Construction outlook in China
Study 2356, The Freedonia Group, Inc., Cleveland, OH, USA, 2008, 221 p., USD 5,100.00
Freedonia has published a new study on the CNY 4.8 trillion Chinese construction sectors with a forecast through 2012. The study presents historical demand data (1997, 2002 and 2007) and forecasts for 2012 and 2017 by type, market (new construction, additions and alterations, maintenance and repair) and geographic region.
The study evaluates market environment factors, industry structure, and company market share and profiles 42 industry competitors. According to the study, construction expenditures in China will grow 9.2 % annually through 2012. Non-building construction will be the fastest growing sector based on government initiatives to expand and upgrade highways, railways and subway systems, power generation capacity, electricity transmission networks, water supply, and natural gas distribution.
Non-residential building such as manufacturing, office, and commercial facilities will remain the largest market while residential building construction will grow modestly.