Construction in China-Key Trends and Opportunities to 2024

Construction in China-Key Trends and Opportunities to 2024

Nov 2020 GlobalData Construction49 Pages Price :
$ 1495
Construction in China - Key Trends and Opportunities to 2024

Summary

The Chinese construction industry has already recovered from the disruption caused by the COVID-19 pandemic. In Q3 2020, the construction industrys value-add grew by 2%, following year-on-year (Y-o-Y) declines of 1.9% in Q2 and 17.5% in Q1 2020, according to the National Bureau of Statistics (NBS). With the gradual resumption of construction activities, the industry has regained growth momentum, and is expected to expand in 2020 as a whole. However, there will only be a marginal expansion compared to its performance in recent years. Chinas construction industry value-add grew by 5.6% in real terms in 2019, following growth of 4.8% in the previous year, driven by strong growth in real estate investment and an increase in fixed asset investments.

To mitigate the economic impact of the pandemic, the country fast-tracked the implementation of major infrastructure projects (except the hard-hit Hubei region), resuming nearly 90% of all major infrastructure projects as soon as mid-March 2020, at a time when major markets across the world had only just started to implement COVID-19 containment measures. In another positive development, real estate and fixed-asset investments have regained growth momentum, following the temporary disruption in the first quarter of the year. Moreover, in September 2020, the National Development and Reform Commission (NDRC) approved 14 fixed-asset investment projects worth CNY177.8 billion (US$25.15 billion), following approvals of CNY68.9 billion (US$10.1 billion) in August 2020.

GlobalData expects the countrys construction industry to grow by 1.9% in 2020 and record an average annual growth of 4.7% between 2021-2024. The industrys growth over the forecast period is expected to be driven by investments on new infrastructure projects, which in addition to transport projects, also includes investments in the areas of 5G networks, Artificial Intelligence, the Internet of Things and data centers. According to the government-backed think tank, the China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between 2020-2025. The industrys growth will also be driven by investments in renewable energy and residential projects.

GlobalDatas Construction in China - Key Trends and Opportunities to 2024 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 construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Chinese 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 China. It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in China, 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 GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
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
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 GlobalData Construction

List of Tables
Table 1: Construction Industry Key Data
Table 2: China, Key Economic Indicators
Table 3: China, Commercial Construction Output by Project Type (Real % Change), 2015-2024
Table 4: China, Top Commercial Construction Projects by Value
Table 5: China, Industrial Construction Output by Project Type (Real % Change), 2015-2024
Table 6: China, Top Industrial Construction Projects by Value
Table 7: China, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
Table 8: China, Top Infrastructure Construction Projects by Value
Table 9: China, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
Table 10: China, Top Energy and Utilities Construction Projects by Value
Table 11: China, Institutional Construction Output by Project Type (Real % Change), 2015-2024
Table 12: China, Top Institutional Construction Projects by Value
Table 13: China, Residential Construction Output by Project Type (Real % Change), 2015-2024
Table 14: China, Top Residential Construction Projects by Value
Table 15: China, Key Contractors
Table 16: China, Key Consultants
Table 17: China, Construction Output Value (Real, US$ Billion)
Table 18: China, Construction Output Value (Nominal, CYN Billion)
Table 19: GlobalData Construction Market Definitions

List of Figures
Figure 1: North-East Asia, Construction Output (Real % Change), 2020
Figure 2: China, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: China, COVID-19 Confirmed Cases
Figure 4: China, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
Figure 5: China, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: China, Construction Value Add (Accumulated % Change YoY)
Figure 7: China, Total Value of Buildings Completed by Construction Enterprises (CNY Billion)
Figure 8: China, Investment in Fixed Assets, (Accumulated % Change, YoY)
Figure 9: China, Investment in Real Estate Development, (Accumulated % Change, YoY)
Figure 10: China, Total Value of New Contracts Signed by Construction Enterprises, (CYN Trillion, YoY % Change)
Figure 11: China, Construction Projects Momentum Index
Figure 12: China, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 13: China, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 14: China, Total Retail Sales of Consumer Goods, Current Prices, (CNY Billion)
Figure 15: China, Investment in Commercial Real Estate Development, (CNY Billion)
Figure 16: China, Total Floor Space of Commercial Buildings Under Construction, in Million m2 (Accumulated % Change, YoY)
Figure 17: China, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 18: China, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: China, Industrial Production Index (2010=100)
Figure 20: China, Purchasing Managers Index
Figure 21: China, Total Exports (in US$ Billion)
Figure 22: China, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 23: China, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 24: China, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 25: China, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 26: China, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 27: China, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 28: China, Total Value of Buildings Completed for Scientific Research, Education and Medical Use (% Change YoY)
Figure 29: China, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 30: China, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 31: China, Total Floor Space of Residential Area Under Construction, in million m2 (Accumulated % Change, YoY)
Figure 32: China, Total Value of Residential Buildings Sold (in CNY Trillion)
Figure 33: China, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 34: China, Headquarters of Key Consultants (% of Total Project Pipeline)

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