The industrial construction market is expected to be the second-fastest-growing market in the construction industry over the forecast period, recording a nominal CAGR of over 9%, according to a new study on ASDReports
Report description overview:
The new report now available on ASDReports, provides detailed market analysis, information and insights into the Chinese construction industry including analysis of equipment, material and service costs across each project type in China as well as critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Chinese construction industry. You will acquire profiles of the leading operators in the Chinese construction industry and analysis of equipment, material and service costs across each project type in China.
The difference:
- Gain an understanding of the latest industry and market trends enabling you to adjust your business plan accordingly.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Identify various approaches to enter these markets, and capitalize on the available opportunities, should you be wishing to diversify your business offerings.
Report highlights:
The office, retail, and other commercial buildings categories were the key drivers for overall growth in the market during the review period. The growth was primarily due to increased investment, consumer household spending and rising disposable income. The market is projected to continue to expand over the forecast period, supported by general expansion in the economy and increased investment, in particular in the office and retail sectors.
The industrial construction market is expected to be the second-fastest-growing market in the construction industry over the forecast period, recording a nominal CAGR of over 9% and reaching an output value of almost CNY3 trillion in 2018.
Increased government investments have helped to support infrastructure construction activity, and PPPs for infrastructure development also increased. The infrastructure system in China still requires large investment to cope with increased urbanization and the rising number of vehicles and passengers. The market is projected to continue to expand over the forecast period, driven mainly by increases in public investments to improve and expand the rail, road and energy communications infrastructure.