Construction Outlook in China to 2015

As Quoted In National Floor Trends		View a more recent version of this report
Study #: 2767
Document Type: Industry Study
Date Published: Jul-2011
Format:    Full study: PDF    Section, Pages, Tables and Charts: HTML
Pages: 237
Full Study Price: $5,400.00

Construction expenditures in China are expected to rise 9.4 percent annually through 2015. The residential building sector will surpass nonresidential buildings as the leading market, while nonbuilding construction grows the fastest. The populous Central-East region will remain the largest market while the Northwest region grows the fastest. This study analyzes the 9.1 trillion yuan construction industry in China. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by type (new construction, additions and alterations, maintenance and repairs), market (residential building, nonresidential building, nonbuilding) and region. The study also considers market environment factors, details industry structure, evaluates company market share and profiles 40 industry participants, including China Railway Group, China Railway Construction and China State Construction Engineering.         TABLE OF CONTENTS SECTION PAGE INTRODUCTION x I. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4 General 4 Economic Overview 5 Recent Economic Performance 5 Economic Outlook 7 Demographic Overview 12 Population 12 Urbanization 15 Households 16 Industrialization & Manufacturing Trends 18 Gross Fixed Capital Formation Trends 21 Labor Force & Employment Patterns 22 Personal Income Trends 25 Banking System & Regulations 28 Currency Exchange Rates 32 Inflation & Pricing Patterns 35 Legal & Regulatory Environment 37 Construction Technology & Quality 41 The Five-Year Plan 43 III. OVERVIEW 46 General 46 Construction Expenditures by Type 46 Construction Expenditures by Market 49 International Environment 52 Construction Expenditures for Selected Countries 52 Foreign Participation in China’s Construction Industry 54 IV. RESIDENTIAL BUILDING 56 General 56 New Housing Construction Expenditures 61 New Housing Completions 64 Single Family 65 Multiple Family 67 Additions & Alterations 68 Maintenance & Repairs 70 Housing Stock 72 Single Family 75 Multiple Family 76 Ownership 78 Living Space 79 Rural 81 Urban 82 V. NONRESIDENTIAL BUILDING 84 General 84 New Construction 88 Additions & Alterations 89 Maintenance & Repairs 90 Structure Types 90 Industrial 92 Office & Commercial 93 Institutional 94 Other 95 Nonresidential Building Stock 96 VI. NONBUILDING CONSTRUCTION 98 General 98 New Construction 101 Maintenance & Repairs 103 Structure Types 103 Roads & Other Transportation Infrastructure 105 Utilities 108 Other 109 VII. REGIONAL TRENDS 110 General 110 Regional Demographic & Economic Trends 112 Population Patterns 113 Economic Outlook 115 Regional Construction Expenditures 117 Central-North 119 Overview 119 Construction Expenditures 121 Northeast 123 Overview 123 Construction Expenditures 125 Central-East 127 Overview 127 Construction Expenditures 129 Central-South 131 Overview 131 Construction Expenditures 133 Southwest 135 Overview 135 Construction Expenditures 137 Northwest 139 Overview 139 Construction Expenditures 141 VIII. INDUSTRY STRUCTURE 144 General 144 Industry Composition 145 Market Share 148 Marketing 151 Financial Issues & Requirements 154 Capital Expenditures 155 Project Funding 157 State 157 Private Domestic 158 Foreign Investment 158 Company Profiles 159 Aker Solutions ASA 160 Anhui Construction Engineering Group Company Limited 161 Balfour Beatty plc 163 Bechtel Group Incorporated 165 Beijing Chang Cheng Bilfinger Berger Construction Engineering, see Beijing Construction Engineering Group and Bilfinger Berger Beijing Construction Engineering Group Company Limited 167 Beijing Research Institute of Metallurgical Equipment, see China Metallurgical Group Beijing Urban Construction Group Company Limited 169 Bilfinger Berger SE 171 Black & Veatch Holding Company 173 Bouygues SA 175 Bovis Lend Lease Projects Shanghai, see Lend Lease China Communications Construction Company Limited 177 