London, 10 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Airport Construction Market in China 2015-2019, which is expected to grow at a CAGR of 18.53 percent during 2014-2019.
The government plans to adopt public-private partnership on a large scale to serve the growing infrastructural needs of the country. The PPP concept in infrastructure development is relatively new to China compared to other emerging and developed nations. China has upped its focus on private and foreign investment in infrastructure projects from the early 2000s. This is being supported by continuous improvement in government regulations.
“With the rapid pace of infrastructure development in China, there is a significant rise in CO2 emissions and increase in the carbon footprint,” says Faisal Ghaus, Vice President of TechNavio.
“Construction companies and contractors in China are focusing on constructing energy-efficient, small-carbon-footprint airports in order to achieve green building certifications.”
Key Market Drivers
- Rapid Urbanization
- Increase in Passenger and Freight Traffic
- Government Initiatives
Key Market Trends
- Increase in Airport Expansion Projects
- Private Capital in Infrastructure Projects
- Adoption of Sustainable Building Practices
- Focus on Non-aviation Revenues
- Hub for Neighboring Regions
Key Market Vendors
- China State Construction Engineering Corporation
- NACO
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
