Industry Analysis & Industry Trends
Over the five years through 2013, revenue for the Building Construction industry has been growing at an average annualized rate of 22.0% to $1.54 trillion. There are about 27,000 construction firms in this industry, up from 22,000 in 2008. Most of the building construction major players also have operations in civil engineering, real estate development (IBISWorld industry report 7210), professional engineering services (7671), plan designing, building materials manufacturing, and construction machinery 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 a growth stage of its life cycle. Between 2008 and 2018, value-added within the industry is expected to increase at an annualized rate of 15.7%, much higher than China's estimated GDP growth during the same period of about 8%. 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