China Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
China Construction Market Report Overview
The China construction market size was $4.7 trillion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028 supported by investment in energy and infrastructure projects during the forecast period.
China Construction Market Outlook, 2023-2028 ($ Billion)
Buy the Full Report to Know More about the China Construction Market Forecast
The China construction market research report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Chinese construction market growth in the coming years.
Market Size (2023) | $4.7 trillion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · China Railway Engineering Group Company Ltd
· China Railway Construction Corporation Group · China State Construction Engineering Corp Ltd · China Communications Construction Group Ltd · State Council of the People’s Republic of China |
Key Consultants | · China Railway Construction Corporation Group
· China Railway Engineering Group Company Ltd · China Communications Construction Group Ltd · Power Construction Corporation of China · Beijing Urban Construction Design & Development Group Co Ltd |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
China Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the China construction market in 2023
The key sectors in the China construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The improvement in tourism and robust public investment in data center and logistics projects will drive the commercial sector’s growth during the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. Investment in new manufacturing plants, in line with the government’s plan to increase China’s foreign trade volume, will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Increased transportation investment and an acceleration of project development by regional and local governments will support the infrastructure sector’s output during the forecast period.
Energy and utility construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s focus on generating half of energy consumption from renewables will drive the sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Government investment in healthcare, education, and research and development will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. A gradual improvement in consumer and investor confidence, in turn, will support the residential sector output over the forecast period.
China Construction Market Analysis by Sectors, 2023 (%)
Buy the Full Report for more Sector Insights into the China Construction Market
China Construction Market - Competitive Landscape
China Railway Engineering Group Company Ltd emerged as the leading contractor and China Railway Construction Corporation Group was the leading consultant in the Chinese construction market in 2023
A few of the leading contractors in the China construction market are:
- China Railway Engineering Group Company Ltd
- China Railway Construction Corporation Group
- China State Construction Engineering Corp Ltd
- China Communications Construction Group Ltd
Domestic contractors account for a majority share of the project pipeline in China.
China Construction Market Analysis by Contractors, 2023 (%)
Buy the Full Report to Know More about the Contractors in the China Construction Market
A few of the leading consultants in the China construction market are:
- China Railway Construction Corporation Group
- China Railway Engineering Group Company Ltd
- China Communications Construction Group Ltd
- Power Construction Corporation of China
- Beijing Urban Construction Design & Development Group Co Ltd
Consultants with headquarters outside China are involved in most of the project pipeline by value.
China Construction Market Analysis by Consultants, 2023 (%)
Buy the Full Report to Know More about Consultants in the China Construction Market
China Construction Market - Latest Developments
- Among the largest commercial projects the largest project currently in the pipeline is the billion Gwadar to Kashgar Railway Line project which involves the construction of a 1,800km railway line, 200km of tunnels, 60km of bridges, stations- and terminals, and the installation of signaling and safety systems, and the laying of rail tracks.
- The largest energy and utilities project currently in the pipeline is the Tibet Yarlung Tsangpo Hydroelectric Power Plant project, which is in the execution stage and involves the construction of a dam with a power generating capacity of 70GW on the Yarlung Tsangpo River in Medog County, Tibet.
Segments Covered in the Report
China Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in China.
- Historical and forecast valuations of the construction industry in China, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
Table
Figures
Frequently asked questions
-
What was the construction market size in China in 2023?
The construction market size in China was $4.7 trillion in 2023.
-
What will the China construction market growth rate be during the forecast period?
The construction market in China is projected to achieve an AAGR of more than 3% during 2025-2028.
-
Which sector accounted for the highest share of the China construction market in 2023?
The residential construction sector accounted for the highest market share in the Chinese construction market in 2023.
-
Which are the leading contractors in the Chinese construction market?
A few of the leading contractors in the Chinese construction market are China Railway Engineering Group Company Ltd, China Railway Construction Corporation Group, China State Construction Engineering Corp Ltd, China Communications Construction Group Ltd, and State Council of the People’s Republic of China among others.
-
Which are the leading consultants in the Chinese construction market?
A few of the leading consultants in the Chinese construction market are China Railway, Construction Corporation Group, China Railway Engineering Group Company Ltd, China Communications Construction Group Ltd, Power Construction Corporation of China, and Beijing Urban Construction Design & Development Group Co Ltd among others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.