Industry Analysis & Industry Trends
Despite having a short history, the Real Estate Agents industry in China has developed rapidly over the past decade, in line with the high growth across China's real estate markets. China's large population, the accelerating urbanization process, rising household disposable income and strong economic growth have all contributed to the development of the real estate market. As a result, there is increasing demand for real estate agents in China to meet the expanding market volumes, requirements for higher transaction efficiency, and professional divisions across real estate development enterprises. Over the five years through 2013, the industry is expected to grow at an annualized rate of 11.9% to $17.4 billion.... purchase to read more
Industry Report - Industry Key Buyers Chapter
This industry has a low market share concentration level. According to the China Economic Census Yearbook, only 0.3% enterprises in this industry realized an average operating revenue of over $6.0 million in 2004. This percentage has increased to just 0.5% by 2008. In 2013, ACMR-IBISWorld estimates that the share of revenue generated by the top four players will be about 7.4%.
Industry concentration levels are increasing with the expanding operating scale of the industry's largest firms. In 2007, the market share of the top four players in this industry was estimated to be between 5.1% and 5.3% in terms of revenue.
The low market share is due to a variety of factors... purchase to read more