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 SWOT Analysis Chapter
The Building Construction industry in China is in the growth stage of its life cycle. Between 2010 and 2020, value-added within the industry is expected to increase at an annualized rate of 12.4%, much higher than China's estimated GDP growth during the same period of about 6.5%. Development of the financial markets since the beginning of the 2000s contributed to growing demand for housing, as much larger numbers of people can now afford to purchase apartments using bank loans.
Strong investment in fixed assets and growth in downstream industries contributed to demand increases for commercial buildings. Government investment in fixed assets also boosted demand for institutional buildings in recent years... purchase to read more