The infrastructure sector in china market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the development of large scale infrastructural projects and government’s major focus on the development of transportation infrastructure and extraction infrastructure.
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Infrastructure is a facility that supports the functions of firms and households. Infrastructures are necessary for the growth and function of the country’s economy. Roads, tunnels, electrical grids, bridges, water supply, railways, sewers, broadband access, and internet connectivity are the basic private and public physical infrastructure. China leads the world in investment in infrastructure. Digital, smart, and innovative infrastructure has become a prime concern for China. Infrastructure sector is driving the economic growth of the China. Infrastructure development is driven by various factors such as environmental, economic, and social factors.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing foreign direct investment resulting in infrastructure development is expected to fuel the market during the forecast period.
- Technological and digital advancement including machine learning, internet of things, blockchain, artificial intelligence, and others are evolving faster and driving change for the infrastructure sector.
- Rapid growth of the education, entertainment, and medical industries is raising demand for better infrastructure; this is key factors spurring the market.
- High investment required for the infrastructure development is estimated to hamper the market growth.
- The cost of metals such as iron ore, copper, zinc, nickel, and others used to build infrastructure is increasing.
- Expanding access to essential services including water, sanitation, transportation, telecommunications, and electricity enables growth of the market and offer immense opportunities for the market players.
- Increasing wages will generate spending behavior of consumers creating demand for new infrastructure and service sector is anticipated to create significant opportunities for the market players.
Market Segment Insights:
The transportation infrastructure segment is projected to represent a major market share
Based on infrastructure, the infrastructure sector in China is divided into extraction infrastructure, social infrastructure, manufacturing infrastructure, and transportation infrastructure. The extraction infrastructure sector is further categorized as water, power generation, telecoms, electricity transmission & distribution, and gas.
Transportation infrastructure include installation of terminal, airways, railway station, bus station, roads, canals, as well as pipelines such as refueling depots, seaports, and trucking terminals. The transportation segment is expected to account for a key share of the market during the forecast period due to rising demand for high-speed railways and large investments in the railway projects. China is boosting its railway freight capacity to control pollution and traffic congestion. There is rise of 7.9% in the first three quarters in the rail freight. However, major cities of China released its infrastructure budget and investment plan.
Competitive Landscape
Key players competing in the infrastructure sector in china market include Power Construction Corporation of China, China Railway Construction, China State Construction Engineering, China Communication Construction Company, and China Railway Group. Some of these players are involved in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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