China Gezhouba Group Company Limited 180 China National Chemical Engineering Company Limited 182 China National Machinery Industry Corporation 183 China Railway Construction Corporation Limited 185 China Railway Group Limited 187 China State Construction Engineering Corporation 189 Chiyoda Corporation 192 CTCI Corporation 194 Dongfang Electric Corporation 197 Fluor Corporation 198 Foster Wheeler AG 200 Fujian Construction Engineering Group Company 202 Gammon Construction, see Balfour Beatty Guangdong Construction Engineering Group Corporation Limited 204 Guangsha Construction Group Company Limited 205 Hebei Construction Group Company Limited 206 Hip Hing Construction, see NWS Holdings HOCHTIEF AG 208 Hunan Construction Engineering Group Corporation 210 Jacobs Engineering Group Incorporated 211 Jiangsu Suzhong Construction Group Company Limited 213 Jingding Engineering & Construction, see CTCI Leighton Holdings, see HOCHTIEF Lend Lease Corporation Limited 215 Metallurgical Group of China Limited 217 NWS Holdings Limited 220 Qingjian Group Company Limited 222 Shaanxi Construction Engineering Group Corporation 223 Shang Ding Engineering & Construction, see CTCI Shanghai Construction Group General Company 225 Shanghai Urban Construction Group Corporation 227 Sichuan Huashi Group Corporation Limited 228 Sinohydro Corporation 230 URS Corporation 232 WISDRI Engineering & Research, see China Metallurgical Group Xinjiang Construction Engineering Group, see China State Construction Engineering Zhejiang Construction Investment Group Company Limited 234 Other Companies Mentioned in Study 236 LIST OF TABLES TABLE NUMBER PAGE SECTION I -- EXECUTIVE SUMMARY Summary Table 3 SECTION II -- MARKET ENVIRONMENT 1 Gross Domestic Product of China 11 2 Population of China 14 3 Households in China by Region 17 4 Manufacturing Value Added in China 20 5 Gross Fixed Capital Formation in China by Region 22 6 Urban Labor Force & Employment in China, 2000-2010 24 7 Per Capita Gross Domestic Product in China by Region 27 8 Interest Rates in China, 2000-2010 32 9 Chinese Currency Exchange Rates, 2000-2010 34 10 Construction Pricing Deflators in China 37 SECTION III -- OVERVIEW 1 Construction Expenditures in China by Type 48 2 Construction Expenditures in China by Market 51 3 Construction Expenditures for Selected Countries, 2000-2010 53 4 Foreign Participation in China’s Construction Industry 55 SECTION IV -- RESIDENTIAL BUILDING 1 Residential Building Construction Expenditures in China by Type 60 2 New Housing Construction Expenditures in China 63 3 New Housing Completions in China 65 4 Residential Building Addition & Alteration Expenditures in China 70 5 Residential Building Maintenance & Repair Expenditures in China 72 6 Housing Stock in China by Type & Ownership 74 7 Average Living Space in China 80 SECTION V -- NONRESIDENTIAL BUILDING 1 Nonresidential Building Construction Expenditures in China by Type 87 2 Nonresidential Building Construction Expenditures in China by Structure 91 3 Nonresidential Building Stock in China 97 SECTION VI -- NONBUILDING CONSTRUCTION 1 Nonbuilding Construction Expenditures in China by Type 101 2 Nonbuilding Construction Expenditures in China by Structure 104 3 Paved Roads in China by Region 107 SECTION VII -- REGIONAL TRENDS 1 Population of China by Region 114 2 Gross Domestic Product of China by Region 116 3 Construction Expenditures in China by Region 118 4 Central-North Region of China: Construction Expenditures 123 5 Northeast Region of China: Construction Expenditures 127 6 Central-East Region of China: Construction Expenditures 131 7 Central-South Region of China: Construction Expenditures 135 8 Southwest Region of China: Construction Expenditures 139 9 Northwest Region of China: Construction Expenditures 143 SECTION VIII -- INDUSTRY STRUCTURE 1 Revenue Data: Selected Construction Companies, 2010 147 2 Selected Cooperative Agreements 153 LIST OF CHARTS CHART NUMBER PAGE SECTION II -- MARKET ENVIRONMENT 1 Population of China by Age, 2000-2020 14 2 Households in China by Region, 2000-2020 18 3 Urban Labor Force & Unemployment Rate in