China Construction Market

China Construction Market

China Construction Market by Type (Renovation, and New Construction), by Sector (Real Estate, Infrastructure, and Industrial), by Construction Method (Traditional Construction, Prefabricated/Modular Construction, 3D Printed Construction, Green/Sustainable Construction), and by Type of Contractor (Large Contractor, Medium Contractor and Small Contractor) – Country Industry Trends and Forecast, 2025–2030

Industry: Construction & Manufacturing | Publish Date: 15-Jul-2025 | No of Pages: 153 | No. of Tables: 117 | No. of Figures: 62 | Format: PDF | Report Code : CM2215

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China Construction Industry Overview

The China Construction Market size was valued at USD 2.99 trillion in 2024, and is predicted to reach USD 3.22 trillion by 2025, The industry is predicted to reach USD 4.11 trillion by the end of 2030, at a CAGR of 5.0% from 2024 to 2030.

China construction market is expanding rapidly, supported by strategic government initiatives aimed at modernizing infrastructure, promoting sustainability, and enhancing resilience. Massive investments in transportation, energy, and digital infrastructure—both domestically and through international collaborations—are driving momentum, while digital tools like BIM and cloud-based platforms are transforming project management and efficiency. 

However, the industry continues to face regulatory hurdles, with complex permitting processes and inconsistent regulations across jurisdictions causing project delays and investor uncertainty. Despite these challenges, the integration of advanced technologies and sustained public funding highlight the sector’s ongoing shift toward smarter, greener, and more resilient development.

Government‑led Infrastructure Development Fuels Growth in China’s Construction Market

China’s leadership has enshrined infrastructure investment as a cornerstone of its 2025 fiscal blueprint. In the March 2025 Government Work Report, central authorities committed CNY 3.6 trillion toward transport (rail, highways, urban transit), water conservancy and strategic new‑area developments – including pilot projects in Xiong’an New Area and expansion of the Beijing–Shanghai high‑speed line. Under this umbrella, the Ministry of Housing and Urban‑Rural Development (MOHURD) received CNY 520 billion, of which CNY 180 billion is ring‑fenced for rural road upgrades, urban flood control and water‑supply infrastructure.

Beyond direct budgetary support, Beijing is scaling up public‑private partnerships (PPPs) managed via the China State‑Owned Assets Supervision and Administration Commission (SASAC) and the newly established National Infrastructure Investment Co., mobilizing an additional CNY 800 billion of private capital for toll‑road concessions, urban metro expansions and renewable‑energy‑linked construction.

 

Surge in Infrastructure Investment Propels China’s Construction Market Trends

In 2024, total fixed‑asset investment in China reached CNY 60 trillion, up 5.5 percent year‑on‑year, with infrastructure accounting for roughly 45 percent of that outlay. Foreign direct investment (FDI) into infrastructure and construction-related sectors climbed 8.2 percent in Q3 2024 to USD 124.6 billion, driven largely by logistics, green energy and data‑center projects.

Government‑backed commitments—particularly in expressway networks, intercity rail and off‑grid renewable installations—have been buoyed by the central infrastructure budget and Belt & Road Initiative financing lines (totaling CNY 250 billion in concessional loans for 2025). These funding streams underscore sustained confidence in China's long‑term urbanization and regional‑connectivity agenda, driving elevated demand for construction services nationwide.

 

Regulatory Complexities Hinder Expansion of China’s Construction Market

Despite ample financing, project timelines often stretch due to a multi‑layered approval regime. Key authorizations—including land‑use permits (MLR), environmental impact approvals (MEE), planning permits (MOHURD), construction licenses (local housing bureaus), and fire‑safety clearances (MPS)—involve at least five agencies. Large‑scale infrastructure projects still face 120–180 day lead‑times for full sign‑off, as provincial and municipal bodies interpret standards differently. Moreover, ad‑hoc regional policy shifts (e.g., sudden tightening of EIA thresholds) can stall work, inflate costs and dampen investor sentiment unless regulatory harmonization accelerates.

Integration of Digitalization and Bim Unlocks Growth Opportunities in China’s Construction Market

China’s construction industry is in the vanguard of a government‑led digital revolution. MOHURD’s BIM Mandate—phased in from 2017 and fully required on all centrally funded projects by end‑2023—has produced over 200 BIM‑integrated megaprojects by Q4 2024 (including the Xiong’an highway network and Chongqing–Shanghai intercity line). Early adopters report 18–20 percent reductions in design rework and 12 percent faster delivery cycles.

