Revenue Growth Estimation on China’s Building Completion Services

According to IBIS World, China’s building completion industry’s revenue is predicted to increase at a rate of 12.3% annually, in the next five years amounting to $621.7 B in 2016.

With increasing demand and the real estate being strong, the industry revenue growth is expected to be powerful in the beginning. But as the industry progresses, China's real estate markets become unsteady with deteriorating growth in the latter years

With the increasing industry revenue growth from 2005 to 2008, China’s building completion industry was found to increase by only 0.7% in 2009 due to the restriction of volume growth by higher property prices during the year. Regardless of this, the industry revenue improved by 8.5% in 2010 due to the growth in the domestic real estate market. Industry revenue is estimated to increase by 9.2% annually amounting to $348.2 B by 2011.

In order to encourage the Chinese economy, the Central Government increased its infrastructure construction investment in 2009, which is expected to increase the demand for building completion services in the forthcoming years.

The industry is an expert in decoration services with curtain wall decoration, public and domestic building completion, and accounting for only a fraction of the industry’s revenue. Design services seem to be the industry’s new revenue sources.

Due to the growing demand for decoration services, the industry anticipates rapid progress in the next five years.

Source: http://www.ibisworld.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, February 22). Revenue Growth Estimation on China’s Building Completion Services. AZoBuild. Retrieved on September 20, 2019 from https://www.azobuild.com/news.aspx?newsID=14693.

  • MLA

    Scanlon, Joel. "Revenue Growth Estimation on China’s Building Completion Services". AZoBuild. 20 September 2019. <https://www.azobuild.com/news.aspx?newsID=14693>.

  • Chicago

    Scanlon, Joel. "Revenue Growth Estimation on China’s Building Completion Services". AZoBuild. https://www.azobuild.com/news.aspx?newsID=14693. (accessed September 20, 2019).

  • Harvard

    Scanlon, Joel. 2019. Revenue Growth Estimation on China’s Building Completion Services. AZoBuild, viewed 20 September 2019, https://www.azobuild.com/news.aspx?newsID=14693.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit