China Construction Companies (2024 - 2029)

China Construction Market Companies Summary

China's construction market is experiencing a significant boom, with a focus on manufacturing. The country, which already has the largest building market globally, is expected to continue its growth trajectory. The impact of COVID-19 led to a decrease in investments and commercial activity, but plans unveiled in 2022 for the development of the construction industry during the 14th Five-Year Plan (2021-2025) aim to steer the sector towards a greener, smarter, and safer path. The government's specific focus is on the development of prefabricated buildings, which are partially or fully assembled in factories and shipped to construction sites for assembly. The Chinese construction market is fragmented, offering opportunities for small and medium players due to increasing government investments in the sector. Major players in the market include state-owned enterprises and private companies. The market presents opportunities for growth during the forecast period, expected to further drive market competition. Large competitors vie for a significant share, leaving the Chinese construction market with no observable levels of consolidation.