Industry Analysis & Industry Trends
Over the five years through 2016, revenue for the Building Construction industry has been growing at an average annualized rate of 9.0% to $1.88 trillion. There are about 26,000 construction firms in this industry, up from 25,000 in 2011. 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 Locations Chapter
Industry activities are highly concentrated in the provinces of Jiangsu, Zhejiang, Shandong, Sichuan, Guangdong and Liaoning, and in Shanghai and Beijing. These eight regions are expected to hold a combined share of 55.2% in total in output value in 2016.
East China is the largest region for building construction in China. This region has the highest population level, the highest average per capita incomes and the largest demand for housing and buildings. About 47.7% of the industry's value added is created in East China, and about 43.5% of its output value.
Jiangsu and Zhejiang are the top two provinces in this industry, with an estimated share of 12.9% and 12.5% respectively in output value in 2016. Out.. purchase to read more