The Chinese Construction Industry Report is Segmented by Sector (Residential, Commercial, Industrial, Infrastructure (transportation), Energy, and Utilities). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

In 2024, the China Construction Market reached $2.99 trillion, and is projected to surge to $4.11 trillion by 2030 due to government-backed initiatives

In 2024, the construction industry in China generated an output of over *********** yuan, representing an increase of more than ***percent from a decade ago. Stimulus from the real estate sector and government-funded projects With the liberalization of the housing market in the late 1990s, China's real estate industry enjoyed a 20-year boom since the early 2000s. Amidst the surge in housing prices, local governments across China received considerable non-tax revenue from land leases and in turn, invested the funds in infrastructure development projects. This led to the continuous prosperity of the country’s construction industry. A vital segment of China’s economy Thanks to the stimulus from housing developments and infrastructure projects, the construction industry is now one of the pillar industries of China's economy, accounting for around ***** percent of the country's GDP. However, with the recent difficulties experienced by many major real estate enterprises, and the stagnation in infrastructure construction owing to local governments' debt situation, China's construction sector faces a somewhat uncertain future.

The China construction market, valued at $4.59 billion in 2025, is projected to experience robust growth, driven by significant investments in infrastructure development, urbanization, and energy transition initiatives. A Compound Annual Growth Rate (CAGR) of 5.07% from 2025 to 2033 indicates a substantial expansion, reaching an estimated market value exceeding $7 billion by 2033. Key growth drivers include government policies promoting sustainable development, rapid economic growth fueling demand for residential and commercial construction, and the ongoing expansion of transportation networks (high-speed rail, roads, and ports). The market is segmented across residential, commercial, industrial, infrastructure (transportation), and energy and utilities sectors, with infrastructure projects playing a dominant role, given the government's focus on modernization. Major players like China State Construction Engineering, China Communications Construction Company, and China Railway Group are leveraging their expertise and scale to capitalize on this growth. While challenges exist, including potential material price fluctuations and environmental regulations, the overall outlook remains positive, supported by sustained government investment and a burgeoning middle class driving housing demand. Despite the promising outlook, the market faces some restraints. These include potential labor shortages, the need for enhanced technological adoption to improve efficiency and sustainability, and managing the environmental impact of large-scale construction projects. Navigating these challenges will be crucial for continued growth. The increasing emphasis on sustainable construction practices presents both a challenge and an opportunity, requiring companies to invest in green technologies and eco-friendly building materials. This focus on sustainability will influence future growth and necessitate adaptation from market players. The ongoing geopolitical landscape and potential economic shifts could also influence the trajectory of this dynamic market in the coming years, requiring continuous monitoring and strategic adjustments by businesses operating within this sector. Recent developments include: December 2023: Recently, "Engineering News-Record" (ENR), one of the world's most authoritative academic journals in engineering and construction, announced the winners of the 2023 Global Best Projects Awards. I received awards for two projects. The Lamu Port Berth 1-3 Project was honored with the Award of Merit in the Airport and Port category, while the Peljesac Bridge and its access roads in Croatia received the Award of Merit in the Bridge and Tunnel category., July 2023: The Shaoxing Metro Line 2, constructed by CRCC, officially opened, marking the commencement of a new era of automated and driverless subway systems in Shaoxing. This 10.8-kilometer line, featuring nine stations, represents Shaoxing's inaugural automated and driverless subway and the second in Zhejiang Province. As a co-host city with the most events for the Asian Games, the inauguration of Line 2 will further boost the development of the "Commuting Circle" for the Hangzhou Asian Games, providing robust support for the successful hosting of the event.. Key drivers for this market are: Government Infrastructure Spending, Urbanization and Increasing Disposable Incomes. Potential restraints include: Oversupply in the Real Estate, Labor Shortages. Notable trends are: Increase in Output value of China Construction Industry.

The construction decoration sector in China was growing steadily, reaching a total output value of roughly **** trillion yuan in 2023. Benefiting from the rapid urbanization, the construction industry in China generated an output of over **** trillion yuan in 2023.

China has become the largest construction market in the world. In 2020, the construction industry value in China amounted to ***** billion U.S. dollars. As the government has planned to focus on improving the infrastructure in small and medium-sized cities, the construction industry was forecasted to maintain a continuous growth at around **** percent annually.

