Construction Outlook in China

Freedonia Group Inc
January 1, 2015
232 Pages - SKU: FG5464835
Countries covered: China

Construction Outlook in China

Expenditures to rise nearly 9% annually through 2018
Construction expenditures in China are expected to rise 8.9 percent per annum in real terms through 2018. Ongoing indus-trialization, increasing urban population, expanding foreign investment funding, rising personal income levels, and further population and household growth will all work to drive gains in construction acti-vity in China. In addition, government’s effort to improve the county’s infrastructure, expand municipal utilities, and balance regional economy disparity will also aid growth in construction spending. However, further growth will be constrained by a slowdown in the Chinese economy through the forecast period, especially in fixed asset investment.

Domestic spending on manufactured goods to fuel nonresidential building
Nonresidential buildings represented the largest segment of construction market in China, accounting for 38 percent of total construction spending in 2013. Further advances will be driven by robust gains in consumer spending for manufactured goods and services from both at home and abroad, accommodative government policies and investment on transportation and energy infrastructures, such as power generation plants and airports, and greater foreign direct investment.

Government efforts, change in demographics to bolster residential construction
Residential construction expenditures accounted for slightly over one-third of overall construction spending in China in 2013. Residential building construction activity will be spurred by rising personal income levels and household growth as well as population migration from rural to urban areas in China. Government efforts to improve living conditions for low income earners (including construction of affordable and low rent houses in urban areas and subsidies for alterations of dilapidated farmhouses in rural areas) will also bolster residential building construction spending.

Northwest region to grow most rapidly
Although China is a single country, it consists of numerous distinct regional markets characterized by different climates, populations, and levels of economic development. Construction expenditures in the Northwest region are expected to enjoy the fastest growth of any region in China, growing nearly ten percent per annum in real terms through 2018. Gains will benefit from the gov-ernment’s “Great Western Development” strategy and the abundant natural resources, which will result in sizable increases in spending on infrastructure and manufacturing facilities in this area. However, the Central-East region, being home to about one-third of the country’s total population and economic output, will remain the largest regional market, accounting for 43 percent of the overall construction spending in China in 2018

Please Note: Freedonia requires that, for PDF orders, clients sign a confidentiality agreement prior to fulfillment of PDF email delivery.



More Materials reports by Freedonia Group Inc

World Plumbing by Freedonia Group Inc
World PlumbingWorld demand to rise nearly 6% annually through 2018 Through 2018, worldwide demand for plumbing fixtures and fittings is projected to advance over six ...
World Industrial Rubber Products by Freedonia Group Inc
World Industrial Rubber Products World demand to rise 6.6% annually through 2018 Worldwide demand for industrial rubber products is projected to rise a healthy 6.6 ...
World Insulation by Freedonia Group Inc
World InsulationWorld demand to rise 5% annually through 2018 Through 2018, global demand for insulation is projected to advance five percent annually to nearly 25 ...
Wood & Competitive Decking by Freedonia Group Inc
Wood & Competitive DeckingUS demand to rise 2.4% annually through 2018 US demand for decking is forecast to rise 2.4 percent per year through 2018 ...
See all reports like this >>

More China Materials reports

Plastic Pipes Markets in China by Asia Market Information & Development Company
Plastic Pipes Markets in ChinaChina's demand for Plastic Pipes has grown at a fast pace in the past decade. In the next decade, ...
China insulating product manufacturing industry, 2015 by Reports From China
China insulating product manufacturing industry, 2015 is valuable for anyone who wants to invest in the insulating product manufacturing industry, to get Chinese investments; to ...
China architectural decoration and plumbing pipeline part manufacturing industry, 2015 by Reports From China
China architectural decoration and plumbing pipeline part manufacturing industry, 2015 is valuable for anyone who wants to invest in the architectural decoration and plumbing pipeline ...
China construction, security purpose metal product manufacturing industry, 2015 by Reports From China
China construction, security purpose metal product manufacturing industry, 2015 is valuable for anyone who wants to invest in the construction, security purpose metal product manufacturing ...
See all reports like this >>

 

SELECT A LICENSE

    PDF E-mail From Publisher  USD 5,300  
    Hard Copy Mail Delivery  USD 5,300  
    Global Site License Fulfilled by Publisher  USD 7,900  
    PDF Email from Publisher plus 1 Hard Copy  USD 5,900  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!