China, 2000-2010 25 4 Per Capita Gross Domestic Product in China by Region, 2010 28 5 Chinese Currency Exchange Rates, 2000-2010 35 SECTION III -- OVERVIEW 1 Construction Expenditures in China by Type, 2000-2020 49 2 Construction Expenditures in China by Market, 2000-2020 51 SECTION IV -- RESIDENTIAL BUILDING 1 Residential Building Construction Expenditures in China by Type, 2000-2020 61 2 New Housing Construction Expenditures in China, 2000-2020 63 3 Housing Stock in China by Type, 2000-2020 75 4 Average Living Space in China, 2000-2020 81 SECTION V -- NONRESIDENTIAL BUILDING 1 Nonresidential Building Construction Expenditures by Type, 2010 88 2 Nonresidential Building Construction Expenditures by Structure, 2010 92 SECTION VI -- NONBUILDING CONSTRUCTION 1 Nonbuilding Construction Expenditures in China by Structure, 2010 105 2 Total & Paved Roads in China, 2000-2020 107 SECTION VII -- REGIONAL TRENDS 1 Gross Domestic Product of China by Region, 2010 116 2 Construction Expenditures in China by Region, 2010 119 3 Central-North Region of China 121 4 Northeast Region of China 125 5 Central-East Region of China 129 6 Central-South Region of China 133 7 Southwest Region of China 137 8 Northwest Region of China 141 SECTION VIII -- INDUSTRY STRUCTURE 1 Construction Market Share in China by Company, 2010 148 Related Links Roofing in China to 2012 Cement in China to 2012 Asphalt in China to 2012 World Residential Countertops to 2013 Flat Glass in China to 2013 World Cement to 2013 World Asphalt to 2013 Insulation in China to 2013 World Drywall & Building Plasters to 2014 World Roofing to 2014 World Solid Surface & Other Cast Polymers to 2014 World Lighting Fixtures to 2014 World Housing to 2014 World Electric Lighting to 2014 World Flat Glass to 2014 World Flooring & Carpets to 2014 Windows & Doors in China to 2014 Click here to view PDF of study brochure in full screen.                        Construction Outlook in China to 2015 $5,400.00 INTRODUCTION - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $0.00 Methodology & Sources of Information $0.00 EXECUTIVE SUMMARY - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $95.00 Overview $35.00 CONSTRUCTION EXPENDITURES IN CHINA (billion 2009 yuan) 2005 - 2020 $60.00 MARKET ENVIRONMENT - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $1,685.00 General $35.00 Economic Overview (1 of 6) $35.00 Economic Overview (2 of 6) $35.00 Economic Overview (3 of 6) $35.00 Economic Overview (4 of 6) $35.00 Economic Overview (5 of 6) $35.00 Economic Overview (6 of 6) $35.00 GROSS DOMESTIC PRODUCT OF CHINA 2000 - 2020 $60.00 Demographics - Population (1 of 2) $35.00 Demographics - Population (2 of 2) $35.00 POPULATION OF CHINA (million persons) 2000 - 2020 $60.00 Demographics - Urbanization $35.00 Demographics - Households $35.00 HOUSEHOLDS IN CHINA BY REGION (million units) 2000 - 2020 $60.00 Industrialization & Manufacturing Trends (1 of 2) $35.00 Industrialization & Manufacturing Trends (2 of 2) $35.00 MANUFACTURING VALUE ADDED IN CHINA (billion 2009 yuan) 2000 - 2020 $60.00 Gross Fixed Capital Formation Trends $35.00 GROSS FIXED CAPITAL FORMATION IN CHINA BY REGION (billion 2009 yuan) 2000 - 2020 $60.00 Labor Force & Employment Patterns $35.00 URBAN LABOR FORCE & EMPLOYMENT IN CHINA, 2000 - 2010 $60.00 Personal Income Trends (1 of 2) $35.00 Personal Income Trends (2 of 2) $35.00 PER CAPITA GROSS DOMESTIC PRODUCT IN CHINA BY REGION (2009 yuan) 2000 - 2020 $60.00 Banking System & Regulations (1 of 3) $35.00 Banking System & Regulations (2 of 3) $35.00 Banking System & Regulations (3 of 3) $35.00 INTEREST RATES IN CHINA, 2000 - 2010 (annual percentage rate) $60.00 Currency Exchange Rates $35.00 CHINESE CURRENCY EXCHANGE RATES, 2000 - 2010 (yuan per foreign currency) $60.00 Inflation & Pricing Patterns (1 of 2) $35.00 Inflation & Pricing Patterns (2 of 2) $35.00 CONSTRUCTION PRICING DEFLATORS IN CHINA (2009=100) 2000 - 2020 $60.00 Legal & Regulatory Environment (1 of 4) $35.00 Legal & Regulatory Environment (2 of 4) $35.00 Legal & Regulatory Environment (3 of 4) $35.00 Legal & Regulatory Environment (4 of 4) $35.00 