Lewes, DE -- (SBWire) -- 05/22/2015 --Report forecast the Construction market in China to grow at a CAGR of 12.14% over the period 2014-2019.
The Construction market in China is booming as the government is making efforts to bring it on par with the other emerging and developed countries in terms of infrastructure. Investments being made in the construction industry have been increasing drastically. One of the primary focuses of the 12th five-year plan (2011-2015) is on developing the construction sector in the country. NDRC has approved 55 major construction projects in the country. Out of the total approved projects, nearly 50% consist of railway projects. These large investments will not only drive the entire Earthmoving Equipment market in China but also boost the construction industry across the country.
According to the report, Government initiatives are playing a major role in driving market growth. Through the 12th Five-Year Plan, the government of China is making several efforts to improve the country's infrastructure. One of the initiatives is easing the FDI norms in the country.
Further, the report states that Even though the construction market in China is growing steadily, a weak regulatory framework and low quality of infrastructure are hindering growth. Vendors have to acquire many government approvals before getting final approval, and this leads to an escalation in project costs and time.
This report covers the present scenario and the growth prospects of the Construction market in China for the period 2015-2019. To calculate the market size, the report considers the construction market revenue as part of the GDP. The report also provides a forecast on the basis of market segmentation in China. The performance of the Construction market in China is forecast with the help of the predicted CAGR after the analysis of the present condition of the market. The report presents a detailed analysis of the key vendors operating in the market. In addition, it discusses the major drivers that influence growth, the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Key players in the Construction Market in China: CCCC, China Railway Construction AND China State Construction Engineering
Other Prominent Vendors in the market are: Dongfang Electric, Guangsha Construction Group and Sichuan Huashi Group
Market Driver
- Government Initiatives
- For a full, detailed list, view our report
Market Challenge
- Weak Regulatory Framework
- For a full, detailed list, view our report
Market Trend
- Increase in Sustainable Building
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 62 pages, "Construction Market in China 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Industry Overview, Market Landscape, Market Segmentation by Sector, Vendor Selection Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/construction-market-china-2015-2019
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