China Building Construction: Value Completed: Total data was reported at 7,863,563.000 RMB mn in 2024. This records a decrease from the previous number of 8,182,805.000 RMB mn for 2023. China Building Construction: Value Completed: Total data is updated yearly, averaging 6,104,224.970 RMB mn from Dec 2003 (Median) to 2024, with 22 observations. The data reached an all-time high of 8,182,805.000 RMB mn in 2023 and a record low of 901,173.500 RMB mn in 2003. China Building Construction: Value Completed: Total data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.ED: Construction: Building Construction: Value Completed.

In 2022, the annual revenue of construction project supervision enterprises in China amounted to more than 1.28 trillion yuan. These companies act as the project managers overseeing the construction. Its main tasks include cost control, schedule control, and quality control.

The China Construction Equipment Market Report is Segmented by Machinery Type (Earth-Moving Machinery, Material-Handling Machinery, and More), Drive Type (Internal-Combustion, Hybrid, and More), Sales Channel (OEM Direct Sales, and Authorized Dealer Sales), and Application (Building Construction, Infrastructure Construction, and More). The Market Forecasts are Provided in Terms of Value (USD).

Over the five years through 2023, revenue for the Building Construction industry is expected to have been growing at an average annualized 4.4%, to $3.0 trillion. This includes an anticipated increase of 4.7% in 2023. There are approximately 36,700 construction firms in this industry. Most major players also have operations in civil engineering, real estate development, professional engineering services, plan designing, building materials manufacturing and construction equipment manufacturing. By operating across different sectors, firms can minimize their costs and maintain stable supply sources.Larger general contractors are relatively stable and less vulnerable to external influences due to their broad business scope and established relationships with real estate developers, local government and material supply sources.In 2023, the average profit level for the industry is estimated at 4.6% of industry revenue, although some large firms can earn a profit of 8.0% or more. The industry is generally profitable as the government controls many construction enterprises – particularly large-scale organizations – and provides them with preferable policies.The industry is highly influenced by China's real estate industry. Rapidly increasing housing prices in major cities have resulted in the State Council and first-tier cities issuing a series of measures to curb speculative housing demand and prevent excessive price growth. These policies caused declines in sales volume and average prices of commercial residential buildings and have discouraged real estate investment and new house starts. However, an rise in the number of government-mandated indemnificatory houses is lifting demand for building construction services and offsetting the slowed growth in the commercial residential buildings market. As a result, ACMR-IBISWorld projects that in the five years through 2028, industry revenue is forecast to continue growing at an average annualized 3.8%, to reach $3.6 trillion.

China Construction: Project Revenue data was reported at 26,800,738.923 RMB mn in 2022. This records an increase from the previous number of 26,245,381.074 RMB mn for 2021. China Construction: Project Revenue data is updated yearly, averaging 3,940,958.660 RMB mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 26,800,738.923 RMB mn in 2022 and a record low of 116,953.690 RMB mn in 1990. China Construction: Project Revenue data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: All.

The China construction machinery market, valued at approximately $XX million in 2025 (assuming a logical extrapolation based on the provided CAGR of 5.10% and a known 2019-2024 historical period), is experiencing robust growth, projected to maintain a steady CAGR of 5.10% through 2033. This expansion is fueled by several key drivers: China's continued substantial investment in infrastructure development, including its Belt and Road Initiative; urbanization and the ongoing need for modernized housing and commercial buildings; and a growing emphasis on renewable energy projects and related infrastructure. Technological advancements, such as the integration of hybrid and electric drive systems in construction machinery, are shaping market trends, promoting greater efficiency and reducing environmental impact. However, challenges remain, including potential fluctuations in government spending, global economic uncertainty, and the need to address ongoing supply chain complexities. Market segmentation reveals strong demand across various machinery types, with cranes, excavators, and loaders consistently performing well. The OEM sales channel dominates, but the aftermarket segment is also growing steadily as the installed base of machinery expands. Competition is fierce, with both domestic giants like XCMG and Sany Group, as well as international players such as Caterpillar and Liebherr, vying for market share. The competitive landscape necessitates strategic innovation and efficient supply chain management. Companies are focusing on developing advanced technologies, optimizing product offerings for specific applications (building, infrastructure, energy), and strengthening their after-sales service networks to maintain a competitive edge. While the Chinese market holds significant promise, companies must carefully navigate the regulatory environment and address potential economic headwinds to achieve sustainable growth. Further growth is expected in the hybrid and electric drive segments driven by both environmental concerns and potential government incentives. Regional variations within China will likely influence market dynamics, with faster growth anticipated in rapidly developing urban centers. Future projections suggest a continuously expanding market, driven by long-term infrastructure development plans and ongoing economic growth. Recent developments include: November 2022: XCMG confirmed signed purchasing contracts worth USD 60 million with four major global suppliers, Kawasaki Heavy Industries, Linde Hydraulics AG, Danfoss A/S, and Daimler SE, to build a high-end global supply chain network and maintain resilience in the global construction equipment manufacturing industry. The contracts were signed at the ongoing China International Import Expo (CIIE) in Shanghai., November 2022: XCMG chose Allison transmissions as their exclusive transmission supplier for all-terrain cranes. Allison's new 4970 Specialty Series (SP) transmission will debut in the XCMG XCA400L8 all-terrain crane model., October 2022: Shantui delivered its first DL300G bulldozer to a customer in Hong Kong. The machine would be deployed in prestigious construction projects like the construction of the third runway of Hong Kong International Airport, the SUEZ landfill, and Discovery Bay Golf Course in Hong Kong., August 2022: XCMG announced the building of its second XE7000 hydraulic excavator. The new XE7000 features a backhoe design with a larger bucket capacity and higher operating efficiency, which is claimed to fully meet the needs of mining customers.. Key drivers for this market are: Electrification of Construction Equipment May Propel the Market Growth. Potential restraints include: Construction Rental Business May Hamper Market Growth. Notable trends are: Growing Demand for Excavators to Drive the Market..

