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12/16 08:33
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Market Size and Growth: The China construction market was valued at approximately USD 4.80 trillion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 6.00%, reaching around USD 8.60 trillion by 2034.
Infrastructure Development: Significant investments in infrastructure, including transportation networks and energy projects, are driving market growth. The Belt and Road Initiative (BRI) has notably increased demand for construction services.
International Financing: From 2013 to 2021, China provided at least $331 billion in financing to various countries, with African nations receiving $91 billion, highlighting China's role in global infrastructure development.
Investment Trends: In 2023, over two-thirds of China's regions invested more than $1.8 trillion in construction, indicating robust activity in the sector.
Major Players: Key companies in the market include China State Construction Engineering Corp. Ltd. (CSCEC), China Railway Tunnel Group Co., Ltd. (CRTG), and China Petrochemical Corp. (SINOPEC), among others. These companies are involved in large-scale projects both domestically and internationally.
Market Analysis Tools: The report employs Porter's five forces model and SWOT analysis to assess the competitive landscape and market dynamics.
Market Forecast: The report provides a detailed forecast of the China construction market from 2025 to 2034, highlighting key demand drivers and potential risks.
Key Industry Trends: The report discusses recent trends and developments in the construction sector, including economic indicators and urbanization trends that will shape the market's future.
