Construction Equipment Services in China - Industry Market Research Report

Construction Equipment Services in China - Industry Market Research Report

Construction Equipment Services in China

The Construction Equipment Services industry has developed steadily over the five years, due to increasing demand from industries such as the Building Construction industry (IBISWorld industry report 4710) and the various infrastructure construction industries (4721, 4725 and 4726). Industry revenue is expected to grow at an annualized 1.9% over the five years through 2022, to total $15.8 billion. This trend includes expected growth of 2.9% in the current year. National infrastructure projects like the Belt and Road Initiative, the Yangtze River Economic Belt and the Beijing-Tianjin-Hebei infrastructure project supported by the government have increased demand for industry services. However, market demand growth has been slowing in line with decelerating downstream industry growth. In addition, profitability is expected to decrease from 12.2% in 2011 to 10.1% in 2022. Industry enterprise numbers are expected to increase at an annualized 2.4% over the five years through 2022. Small-scale private enterprises account for a large proportion of enterprises.

Construction equipment service providers supply construction equipment operation and related services to construction sites.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.