China Transportation Infrastructure Construction Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Transportation Infrastructure Construction Market Analysis
The China transportation infrastructure construction market is expected to register a growth rate of over 7% during the forecast period of 2022-2027.
The COVID-19 had a significant impact on the China construction sector in 2020. Despite the fact that COVID-19 is projected to slow infrastructure development, construction is expected to pick up. In 2021, the transport infrastructure construction market began to rise after the COVID-19 impact. Economic activity in China has resumed after weeks of the shutdown, and infrastructure work has resumed, as an early sign of recovery.
In 2021, the revenue of major players like China State Construction Engineering Corporation and China Railway Construction Corporation was USD 253.7 billion and 142.5 billion respectively.
China's economic growth has remained generally stable during the pandemic, the development trend of stability and progress, the main macroeconomic indicators are operating in a reasonable range, and the economic structure is being optimized and adjusted.
A series of infrastructure construction projects have begun across China in the final months of the year, as the country's construction boom continues to boost economic growth in the fourth quarter and looks to continue doing so into 2022.
China Transportation Infrastructure Construction Market Trends
This section covers the major market trends shaping the China Transportation Infrastructure Construction Market according to our research experts:
Government Initiatives Driving Transport Infrastructure Construction Market in China
China's top leaders have paid great attention to transport infrastructure construction and drawn up plans accordingly. Two guidelines about transport planning were released by the central government in FY20 and FY19.The guidelines have mapped out China's transport development over 30 years.
The plan released in 2020 said a more convenient and high-quality transportation network will be built by 2035, allowing most people to have access to a national highway within 15 minutes, a freeway in half an hour and a railway in an hour.
China has more than 40,000 km of high-speed railways, 168,000 km of freeways as well as 248 airports for commercial flights.
This year, China is expected to build more than 3,300 kilometers of railways, build or renovate more than 8,000 km of freeways, and establish eight commercial airports.
Increase in Value of Contracts
China is increasingly turning to state-led investment to stabilise its economy, hoping mega infrastructure projects will stimulate local business and create jobs.
In late December 2021, China's finance ministry had offered local governments an early allocation of USD 229 billion in quotas for 2022 special-purpose bonds to help spur investment and support the economy.
In 2021, approximately USD 5.42 billion worth of new contracts were signed by the construction enterprises in China, accounting for more than a half of the total value. Driven by the rapid urbanization, the construction industry in China exceeded the output of USD 0.72 billion in that year.
In 2020, China Railway Construction Corporation (1186) announced its value of newly signed contracts for the first three quarters this year rose 25.07% from a year ago to USD 176 billion. For the third quarter, its value of newly signed contracts spiked 40.3% to USD 62.3 billion.
China Transportation Infrastructure Construction Industry Overview
China transportation infrastructure construction market is moderately consolidated, as most of the projects are owned by major players in the industry small scale players have less scope in the industry. Some of the major players includes China State Construction Engineering Corporation Ltd, China Railway Group, China Railway Construction Corporation, China Communications Construction Company, Power Construction Corporation of China.
China Transportation Infrastructure Construction Market Leaders
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China State Construction Engineering Corporation Ltd
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China Railway Group
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China Railway Construction Corporation
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China Communications Construction Company
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Power Construction Corporation of China
*Disclaimer: Major Players sorted in no particular order
China Transportation Infrastructure Construction Market News
In March 2022, Cherchell Bypass Expressway constructed by CSCEC in Algeria was awarded as a model project of foreign investment and economic cooperation in 2021 by Hunan Province. The project is a 18.37-km-long four-lane expressway with a design speed of 110 km per hour.
In December 2021, China Railway Construction corporation entered into new services provision framework agreement for a term of three years from January 2022 to December 2024. Under deal, controlling shareholder to provide design, survey and other services related to livelihood and logistics.
China Transportation Infrastructure Construction Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Rsearch Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Value Chain / Supply Chain Analysis
4.6 Government Regulations and Initiatives
4.7 Technological Developments in the Sector
4.8 Porter's Five Forces Analysis
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Mode
5.1.1 Roadways
5.1.2 Railways
5.1.3 Airports
5.1.4 Ports and Inland Waterways
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 China State Construction Engineering
6.2.2 China Railway Group
6.2.3 China Railway Construction
6.2.4 China Communications Construction Company
6.2.5 Power Construction Corporation of China
6.2.6 Shanghai Construction Group (SCG)
6.2.7 Yunnan Construction and Investment Holding Group
6.2.8 Sichuan Road and Bridge Group
6.2.9 China Wu Yi co., Ltd.
6.2.10 Beijing Construction Engineering Group*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. Appendix
China Transportation Infrastructure Construction Industry Segmentation
Transportation infrastructure is referred to the framework that facilitates the transportation system. Roads, railways, ports, and airports are all part of it. On a daily basis, transportation infrastructure connects people to jobs, health care, education, etc. It makes it easier to provide and receive goods and services worldwide.
The China Transportation Infrastructure Construction Market is segmented by Mode (Roadways, Railways, Airways, Ports and Inland Waterways). The report offers market size and forecasts for China Transportation Infrastructure market in value (USD Billion) for above segment.
| By Mode | |
| Roadways | |
| Railways | |
| Airports | |
| Ports and Inland Waterways |
China Transportation Infrastructure Construction Market Research FAQs
What is the current China Transportation Infrastructure Construction Market size?
The China Transportation Infrastructure Construction Market is projected to register a CAGR of 7% during the forecast period (2024-2029)
Who are the key players in China Transportation Infrastructure Construction Market?
China State Construction Engineering Corporation Ltd, China Railway Group, China Railway Construction Corporation, China Communications Construction Company and Power Construction Corporation of China are the major companies operating in the China Transportation Infrastructure Construction Market.
What years does this China Transportation Infrastructure Construction Market cover?
The report covers the China Transportation Infrastructure Construction Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the China Transportation Infrastructure Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Transportation Infrastructure Construction Industry Report
Statistics for the 2024 China Transportation Infrastructure Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Transportation Infrastructure Construction analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