Complementary technologies—real‑time IoT monitoring of material stocks, cloud‑based Common Data Environments (CDEs) for stakeholder collaboration, and AI‑driven predictive maintenance on heavy equipment—are now standard on state projects. Pilot “digital twin” smart‑city platforms in Wuhan and Shenzhen are extending these gains into operations and asset management, positioning China’s contractors to export full‑stack, data‑enabled construction solutions globally.

 

Competitive Landscape  

The key players operating in the China construction industry include China State Construction Engineering Corp. Ltd. (CSCEC), China Railway Construction Corp. Ltd. (CRCC), China Railway Group Ltd. (CREC), China Communications Construction Company Limited (CCCC), China Metallurgical Group Corporation (MCC), Power Construction Corporation Of China (Powerchina), Shanghai Construction Group (SCG), Shaanxi Construction Engineering Installation Group Co., Ltd., Beijing Urban Construction Group (Bucg), China Civil Engineering Construction Corporation (CCECC), Sinoma International Engineering Co. Ltd., Sichuan Road and Bridge (Group) Co. Ltd., China Energy Engineering Group Co., Ltd. (EnergyChina), China National Electric Engineering Co., Ltd. (CNEEC), China National Machinery Industry Corporation (Sinomach), and others.

China Construction Market Key Segments

By Type                

  • Renovation            

  • New Construction            

By Sector                

  • Real Estate            

    • Residential        

      • Affordable    

      • Luxury    

    • Commercial        

      • Retail Buildings    

      • Office Buildings    

      • Hospitality    

      • Healthcare Facilities    

      • Educational Institutes    

      • Entertainment Ventures    

  • Infrastructure    
    • Transportation    

      • Airport

      • Port

      • Rail

      • Road

    • Water and Wastewater    

    • Energy    

    • Telecommunication    

  • Industrial        
    • Manufacturing Plant    

    • Warehouses    

    • Power Plants    

    • Oil Refineries    

    • Chemical Plants

By Construction Method                

  • Traditional Construction            

  • Prefabricated/Modular Construction            

  • 3D Printed Construction            

  • Green/Sustainable Construction            

By Type of Contractor                

  • Large Contractor            

  • Medium Contractor            

  • Small Contractor

Key Players

  • China State Construction Engineering Corp. Ltd. (CSCEC)

  • China Railway Construction Corp. Ltd. (CRCC)

  • China Railway Group Ltd. (CREC)

  • China Communications Construction Company Limited (CCCC) 

  • China Metallurgical Group Corporation (MCC)

  • Power Construction Corporation Of China (Powerchina)

  • Shanghai Construction Group (SCG)

  • Shaanxi Construction Engineering Installation Group Co., Ltd.

  • Beijing Urban Construction Group (Bucg) 

  • China Civil Engineering Construction Corporation (CCECC)

  • Sinoma International Engineering Co. Ltd.

  • Sichuan Road and Bridge (Group) Co. Ltd.

  • China Energy Engineering Group Co., Ltd. (EnergyChina)

  • China National Electric Engineering Co., Ltd. (CNEEC)

  • China National Machinery Industry Corporation (Sinomach)

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2024

USD 2.99 Trillion

Revenue Forecast in 2030

USD 4.11 Trillion

Growth Rate

CAGR of 5.0% from 2025 to 2030

Analysis Period

2024–2030

Base Year Considered

2024

Forecast Period

2025–2030

Market Size Estimation

Trillion (USD)

Growth Factors

  • Government-backed infrastructure initiatives boosts the market growth.

  • Burgeoning investments drives the growth of industry.

Companies Profiled

15

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

China Construction Market Revenue by 2030 (Billion USD) China Construction Market Segmentation China Construction Market Major Regions

Frequently Asked Questions

To begin construction in China, developers must obtain multiple approvals including a land-use permit, construction planning permit, and a construction commencement permit. These are governed by local and national regulatory bodies.

According to Next Move Strategy Consulting, the size of the China construction market was estimated at USD 2.99 trillion in 2024.

Future Construction firms are adopting digital tools like Building Information Modeling (BIM) to enhance project planning and execution efficiency.

There's a growing emphasis on sustainable building practices, including the use of eco-friendly materials and energy-efficient designs, to align with environmental goals.

According to Next Move Strategy Consulting, the size of the China construction market is estimated to be at USD 4.11 trillion in 2030.

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