+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

China Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)

  • PDF Icon

    Report

  • 52 Pages
  • December 2025
  • Region: China
  • GlobalData
  • ID: 5765841
The Chinese construction industry is anticipated to contract by 1% in real terms in 2025, owing to high tariff imposed by the US, coupled with a declining real estate market and a fall in fixed capital investment. According to the National Bureau of Statistics of China (NBS), total investment in real estate development declined by 13.9% year-on-year (YoY) during the period from January to September 2025. Moreover, the value of new contracts signed by construction enterprises declined by 4.6% YoY in the first three quarters of 2025. In 2026, the construction industry is projected to register a growth of 1.3%, bolstered by government initiatives aimed at stimulating the economy through financial incentives and new loans to promote construction in the energy and industrial sectors. For example, in September 2025, the China Construction Bank (CCB) issued CNY10.8 billion ($1.5 billion) in green bonds maturing in 2030. The proceeds from these bonds will be allocated to finance green energy initiatives, including renewable energy and clean transportation projects.

The analyst expects the construction industry to record an average annual growth rate of 3.9% between 2027 and 2029, supported by investment in industry, infrastructure, and energy projects. The government aims to install 3,600GW of wind and solar power projects by 2035. To facilitate this, the government plans to install 15GW of offshore projects each year until 2030. Furthermore, in September 2025, the government set a target to achieve 180GW of new energy storage systems by 2027, with an estimated investment of CNY250 billion ($34.9 billion). Additionally, in October 2025, the construction was started on the CNY200 billion ($27.9 billion) transmission project that will span 2,681km, traversing Tibet, China (Xizang), Yunnan province, Guangxi Zhuang Autonomous Region, Guangdong province, Hong Kong, and Macao; this project is anticipated to be completed by 2029. The anticipated growth over the forecast period will also be bolstered by the National Development and Reform Commission (NDRC) and the Ministry of Transport's initiative to build 461,000km of highways by 2035, along with the government's strategy to expand transport network to 130,000km of expressways and 53,000km of high-speed rail by 2027.

The Construction in China - Key Trends and Opportunities to 2029 (Q4 2025) report provides detailed market analysis, information, and insights into the Chinese construction industry, including:

  • The Chinese construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Chinese construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Report Scope

This report provides a comprehensive analysis of the construction industry in China. It provides:

  • Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in China, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies using the analyst's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
.Infrastructure Construction 27
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
  • About the Analyst
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: China, Key Economic Indicators
Table 3: China, Gross Output of Construction, CNY Billion
Table 4: China, Commercial Construction Output by Project Type (Real % Change), 2020-29
Table 5: China, Top Commercial Construction Projects by Value
Table 6: China, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 7: China, Top Industrial Construction Projects by Value
Table 8: China, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 9: China, Top Infrastructure Construction Projects by Value
Table 10: China, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 11: China, Top Energy and Utilities Construction Projects by Value
Table 12: China, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 13: China, Top Institutional Construction Projects by Value
Table 14: China, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 15: China, Top Residential Construction Projects by Value
Table 16: China, Key Contractors
Table 17: China, Key Consultants
Table 18: China, Construction Output Value (Real, $ Billion)
Table 19: China, Construction Output Value (Nominal, CNY Billion)
Table 20: the analyst Construction Market Definitions
Table 21: Risk Dimensions
Table 22: Ratings, Scores and Definitions
List of Figures
Figure 1: North-East Asia, Construction Output (Real % Change), 2023-29
Figure 2: China, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: China, Risk Summary
Figure 4: China, Risk Regional Comparison
Figure 5: China, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: China, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 7: China, Construction Output, Accumulated CNY Million
Figure 8: China, Construction Value-Add, % Change YoY
Figure 9: China, Total Value of Buildings Completed by Construction Enterprises (Accumulated, CNY Billion)
Figure 10: China, Construction Purchasing Managers’ Index (PMI), Seasonally Adjusted
Figure 11: China, Investment in Fixed Assets in the Construction Industry, (Accumulated % Change, YoY)
Figure 12: China, Total Value of New Contracts Signed by Construction Enterprises, (CYN Trillion)
Figure 13: China, Investment in Real Estate Development, (Accumulated % Change, YoY)
Figure 14: China, Construction Projects Momentum Index
Figure 15: North-East Asia, Construction Projects Momentum Index
Figure 16: China, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 17: China, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: China, Total Floor Space of Commercial Buildings Under Construction, in Million m2 (Accumulated)
Figure 19: China, Total Retail Sales of Consumer Goods, Current Prices, (Accumulated, CNY Billion)
Figure 20: China, Investment in Commercial Real Estate Development (CNY Billion)
Figure 21: China, Floor Space of Office Buildings Under Construction (Accumulated, % Change YoY)
Figure 22: China, Investment in Office Buildings (CNY Billion)
Figure 23: China, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 24: China, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: China, Industrial and Manufacturing Value-Add, % Change, YoY
Figure 26: China, Manufacturing Purchasing Managers Index, Seasonally Adjusted
Figure 27: China, Total Exports ($ billion)
Figure 28: China, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 29: China, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: China, Fixed Asset Investment in The Transport Sector (Accumulated % Change, YoY)
Figure 31: China, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 32: China, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: China, Electricity Generation, in TWh
Figure 34: China, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 35: China, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: China, Total Value of Buildings Completed for Scientific Research, Education, and Medical Use (Accumulated, CNY Billion)
Figure 37: China, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 38: China, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: China, Total Floor Space of Residential Area Under Construction and Total Floor Space of Residential Builds Started this Year (Accumulated % Change, YoY)
Figure 40: China, Total Nominal Value of Residential Buildings Sold (CNY Trillion)
Figure 41: China, Investment in Residential Real Estate Development (CNY Billion)
Figure 42: China, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 43: China, Headquarters of Key Consultants (% of Total Project Pipeline)