{"product_id":"hong-kong-construction-market-size-trend-analysis-by-sector-commercial-industrial-infrastructure-energy-and-utilities-institutional-and-residential-and-forecast-2023-2027","title":"Hong Kong Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027","description":"\u003cp\u003eHong Kong Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027\u003cbr\u003e\nSummary\u003c\/p\u003e\n\n\u003cp\u003eHong Kong’s construction industry is expected to record growth in 2023, supported by the government’s plan to invest in transport infrastructure and the housing sector to address connectivity issue and housing deficits. GlobalData expects the construction industry to record real growth of 3.6% in 2023, supported by investment in transport and energy infrastructure. The gross output value of the Hong Kong construction industry rose by 8.7% year on year (YoY) in Q1 2023, following growth of 9.7% in Q4 2022, according to the Census and Statistics Department (C\u0026amp;SD). Moreover, growth this year will be aided by the development of several infrastructure projects being implemented as part of the HKD100 billion ($12.8 billion) investment between 2022 and 2026.\u003c\/p\u003e\n\n\u003cp\u003eGlobalData expects the construction industry in Hong Kong to register an annual average growth of 2.5% from 2024 to 2027, supported by investment in the transport, power, housing, and industrial sectors. As part of its latest budget, the government reported that it is actively implementing a series of new railway projects. For instance, the road map for the development of a flagship megaproject in Hong Kong’s northern New Territories called the Northern Metropolis is expected to commence by the end of 2023. As part of its latest budget, the government estimated that HKD88.7 billion ($11.3 billion) worth of major infrastructure projects could commence construction in FY2023\/2024. Furthermore, the government has set aside HKD10 billion ($1.3 billion) for the completion of works to upgrade and expand university healthcare teaching facilities in order to accommodate approximately 900 additional healthcare training places by 2026. In the short term, the government aim to supply 20,000 transitional housing units by 2024, while for its Long-Term Housing Strategy, it has identified 350ha of land on which to produce 330,000 public housing units between 2022 and 2032.\u003c\/p\u003e\n\n\u003cp\u003eThis report provides detailed market analysis, information, and insights into Hong Kong’s construction industry, including -Hong Kong’s 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 Hong Kong’s 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 Hong Kong. It provides -Historical (2018–2022) and forecast (2023–2027) valuations of the construction industry in Hong Kong, 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":"July, 2023 \/ 46 Pages \/ MCW16212039","offer_id":47615758696754,"sku":null,"price":1794.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/hong-kong-construction-market-size-trend-analysis-by-sector-commercial-industrial-infrastructure-energy-and-utilities-institutional-and-residential-and-forecast-2023-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}