Kenneth Research has released a report titled “China Prefabricated Construction Market: Demand Analysis & Opportunity Outlook 2025” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The total investment recorded in the development of real estate in China according to the statistics by the National Bureau of Statistics of China was USD 2163.47 Billion. This was an increase of 7% over the previous year.
The statistics portray the growing investments of the Government of China in the real estate industry, backed by the growing need to provide homes to the growing population in the nation. The population of China is the largest in the whole world. As a result, there is a growing need to provide shelter to these people. Additionally, the numerous benefits associated with the use of prefabricated construction is also expected to boost the growth of the market in the coming years.
The China prefabricated construction market is anticipated to grow with a CAGR of 6.05% over the forecast period, i.e., 2021 – 2025. The market is estimated to garner a revenue of USD 43953.68 Million by 2025. Additionally, in the year 2020, the market in the country generated a revenue of USD 33660.0 Million. The market is segmented by type into elemental construction, permanent modular buildings, and relocatable buildings. By the end of 2025, the permanent modular buildings segment is anticipated to garner the largest revenue of USD 25493.14 Million, up from a revenue of USD 19775.58 Million in the year 2020.
However, the high cost of construction, along with the fluctuation in the price of raw materials are some of the major factors predicted to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the China prefabricated construction market, which includes company profiling of SANY Group, China Saite Group Company Limited, China Railway Prefabricated Construction Co., Ltd., Hangxiao Steel Structure Co., Ltd., Zhejiang Putian Integrated Housing Co., Ltd., Atlantic Modular System Ltd., Shaanxi Construction Engineering Group Corporation, Shenyang Yuanda Enterprise Group, BROAD Group, Zhejiang Taige Integrated Housing Co. Ltd, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled China Prefabricated Construction Market: Demand Analysis & Opportunity Outlook 2025, analyses the overall China prefabricated construction industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the China prefabricated construction market in the near future.
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