China Construction Market Report 2022: Size, Trends and Forecasts – Industry is Expected to Register an AAGR of 4.4% from 2023 to 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “China Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.

The industry is expected to register an average annual growth of 4.4% from 2023 to 2026, supported by investments on infrastructure projects as part of the 14th Five-Year Plan (FYP) (2021-2025).

This report has revised up its projection of growth in the Chinese construction industry in 2022 – with the industry now expected to record growth of 4.4% in real terms in 2022, up from a prior estimate of a 4.0% growth. This upward revision is attributed to the government’s significant increase in infrastructure spending, including investment in the energy, transport, and telecommunications sectors.

According to the National Bureau of Statistics (NBS), the value-add of the Chinese construction industry rose by 7.8% year-on-year (YoY) in Q3 2022, bringing accumulated growth in the first three quarters of this year to 4.8% YoY. Growth has been driven primarily by the significant increase in spending on public infrastructure.

Fixed asset investment by state-owned and state-controlled enterprises was up 10.6% YoY in the first three quarters of 2022, with the Chinese government making upwards of CNY6.6 trillion ($1 trillion) available to fund infrastructure development this year.

The plan has 20 quantitative targets under five categories: economic development; innovation; people’s well-being; green development; and food and energy security. In the first seven months of 2022, the National Development and Reform Commission (NDRC) approved 65 fixed asset investment projects worth CNY6.6 trillion ($1 trillion).

While construction growth remains robust, the continued weakness in the residential construction sector poses a substantial downside risk to the industry’s outlook in the short term. Downside risks include the continued government restriction on developers to curb debt, coupled with the significant decline in both investment and new construction starts in the sector. Fixed asset investment in the real estate sector declined by 8% YoY in the first nine months of 2022, down significantly from the 4.4% YoY growth recorded in 2021 overall

The 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

• Historical (2017-2021) and forecast (2022-2026) 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

Key Topics Covered:

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

4.4 Infrastructure Construction

• Outlook
• Project analytics
• Latest news and developments

4.5 Energy and Utilities Construction

• Outlook
• Project analytics
• Latest news and developments

4.6 Institutional Construction

• Outlook
• Project analytics
• Latest news and developments

4.7 Residential Construction

• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/nwbsed

Source: GlobalData

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