Construction Technology & Quality (1 of 2) $35.00 Construction Technology & Quality (2 of 2) $35.00 The Five-Year Plan (1 of 2) $35.00 The Five-Year Plan (2 of 2) $35.00 OVERVIEW - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $380.00 Construction Expenditures by Type $35.00 CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2009 yuan) 2000 - 2020 $60.00 Construction Expenditures by Market $35.00 CONSTRUCTION EXPENDITURES IN CHINA BY MARKET (billion 2009 yuan) 2000 - 2020 $60.00 Construction Expenditures - International Environment $35.00 CONSTRUCTION EXPENDITURES FOR SELECTED COUNTRIES, 2000 - 2010 (billion US dollars) $60.00 Foreign Participation in China’s Construction Industry $35.00 FOREIGN PARTICIPATION IN CHINA’S CONSTRUCTION INDUSTRY (billion 2009 yuan) 2000 - 2020 $60.00 RESIDENTIAL BUILDING - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $1,015.00 Overview (1 of 4) $35.00 Overview (2 of 4) $35.00 Overview (3 of 4) $35.00 Overview (4 of 4) $35.00 RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2009 yuan) 2000 - 2020 $60.00 New Housing Construction Expenditures $35.00 NEW HOUSING CONSTRUCTION EXPENDITURES IN CHINA (billion 2009 yuan) 2000 - 2020 $60.00 New Housing Completions - Overview $35.00 NEW HOUSING COMPLETIONS IN CHINA 2000 - 2020 $60.00 New Housing Completions - Single Family $35.00 New Housing Completions - Multiple Family $35.00 Residential Additions & Alterations $35.00 RESIDENTIAL BUILDING ADDITION & ALTERATION EXPENDITURES IN CHINA (billion 2009 yuan) 2000 - 2020 $60.00 Residential Maintenance & Repairs $35.00 RESIDENTIAL BUILDING MAINTENANCE & REPAIR EXPENDITURES IN CHINA (billion 2009 yuan) 2000 - 2020 $60.00 Housing Stock - Overview $35.00 HOUSING STOCK IN CHINA BY TYPE & OWNERSHIP (million units) 2000 - 2020 $60.00 Housing Stock - Single Family $35.00 Housing Stock - Multiple Family $35.00 Housing Stock - Ownership $35.00 Living Space - Overview $35.00 AVERAGE LIVING SPACE IN CHINA 2000 - 2020 $60.00 Living Space - Rural $35.00 Living Space - Urban $35.00 NONRESIDENTIAL BUILDING - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $600.00 Overview (1 of 3) $35.00 Overview (2 of 3) $35.00 Overview (3 of 3) $35.00 NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2009 yuan) 2000 - 2020 $60.00 New Nonresidential Construction $35.00 Nonresidential Additions & Alterations $35.00 Nonresidential Maintenance & Repairs $35.00 Nonresidential Structure Types $35.00 NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY STRUCTURE (billion 2009 yuan) 2000 - 2020 $60.00 Industrial Construction $35.00 Office & Commercial Construction $35.00 Institutional Construction $35.00 Other Nonresidential Construction $35.00 Nonresidential Building Stock $35.00 NONRESIDENTIAL BUILDING STOCK IN CHINA (million square meters) 2000 - 2020 $60.00 NONBUILDING CONSTRUCTION - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $495.00 Overview (1 of 3) $35.00 Overview (2 of 3) $35.00 Overview (3 of 3) $35.00 NONBUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2009 yuan) 2000 - 2020 $60.00 New Nonbuilding Construction $35.00 Nonbuilding Maintenance & Repairs $35.00 Nonbuilding Structure Types $35.00 NONBUILDING CONSTRUCTION EXPENDITURES IN CHINA BY STRUCTURE (billion 2009 yuan) 2000 - 2020 $60.00 Construction of Roads & Other Transportation Infrastructure $35.00 PAVED ROADS IN CHINA BY REGION (thousand kilometers) 2000 - 2020 $60.00 Utilities Construction $35.00 Other Nonbuilding Construction $35.00 REGIONAL TRENDS - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $1,380.00 General (1 of 2) $35.00 General (2 of 2) $35.00 Regional Demographic & Economic Trends $35.00 Regional Population Patterns $35.00 POPULATION OF CHINA BY REGION (million persons) 2000 - 2020 $60.00 Regional Economic Outlook $35.00 GROSS DOMESTIC PRODUCT OF CHINA BY REGION (billion 2009 yuan) 2000 - 2020 $60.00 Regional Construction Expenditures $35.00 CONSTRUCTION EXPENDITURES IN CHINA BY REGION (billion 2009yuan) 2000 - 2020 $60.00 Central-North Region - Overview $35.00 PROFILE OF CENTRAL-NORTH REGION, 2010 $35.00 Central-North Region - Construction