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 Analysis Chapter
The construction sector is a key player in China's continued economic development. The value of construction output accounted for 27.8% of China's GDP in 2014, up from 18.8% in 2005, according to the National Bureau of Statistics. The Building Construction industry makes up the largest share (over 50.0%) of total construction output value.
Although the Building Construction industry is still in the growth stage of its life cycle, it has a history of over 50 years. The opening of the financial sector in the early 2000s, which provided greater access to bank loans for apartment purchases, greatly stimulated demand for residential buildings... purchase to read more