London, 18 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the Construction Market in China 2015-2019, which is expected to grow at a CAGR of 12.14% during 2014-2019.
China is one of the fastest-growing emerging markets worldwide. Its construction activities are expected to grow in accordance with the growth of the economy. The infrastructure construction market is expected to grow at a CAGR of 12.70 % during the period 2014-2019. The demand for urban infrastructure development has increased because of the rise in population, primarily due to people migrating from rural to urban areas.
“The relaxed rules for QFII and FDI have helped increase the accumulation of private capital in China,” says Faisal Ghaus, Vice President of Technavio.
“They have made the market more attractive to foreign players, leading to an increased inflow of advanced foreign technology and expertise.”
Key Market Drivers
- Government Initiatives
- Shift from Rural to Urban Development
- Investment in Construction Sector
Key Market Trends
- Increase in Sustainable Building
- Adoption of Labor-saving Practices
Key Market Vendors
- CCCC
- China Railway Construction
- China State Construction Engineering
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%…