Expenditures $35.00 CENTRAL-NORTH REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2009 yuan) 2000 - 2020 $60.00 Northeast Region - Overview $35.00 PROFILE OF NORTHEAST REGION, 2010 $35.00 Northeast Region - Construction Expenditures $35.00 NORTHEAST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2009 yuan) 2000 - 2020 $60.00 Central-East Region - Overview $35.00 PROFILE OF CENTRAL-EAST REGION, 2010 $35.00 Central-East Region - Construction Expenditures $35.00 CENTRAL-EAST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2009 yuan) 2000 - 2020 $60.00 Central-South Region - Overview $35.00 PROFILE OF CENTRAL-SOUTH REGION, 2010 $35.00 Central-South Region - Construction Expenditures $35.00 CENTRAL-SOUTH REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2009 yuan) 2000 - 2020 $60.00 Southwest Region - Overview $35.00 PROFILE OF SOUTHWEST REGION, 2010 $35.00 Southwest Region - Construction Expenditures $35.00 SOUTHWEST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2009 yuan) 2000 - 2020 $60.00 Northwest Region - Overview $35.00 PROFILE OF NORTHWEST REGION, 2010 $35.00 Northwest Region - Construction Expenditures $35.00 NORTHWEST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2009 yuan) 2000 - 2020 $60.00 INDUSTRY STRUCTURE - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $565.00 General $35.00 Industry Composition $35.00 REVENUE DATA: SELECTED CONSTRUCTION COMPANIES, 2010 (billion yuan) $60.00 Market Share (1 of 2) $35.00 Market Share (2 of 2) $35.00 CONSTRUCTION MARKET SHARE IN CHINA BY TOP COMPANIES, 2010 (percent) $60.00 Marketing (1 of 2) $35.00 Marketing (2 of 2) $35.00 SELECTED COOPERATIVE AGREEMENTS $60.00 Financial Issues & Requirements (1 of 2) $35.00 Financial Issues & Requirements (2 of 2) $35.00 Capital Expenditures (1 of 2) $35.00 Capital Expenditures (2 of 2) $35.00 Project Funding $35.00 COMPANY PROFILES - CONSTRUCTION OUTLOOK IN CHINA TO 2015 $1,575.00 Company Profiles Methodology $35.00 Aker Solutions $35.00 Anhui Construction Engineering Group Company $35.00 Balfour Beatty (Gammon Construction) $35.00 Bechtel Group (Bechtel-CITIC) $35.00 Beijing Construction Engineering Group Company (Beijing Chang Cheng Bilfinger Berger Construction Engineering) $35.00 Beijing Urban Construction Group Company $35.00 Bilfinger Berger (Beijing Chang Cheng Bilfinger Berger Construction Engineering) $35.00 Black & Veatch Holding Company $35.00 Bouygues SA (VSL China Engineering) $35.00 China Communications Construction Company (1 of 2) $35.00 China Communications Construction Company (2 of 2) $35.00 China Gezhouba Group Company $35.00 China National Chemical Engineering Company $35.00 China National Machinery Industry $35.00 China Railway Construction $35.00 China Railway Group $35.00 China State Construction Engineering (Xinjiang Construction) $35.00 Chiyoda Corporation $35.00 CTCI Corporation (Shang Ding Engineering) (Jingding Engineering) (1 of 2) $35.00 CTCI Corporation (Shang Ding Engineering) (Jingding Engineering) (2 of 2) $35.00 Dongfang Electric $35.00 Fluor Corporation $35.00 Foster Wheeler $35.00 Fujian Construction Engineering Group Company $35.00 Guangdong Construction Engineering Group $35.00 Guangsha Construction Group Company $35.00 Hebei Construction Group Company $35.00 HOCHTIEF AG (Leighton) $35.00 Hunan Construction Engineering Group $35.00 Jacobs Engineering Group $35.00 Jiangsu Suzhong Construction Group Company $35.00 Lend Lease (Bovis Lend Lease Projects Shanghai) $35.00 Metallurgical Group of China (WISDRI Engineering) (Beijing Research Institute of Metallurgical Equipment) (1 of 2) $35.00 Metallurgical Group of China (WISDRI Engineering) (Beijing Research Institute of Metallurgical Equipment) (2 of 2) $35.00 NWS Holdings (Hip Hing Construction) $35.00 Qingjian Group Company $35.00 Shaanxi Construction Engineering Group $35.00 Shanghai Construction Group General Company $35.00 Shanghai Urban Construction Group $35.00 Sichuan Huashi Group $35.00 Sinohydro Corporation $35.00 URS Corporation $35.00 Zhejiang Construction Investment Group Company $35.00 Other Companies Mentioned in Study $35.00