Realty Management in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
7220Revenue
$212.3bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
15m
Businesses
204k
Wages
$XXX.Xbn
Realty Management in China industry analysis
The Realty Management industry in China has developed rapidly in line with the development of the Chinese economy. Increasing numbers of homeowners in cities and towns across China have boosted demand for realty management services over the past five years.<br />Industry revenue is expected to increase by an annualized 9.4% over the five years through 2024. This trend includes an anticipated 7.9% increase in the current year. Recent government initiatives to curb inflation and rising housing prices have limited growth in the commercial and residential real estate sectors. As a result, fewer houses have been built and growth in demand for realty management for newly completed projects has slowed over the period.<br />In 2022, restrictive COVID-19 pandemic policies isolated many residents at home, and the realty management company became a direct way for owners to contact the outside world. The excellent large realty management company has provided safe and considerate services to close the relationship with the community owners. The tail company is small in scale and short of manpower, unable to provide considerate services under the pressure of the pandemic. The pandemic intensifies the polarization of realty management companies.<br />Industry revenue is forecast to grow at an annualized 5.6% over the five years through 2029. Increasing urbanization and per capita floorage, as well as the construction of indemnificatory houses are anticipated to boost demand for residential and other realty services in cities and towns. The government is also forecast to increase the regulatory requirements for the industry to specify the rights and obligations of relevant parties. This will likely create a favorable environment for the development of the industry in the long run.
Trends and Insights
- The real estate industry affects realty management. The growth of the realty management industry is affected by the newly completed area of the real estate industry.
- Daily management services account for the vast majority of revenue. The quality of daily management services determines the level of management fees.
- Urbanization level is the key to industrial agglomeration. East China has a developed economy and a high level of urbanization, so the income of property management industry and the number of enterprises account for a large proportion.
- Economies of scale enhance competitiveness. Large enterprises in the industry improve economies of scale by managing a large number of communities.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 9.4 % over the past five years, to reach an estimated $212.3bn in 2024.
Trends and Insights
Realty management is highly related to the real estate industry
- Demand for realty management services is mainly determined by the completed floor area of residential and commercial buildings in cities and towns across China.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The potential growth rate of the industry slows down
- The newly constructed area of real estate nationwide reached a high of 2.3 billion square meters in 2019, and then declined year by year.
Biggest companies in the Realty Management in China
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
China Vanke Co., Ltd. | 4,351.3 | |
Country Garden Holdings Company Limited | 3,397.1 | |
A-Living Smart City Services Co., Ltd. | 1,698.5 |
To view the market share and analysis for all 10 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Daily management services, Maintenance services and Advisory services on realty management. Daily management services is the largest segment of the Realty Management in China.
Trends and Insights
Daily management services account for the vast majority of revenue
- Daily management services include scheduled and unscheduled maintenance, sanitation services and plant and garden maintenance.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Real Estate Agents in China
- Residential Real Estate in China
- Commercial Real Estate in China
Complementors
- Building Construction in China
International industries
- Property Management in the US
- Commercial Property Management in Australia
- Property Management Services in the UK
Table of Contents
About this industry
Industry definition
The industry provides real estate and property management services such as professional realty maintenance, public security, environmental management, and other relevant services according to specified contract conditions.
What's included in this industry?
Daily management servicesMaintenance servicesAdvisory services on realty managementOther servicesCompanies
China Vanke Co., Ltd.Country Garden Holdings Company LimitedA-Living Smart City Services Co., Ltd.Purchase this report to view all 10 major companies in this industry.
Related Terms
BUILDING COMPLEXVILLASGROSS FLOOR AREA (GFA)Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The real estate industry affects realty management. The growth of the realty management industry is affected by the newly completed area of the real estate industry.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Daily management services account for the vast majority of revenue. The quality of daily management services determines the level of management fees.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Urbanization level is the key to industrial agglomeration. East China has a developed economy and a high level of urbanization, so the income of property management industry ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Economies of scale enhance competitiveness. Large enterprises in the industry improve economies of scale by managing a large number of communities.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The head companies adopt digital facilities. AI applications and digital systems are adopted by most large companies to improve service efficiency.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of China Vanke Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Country Garden Holdings Company Limited's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of A-Living Smart City Services Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 7 additional companies
Detailed analysis
- Description and key data for China Vanke Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Country Garden Holdings Company Limited, and factors influencing its performance in the industry
- Description and key data for A-Living Smart City Services Co., Ltd., and factors influencing its performance in the industry
- Description, key data and performance trends for 7 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Industry regulations will be more standardized. Since 2022, local governments have continuously introduced and revised realty management regulations to standardize industry m...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The profitability of the industry is low. The profit margin is squeezed by high labor costs and maintenance costs, and has been at a low level for a long time.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Realty Management industry in China in 2024?
The market size of the Realty Management industry in China is $212.3bn in 2024.
How many businesses are there in the Realty Management in China industry in 2024?
There are 204k businesses in the Realty Management industry in China, which has grown at a CAGR of 5.0 % between 2019 and 2024.
Has the Realty Management industry in China grown or declined over the past 5 years?
The market size of the Realty Management industry in China has been growing at a CAGR of 9.4 % between 2019 and 2024.
What is the forecast growth of the Realty Management industry in China over the next 5 years?
Over the next five years, the Realty Management industry in China is expected to grow.
What are the biggest companies in the Realty Management market in China?
The biggest companies operating in the Realty Management market in China are China Vanke Co., Ltd., Country Garden Holdings Company Limited and A-Living Smart City Services Co., Ltd.
What does the Realty Management in China include?
Daily management services and Maintenance services are part of the Realty Management industry.
Which companies have the highest market share in the Realty Management in China?
The company holding the most market share in China is China Vanke Co., Ltd..
How competitive is the Realty Management industry in China?
The level of competition is moderate and increasing in the Realty Management industry in China.