In 2023, the construction industry accounted for about *** percent of China's gross domestic product (GDP), representing a continuation of the figure from the previous year.

A vital industry for the economy Since the 1998 housing reform, China's real estate industry has expanded dramatically and has become one of the country's pillar industries. Similarly, China's infrastructure construction has also boomed since the early 2000s. To mitigate the impact of the 2008 global financial crisis and maintain the country's economic output, the Chinese government launched a four trillion yuan stimulus plan and invested substantial resources in infrastructure development across the country, such as high-speed railway and highway projects. These developments have all made the construction industry one of the most important segments of the Chinese economy.

An important employer nationwide The construction industry also plays a key role in China's labor market, with more than ********** people employed in the sector in 2023. It is also one of the top sectors for China's migrant workers, with more than ** percent working in construction in 2023. However, due to the challenging working environment, more and more young migrant workers are choosing to work in other professions, such as couriers and food delivery. With China's real estate sector facing significant headwinds, infrastructure construction stagnating, and local governments now under substantial fiscal pressure, the future of China's construction industry is becoming increasingly uncertain.

China Construction: Number of Employee data was reported at 50,434.857 Person th in 2023. This records a decrease from the previous number of 50,634.000 Person th for 2022. China Construction: Number of Employee data is updated yearly, averaging 25,002.800 Person th from Dec 1980 (Median) to 2023, with 39 observations. The data reached an all-time high of 55,296.339 Person th in 2017 and a record low of 6,480.000 Person th in 1980. China Construction: Number of Employee data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: All.

The China construction market size reached approximately USD 4.80 Trillion in 2024. The market is projected to grow at a CAGR of 6.00% between 2025 and 2034, reaching a value of around USD 8.60 Trillion by 2034.

The report covers China Construction Chemicals Suppliers and the market is segmented by Product Type (Concrete Admixture and Cement Grinding Aids, Surface Treatment, Repair and Rehabilitation, Protective Coatings, Industrial Flooring, Waterproofing, Adhesive and Sealants, and Grout and Anchor), End-user Sector (Commercial, Industrial, Infrastructure, Residential, and Public Space).

The China Data Center Construction Market report segments the industry into By Infrastructure (By Electrical Infrastructure, By Mechanical Infrastructure, General Construction), By Tier Type (Tier 1 and 2, Tier 3, Tier 4), and By End User (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Defense, Healthcare, Other End Users).

The report on China Construction Industry Size - covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

China Construction: Number of Employee: Average data was reported at 36,970.000 Person th in Mar 2025. This records a decrease from the previous number of 59,620.700 Person th for Dec 2024. China Construction: Number of Employee: Average data is updated quarterly, averaging 39,623.300 Person th from Jun 2003 (Median) to Mar 2025, with 87 observations. The data reached an all-time high of 67,952.800 Person th in Dec 2023 and a record low of 16,750.700 Person th in Mar 2004. China Construction: Number of Employee: Average data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: All.

The Chinese construction equipment market by volume is anticipated to surpass 835 thousand units by 2029 and is growing at a CAGR of 2.05% during the forecast period.