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 Products Chapter
There are three main types of contractors in China: general contractors, professional contractors and work subcontractors. In general, a contractor may have one main qualification and some sub-qualifications.
All contractors in China are involved of projects in different industries – building construction, civil engineering, industrial projects, power and water projects, and others. Product segmentation here is based on the total number of contractors for all industries. This segmentation is also typical for building construction enterprises.
General contractors are the main contractor type in the construction sector and also in the Building Construction industry, accounting for 85.0% of total gross output value... purchase to read more