Hong Kong Construction Market Summary, Competitive Analysis and Forecast to 2027
Summary
Construction in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
- The Hong Kongese construction industry had total revenues of $31.3 billion in 2022, representing a negative compound annual growth rate (CAGR) of 0.5% between 2017 and 2022.
- The non-residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $20.9 billion, equivalent to 66.6% of the industry's overall value.
- Hong Kongese construction industry slowed down in the past few years, owing to several factors, namely: slow growth in the economy, a decrease in urbanization, continuous rise in interest rate, supply chain challenges, and labour shortage resulting in negative annual growth.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Hong Kong
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong construction market with five year forecasts
- What was the size of the Hong Kong construction market by value in 2022?
- What will be the size of the Hong Kong construction market in 2027?
- What factors are affecting the strength of competition in the Hong Kong construction market?
- How has the market performed over the last five years?
- What are the main segments that make up Hong Kong's construction market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do leading players follow?
- 7.3. What is the strength of the leading players?
- 7.4. How is technology shaping the construction industry?
- 8 Company Profiles
- 8.1. CIMIC Group Limited
- 8.2. Gammon Construction Ltd
- 8.3. China Railway Construction Corp Ltd
- 8.4. China State Construction Engineering Corp Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. About MarketLine
- List of Tables
- Table 1: Hong Kong construction industry value: $ million, 2017–22
- Table 2: Hong Kong construction industry category segmentation: % share, by value, 2017–2022
- Table 3: Hong Kong construction industry category segmentation: $ million, 2017-2022
- Table 4: Hong Kong construction industry geography segmentation: $ million, 2022
- Table 5: Hong Kong construction industry value forecast: $ million, 2022–27
- Table 6: CIMIC Group Limited: key facts
- Table 7: CIMIC Group Limited: Key Employees
- Table 8: Gammon Construction Ltd: key facts
- Table 9: Gammon Construction Ltd: Key Employees
- Table 10: China Railway Construction Corp Ltd: key facts
- Table 11: China Railway Construction Corp Ltd: Annual Financial Ratios
- Table 12: China Railway Construction Corp Ltd: Key Employees
- Table 13: China State Construction Engineering Corp Ltd: key facts
- Table 14: China State Construction Engineering Corp Ltd: Annual Financial Ratios
- Table 15: China State Construction Engineering Corp Ltd: Key Employees
- Table 16: Hong Kong size of population (million), 2018–22
- Table 17: Hong Kong gdp (constant 2005 prices, $ billion), 2018–22
- Table 18: Hong Kong gdp (current prices, $ billion), 2018–22
- Table 19: Hong Kong inflation, 2018–22
- Table 20: Hong Kong consumer price index (absolute), 2018–22
- Table 21: Hong Kong exchange rate, 2018–22
- List of Figures
- Figure 1: Hong Kong construction industry value: $ million, 2017–22
- Figure 2: Hong Kong construction industry category segmentation: $ million, 2017-2022
- Figure 3: Hong Kong construction industry geography segmentation: % share, by value, 2022
- Figure 4: Hong Kong construction industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the construction industry in Hong Kong, 2022
- Figure 6: Drivers of buyer power in the construction industry in Hong Kong, 2022
- Figure 7: Drivers of supplier power in the construction industry in Hong Kong, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the construction industry in Hong Kong, 2022
- Figure 9: Factors influencing the threat of substitutes in the construction industry in Hong Kong, 2022
- Figure 10: Drivers of degree of rivalry in the construction industry in Hong Kong, 2022
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