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Construction in China – Key Trends and Opportunities to 2021

Construction in China – Key Trends and Opportunities to 2021

Synopsis

The Chinese construction industry recovered in 2016 after experiencing a slowdown in 2015, due to deceleration in the country’s economic growth. This led to high public debt, weak business confidence and reduced public and private sector investment in construction projects. The industry’s growth in 2016 was supported by government efforts to accelerate the pace of economic growth through increased investment in public infrastructure projects.

Over the forecast period (2017–2021), the industry is expected to expand at a relatively slow pace, owing to persistent slow economic growth which is expected to hamper the flow of private sector investments into construction projects. The industry is, however, expected to gain some support from the government’s plan to add momentum to the economy through large scale investments in transport and energy infrastructure projects.

Government flagship programs such as the 13th Five-Year Plan 2016–2020, Made in China 2025 and the rental housing program are expected to support the industry’s expansion over the forecast period. Timetric expects the industry’s output value to post a CAGR of 5.70% in real terms over the forecast period, compared to 7.43% registered during the review period (2012–2016).

Summary

Timetric’s Construction in China – Key Trends and Opportunities to 2021 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 activity
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Chinese construction industry
  • Profiles of the leading operators in the Chinese construction industry
Scope

This report provides a comprehensive analysis of the construction industry in China. It provides:
  • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in China using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Detailed profiles of the leading construction companies in China
Reasons To Buy
  • Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Key Highlights
  • In December 2016, the government launched the 13th Five-Year Plan 2016–2020, under which it aims to develop various infrastructure projects in key sectors such as transport, healthcare and telecommunications by 2020. Accordingly, the government announced plans to invest CNY3.5 trillion (US$522.4 billion) for the construction of 30,000km of high-speed rail network, CNY2.0 trillion (US$298.9 billion) for healthcare projects, and CNY1.2 trillion (US$179.1 billion) for internet infrastructure projects.
  • In a bid to enhance trade relations with the Asian, African and European countries and thereby promote economic growth, in 2015 the government launched the ‘One Belt, One Road’ initiative. Under the plan, the government announced plans to invest CNY5.6 trillion (US$900.0 billion) to develop over 900 large-scale transport infrastructure projects, including high-speed rail networks and ports connecting the country with its neighboring countries. According to Timetric, the infrastructure construction market is expected to post a nominal forecast-period CAGR of 12.94%, marginally higher than the 12.32% registered during the review period.
  • In August 2017, the Ministry of Housing and Urban-Rural Development, and the Ministry of Land and Resources announced plans to launch a new rental housing program. Under the program, the government aims to construct several public rental housing units in 13 major cities, including Beijing, Shanghai, Xiamen, Nanjing, Hefei, Guangzhou and Hangzhou by 2021.
  • China is preparing to host the 2022 Winter Olympics. Accordingly, the government is developing sports infrastructure in Beijing with an investment of CNY19.3 billion (US$3.1 billion). The government announced plans to construct 56 indoor and outdoor skating venues, while also upgrading 22 existing snow resorts in the city by 2022.
  • With an aim to transform Shenyang into a modern smart city, in August 2016 the Shenyang municipal government announced plans to develop the overall infrastructure in the city under the Shenyang National City Development Program. With a total investment of CNY1.5 trillion (US$232.5 billion), the program is expected to commence in 2018 and be completed in 2023.


