China industry report page.
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IBISWorld Industry Report Key Topics
Firms within the Building Completion and Interior Design industry in China offer finishing services to outfit and decorate new buildings, both public and private, or to renovate established buildings. This includes the installation of kitchens, bathrooms, toilets and curtain walls, as well as providing other services, such as tiling, painting, wallpapering, carpeting, laying floorboards, lighting installation and landscaping. Many companies also offer design services.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.