Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Recent events have put China's real estate sector in the spotlight. Fears stemming from Evergrande’s debt issues have spread throughout the financial industry, prompting runs on banks, particularly in Cangzhou, Hebei province, as reported in a recent CNN article. There is a growing need for comprehensive, reliable market data on China’s construction industry. Addressing this gap, the newly launched “China Construction Industry Databook Series” available on ResearchAndMarkets.com offers unprecedented insights into the country’s booming construction sector.
With the Evergrande crisis unfolding, business entrepreneurs and managers need an accurate representation of the construction industry's outlook in China. The databook reveals that, despite the challenges in certain construction sectors, the medium to long term growth story in China remains intact. By 2023, the construction industry is anticipated to grow by 8.0%, reaching a staggering CNY 10,267 billion. The momentum is expected to carry through, with a projected CAGR of 6.8% from 2023-2027, elevating the construction output to an estimated CNY 13,347.6 billion by 2027.
Key features of the databook include:
- Detailed Market Dynamics: A thorough analysis of the construction market, capturing value, volume, and number of units. This data-centric view provides an in-depth perspective on the industry’s structure, dynamics, and end-market opportunities.
- Residential and Commercial Construction Outlook: Comprehensive insights on construction types, development stages, key cities, and price points. The databook also delves into green building constructions, revealing market sizes and forecasts for the next decade.
- Institutional and Infrastructure Construction: From educational buildings to transportation infrastructure, the databook provides market analysis on a range of key segments, offering insights that will shape investment and business strategies.
- City-Level Analysis: A breakdown of the top 10 cities in China by construction value, ensuring a granular understanding of regional trends and dynamics.
This databook is an indispensable resource for business leaders who require a clearer understanding of China’s construction landscape amidst the backdrop of the Evergrande situation. Entrepreneurs and managers can leverage this databook to identify growth segments, target specific market opportunities, and develop city-specific strategies.
Key Benefits:
- Gain an in-depth understanding of China’s construction market dynamics.
- Access detailed volume and value data for both historical and forecast periods.
- Strategise effectively by identifying key market trends, drivers, and risks.
- Garner insights into city-level trends across tier-1, tier-2, and tier-3 cities.
In times of market uncertainty, knowledge is power. The “China Construction Industry Databook Series” serves as a beacon for businesses navigating the complex terrain of China's construction industry. Ensure you are equipped with the latest market insights and make informed decisions for your enterprise.
For more information about this report visit https://www.researchandmarkets.com/r/stgpn1
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