  • Executive Summary
  • Industry Outlook
    • Commercial Construction
    • Industrial Construction
    • Infrastructure Construction
    • Energy and Utilities Construction
    • Institutional Construction
    • Residential Construction
  • Key Issues and Developments
  • Market Data Analysis
    • Construction Output and Value Add
      • Construction output by project type
        • Table Chinese Construction Output by Project Type (CNY Million), 2012-2016
        • Table Chinese Construction Output by Project Type (CNY Million), 2016-2021
      • Construction output by cost type
        • Table Chinese Construction Output by Cost Type (CNY Million), 2012-2016
        • Table Chinese Construction Output by Cost Type (CNY Million), 2016-2021
      • Construction output by activity type
        • Table Chinese Construction Output by Activity Type (CNY Million), 2012-2016
        • Table Chinese Construction Output by Activity Type (CNY Million), 2016-2021
      • Construction value add by project type
        • Table Chinese Construction Value Add by Project Type (CNY Million), 2012-2016
        • Table Chinese Construction Value Add by Project Type (CNY Million), 2016-2021
    • Commercial Construction
      • Commercial construction output by project type
        • Table Chinese Commercial Construction Output by Project Type (CNY Million), 2012-2016
        • Table Chinese Commercial Construction Output by Project Type (CNY Million), 2016-2021
      • Commercial construction output by cost type
        • Table Chinese Commercial Construction Output by Cost Type (CNY Million), 2012-2016
        • Table Chinese Commercial Construction Output by Cost Type (CNY Million), 2016-2021
      • Commercial construction output by activity type
        • Table Chinese Commercial Construction Output by Activity Type (CNY Million), 2012-2016
        • Table Chinese Commercial Construction Output by Activity Type (CNY Million), 2016-2021
      • Commercial construction value add by project type
        • Table Chinese Commercial Construction Value Add by Project Type (CNY Million), 2012-2016
        • Table Chinese Commercial Construction Value Add by Project Type (CNY Million), 2016-2021
    • Industrial Construction
      • Industrial construction output by project type
        • Table Chinese Industrial Construction Output by Project Type (CNY Million), 2012-2016
        • Table Chinese Industrial Construction Output by Project Type (CNY Million), 2016-2021
      • Industrial construction output by cost type
        • Table Chinese Industrial Construction Output by Cost Type (CNY Million), 2012-2016
        • Table Chinese Industrial Construction Output by Cost Type (CNY Million), 2016-2021
      • Industrial construction output by activity type
        • Table Chinese Industrial Construction Output by Activity Type (CNY Million), 2012-2016
        • Table Chinese Industrial Construction Output by Activity Type (CNY Million), 2016-2021
      • Industrial construction value add by project type
        • Table Chinese Industrial Construction Value Add by Project Type (CNY Million), 2012-2016
        • Table Chinese Industrial Construction Value Add by Project Type (CNY Million), 2016-2021
    • Infrastructure Construction
      • Infrastructure construction output by project type
        • Table Chinese Infrastructure Construction Output by Project Type (CNY Million), 2012-2016
        • Table Chinese Infrastructure Construction Output by Project Type (CNY Million), 2016-2021
      • Infrastructure construction output by cost type
        • Table Chinese Infrastructure Construction Output by Cost Type (CNY Million), 2012-2016
        • Table Chinese Infrastructure Construction Output by Cost Type (CNY Million), 2016-2021
      • Infrastructure construction output by activity type
        • Table Chinese Infrastructure Construction Output by Activity Type (CNY Million), 2012-2016
        • Table Chinese Infrastructure Construction Output by Activity Type (CNY Million), 2016-2021
      • Infrastructure construction value add by project type
        • Table Chinese Infrastructure Construction Value Add by Project Type (CNY Million), 2012-2016
        • Table Chinese Infrastructure Construction Value Add by Project Type (CNY Million), 2016-2021
    • Energy and Utilities Construction
      • Energy and utilities construction output by project type
        • Table Chinese Energy and Utilities Construction Output by Project Type (CNY Million), 2012-2016
        • Table Chinese Energy and Utilities Construction Output by Project Type (CNY Million), 2016-2021
      • Energy and utilities construction output by cost type
        • Table Chinese Energy and Utilities Construction Output by Cost Type (CNY Million), 2012-2016
        • Table Chinese Energy and Utilities Construction Output by Cost Type (CNY Million), 2016-2021
      • Energy and utilities construction output by activity type
        • Table Chinese Energy and Utilities Construction Output by Activity Type (CNY Million), 2012-2016
        • Table Chinese Energy and Utilities Construction Output by Activity Type (CNY Million), 2016-2021
      • Energy and utilities construction value add by project type
        • Table Chinese Energy and Utilities Construction Value Add by Project Type (CNY Million), 2012-2016
        • Table Chinese Energy and Utilities Construction Value Add by Project Type (CNY Million), 2016-2021
    • Institutional Construction
      • Institutional construction output by project type
        • Table Chinese Institutional Construction Output by Project Type (CNY Million), 2012-2016
        • Table Chinese Institutional Construction Output by Project Type (CNY Million), 2016-2021
      • Institutional construction output by cost type
        • Table Chinese Institutional Construction Output by Cost Type (CNY Million), 2012-2016
