{"product_id":"china-construction-market-size-trend-analysis-by-sector-competitive-landscape-and-forecast-2023-2027","title":"China Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027","description":"\u003cp\u003eChina Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027\u003cbr\u003e\nSummary\u003c\/p\u003e\n\n\u003cp\u003eGlobalData forecasts that the Chinese construction industry will grow by 4.8% in real terms in 2023, following an annual growth of 5.5% in 2022, owing to an increase in infrastructure, energy, and utilities investment and project execution in the first seven months of this year. The construction industry's value add grew by 7.7% year on year (YoY) in the first half of 2023, preceded by Y-o-Y growth of 6.7% at the end of Q1 2023, according to the National Bureau of Statistics of China (NBS).\u003c\/p\u003e\n\n\u003cp\u003eThe construction industry is expected to record an average annual growth rate of 4.3% between 2024 and 2027, supported by investment in development programs and infrastructure projects. In June 2023, the Inner Mongolia Autonomous Region launched a transport development program in Inner Mongolia that will involve an estimated investment of CNY34.4 billion ($5.1 billion). The plan includes the construction of 10,000km of trunk roads and 4,200km of rural roads, with construction works on the program scheduled to be completed by the end of 2024. Further support for construction activity will be provided by works as part of the 14th Five-Year Plan (2021-2025). In 2022, the National Development and Reform Commission (NDRC) approved 109 fixed asset investment projects worth CNY1.5 trillion ($222.4 billion), primarily in the transport infrastructure, energy, water conservation and information infrastructure sectors.\u003c\/p\u003e\n\n\u003cp\u003eThe 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 activityCritical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Chinese construction industryAnalysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.Scope\u003c\/p\u003e\n\n\u003cp\u003eThis report provides a comprehensive analysis of the construction industry in China. It provides -Historical (2018-2022) and forecast (2023-2027) 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-sectorAnalysis 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 consultantsReasons to BuyIdentify 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.\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"September, 2023 \/ 52 Pages \/ MCW16214002","offer_id":47616285540658,"sku":null,"price":1794.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/china-construction-market-size-trend-analysis-by-sector-competitive-landscape-and-forecast-2023-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}