DUBLIN, April 26, 2021 / PRNewswire / – The “China Construction Industry Data Book Series – Market Size and Forecast (2016-2025) by Value and Volume (Area and Units) in Over 40 Residential, Commercial, Industrial Construction Market Segments , institutional and infrastructure – Update of the first quarter of 2021 “ the report was added to ResearchAndMarkets.com from offer.
While the coronavirus epidemic severely affected the Chinese construction industry in the first quarter of 2020, the resumption of construction activities accelerated in the second quarter. After China’s exit from the pandemic in March, the Chinese government launched a program that included a series of fiscal stimulus measures for the construction of roads, bridges, broadband, utilities and railways across the country. As a result, the prices of metals, including nickel, copper, iron ore, zinc and others, used to build infrastructure, have increased.
While construction output grew weaker than expected in 2020, it is expected to rebound sharply in 2021. Moreover, China is poised to become the largest construction industry over the next decade.
With the government pumping money into the economy, the publisher expects GDP growth to remain stable over the forecast period. This will be supported by an increase in public spending in the construction sector in China. The increase in spending in the construction sector is also reflected in the fact that sales of construction equipment jumped in China.
With the Chinese government reducing the supply of mortgages to consumers, the industry is expected to be affected in the future. To get consumers to spend more rather than pay off their debts, policymakers are looking to stimulate the recovery by reducing the availability of mortgages. As a result, residential construction prices are expected to remain stable in the near term.
The commercial construction sector in China is also recovering from the pandemic. With national and regional governments pumping money into commercial construction, the outlook for 2021 remains positive. In Guangdong, regional managers plan to pump around US $ 100 billion on public medical facilities, among other infrastructure construction activities.
Rising wages are also expected to boost consumer behavior by China. Thus, the demand will stimulate a range of services, including education and entertainment, which will subsequently create a demand for the construction of facilities in the country.
The post-pandemic recovery is strong due to the Chinese government’s soaring infrastructure spending. Thus, offering a positive outlook for the construction sector in 2021. In addition, the public rail operator in China intends to double the size of its high-speed rail network over the next fifteen years. Thus, support the growth of its infrastructure construction sector.
According to this global construction survey Q4 2020, the construction sector in China is expected to grow by 12.4% to reach US $ 1,355,314.5 million in 2021. Despite the short-term challenges in some construction sectors, medium and long-term growth China remains intact. The construction industry in China is expected to grow steadily over the next four quarters. Growth momentum is expected to continue over the forecast period, registering a CAGR of 6.4% between 2021 and 2025. Construction production in the country is expected to reach US $ 1,737,386.8 million by 2025.
This report provides data and trend analysis on the construction industry in China, with more than 100 KPIs. It is a data-centric report that provides trend analysis with over 140 charts and over 110 tables. It details market size and forecast, emerging trends, market opportunities and investment risks in over 40 segments in residential, commercial, industrial, institutional and infrastructure construction sectors.
It provides a comprehensive understanding of construction industry sectors in terms of value and volume (both by activity and by unit). The report focuses on combining industry dynamics with a macroeconomic scenario and changing consumer behavior to provide a 360-degree view of opportunities and risks.
Main topics covered:
Dynamics and growth prospects of the construction industry in China
China Residential Construction Industry Market Size and Forecast
Residential construction market outlook analysis by type of construction
Residential construction market outlook analysis by key cities
Outlook Analysis of Residential Construction Markets by Price Point
China Commercial Construction Industry Market Size and Forecast
Office building construction prospects
Retail building construction prospects
Construction prospects for the reception building
Restaurant building construction outlook
Construction prospects for the sports facilities building
Other prospects for the construction of commercial buildings
China Institutional Construction Industry Market Size and Forecast
Prospects and growth dynamics by institutional building construction sector
China Industrial Construction Industry Market Size and Forecast
Prospects and growth dynamics by industrial building construction sector
Prospects for infrastructure construction
China Marine and market size and forecast of inland water infrastructure construction industry
China Distribution Network Infrastructure Construction Industry Market Size and Forecast
China Transportation Infrastructure Construction Industry Market Size and Forecast
For more information on this report, visit https://www.researchandmarkets.com/r/3q33ru
ResearchAndMarkets.com is the world’s leading source for market research reports and international market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends.
Research and markets
Laura Wood, Main director
For EST office hours, call + 1-917-300-0470
For USA / CAN toll free + 1-800-526-8630
For GMT office hours, call + 353-1-416-8900
Fax in the United States: 646-607-1907
Fax (outside the United States): + 353-1-481-1716
Show original content:http://www.prnewswire.com/news-releases/china-construction-industry-dynamics-and-growth-prospects-to-2025-across-residential-commercial-industrial-institutional-and-infrastructure-construction-301276631. html
SOURCE Research and markets