        • Table Chinese Institutional Construction Output by Cost Type (CNY Million), 2016-2021
      • Institutional construction output by activity type
        • Table Chinese Institutional Construction Output by Activity Type (CNY Million), 2012-2016
        • Table Chinese Institutional Construction Output by Activity Type (CNY Million), 2016-2021
      • Institutional construction value add by project type
        • Table Chinese Institutional Construction Value Add by Project Type (CNY Million), 2012-2016
        • Table Chinese Institutional Construction Value Add by Project Type (CNY Million), 2016-2021
    • Residential Construction
      • Residential construction output by project type
        • Table Chinese Residential Construction Output by Project Type (CNY Million), 2012-2016
        • Table Chinese Residential Construction Output by Project Type (CNY Million), 2016-2021
      • Residential construction output by cost type
        • Table Chinese Residential Construction Output by Cost Type (CNY Million), 2012-2016
        • Table Chinese Residential Construction Output by Cost Type (CNY Million), 2016-2021
      • Residential construction output by activity type
        • Table Chinese Residential Construction Output by Activity Type (CNY Million), 2012-2016
        • Table Chinese Residential Construction Output by Activity Type (CNY Million), 2016-2021
      • Residential construction value add by project type
        • Table Chinese Residential Construction Value Add by Project Type (CNY Million), 2012-2016
        • Table Chinese Residential Construction Value Add by Project Type (CNY Million), 2016-2021
  • Company Profile: China State Construction Engineering Corporation Ltd
    • China State Construction Engineering Corporation Ltd - Company Overview
      • Table China State Construction Engineering Corporation Ltd, Key Facts
    • China State Construction Engineering Corporation Ltd - Business Description
    • China State Construction Engineering Corporation Ltd - Main Services
      • Table China State Construction Engineering Corporation Ltd, Main Services
    • China State Construction Engineering Corporation Ltd - History
      • Table China State Construction Engineering Corporation Ltd, History
    • China State Construction Engineering Corporation Ltd - Company Information
      • China State Construction Engineering Corporation Ltd - key competitors
      • China State Construction Engineering Corporation Ltd - key employees
        • Table China State Construction Engineering Corporation Ltd, Key Employees
  • Company Profile: China Railway Construction Corporation Ltd
    • China Railway Construction Corporation Ltd - Company Overview
      • Table China Railway Construction Corporation Ltd, Key Facts
    • China Railway Construction Corporation Ltd - Business Description
    • China Railway Construction Corporation Ltd - Main Products and Services
      • Table China Railway Construction Corporation Ltd, Main Products and Services
    • China Railway Construction Corporation Ltd - History
      • Table China Railway Construction Corporation Ltd, History
    • China Railway Construction Corporation Ltd - Company Information
      • China Railway Construction Corporation Ltd - key competitors
      • China Railway Construction Corporation Ltd - key employees
        • Table China Railway Construction Corporation Ltd, Key Employees
  • Company Profile: China Railway Group Ltd
    • China Railway Group Ltd - Company Overview
      • Table China Railway Group Ltd, Key Facts
    • China Railway Group Ltd - Business Description
    • China Railway Group Ltd - Main Services
      • Table China Railway Group Ltd, Main Services
    • China Railway Group Ltd - History
      • Table China Railway Group Ltd, History
    • China Railway Group Ltd - Company Information
      • China Railway Group Ltd - key competitors
      • China Railway Group Ltd - key employees
        • Table China Railway Group Ltd, Key Employees
  • Company Profile: China Communications Construction Co. Ltd
    • China Communications Construction Co. Ltd - Company Overview
      • Table China Communications Construction Co Ltd, Key Facts
    • China Communications Construction Co. Ltd - Business Description
    • China Communications Construction Co Ltd - Main Products and Services
      • Table China Communications Construction Co Ltd, Main Products and Services
    • China Communications Construction Co Ltd - History
      • Table China Communications Construction Co Ltd, History
    • China Communications Construction Co Ltd - Company Information
      • China Communications Construction Co Ltd - key competitors
      • China Communications Construction Co Ltd - key employees
        • Table China Communications Construction Co Ltd, Key Employees
  • Company Profile: China Metallurgical Group Corporation
    • China Metallurgical Group Corporation - Company Overview
      • Table China Metallurgical Group Corporation, Key Facts
    • China Metallurgical Group Corporation - Business Description
    • China Metallurgical Group Corporation - Main Products and Services
      • Table China Metallurgical Group Corporation, Main Products and Services
    • China Metallurgical Group Corporation - History
      • Table China Metallurgical Group Corporation, History
    • China Metallurgical Group Corporation - Company Information
      • China Metallurgical Group Corporation - key competitors
      • China Metallurgical Group Corporation - key employees
        • Table China Metallurgical Group Corporation, Key Employees
  • Appendix
    • What is this Report About?
    • Definitions
      • Table Timetric Construction Market Definitions
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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