Industry Analysis & Industry Trends
Over the five years through 2015, revenue for the Building Construction industry has been growing at an average annualized rate of 16.2% to $1.98 trillion. There are about 29,000 construction firms in this industry, up from 25,000 in 2010. Most of the building construction major players also have operations in civil engineering, real estate development (IBISWorld report 7210), professional engineering services (7671), plan designing, building materials manufacturing, and construction equipment manufacturing (3613). By operating across different sectors, they are able to decrease costs and maintain stable supply sources.... purchase to read more
Industry Report - Industry Investment Chapter
The Building Construction Industry in China is labor-intensive, as the main services provided by the industry are project management and trade skills, neither, of which have a high capital component. The industry employs a large number of personnel, amounting to a forecast 35 million workers in 2015. Direct wages are estimated at 7.6% of industry revenue in 2015, with subcontract labor payments at 10.1% of industry revenue.
The ratio of labor costs to capital depreciation (i.e., employee compensation to depreciation) provides a measure of an industry's capital intensity of production, which shows the amount of industry revenue absorbed by labor inputs relative to capital inputs... purchase to read more