Asia Pacific construction market share by country 2014
This statistic shows the distribution of the construction market share in Asia Pacific in 2014, by country. That year, China reached a market share of approximately 47 percent for that region. Investments in transportation and manufacturing infrastructure is expected to continue dominating the market.
Construction market in Asia-Pacific – additional information
With a steady annual growth over the past few years, Asia Pacific is expected to be one of the world’s largest construction markets. In 2014, China continued to lead the Asia Pacific construction market, accounting for close to half of the region’s construction output. According to the Fortune China 500 ranking in 2015, China State Construction Engineering (CSCEC) ranked first among the leading Chinese construction companies ranking with annual revenue of about 800 billion yuan in 2014. China Railway Group and China Railway Construction came in second and third with 610 billion and 590 billion yuan in revenue in the same year.
Driven by changing demographic trends, such as an aging population, Asia Pacific investments in transportation and manufacturing infrastructure are expected to continue dominating the construction market. In 2014, infrastructure and residential spending in Asia accounted for 37 and 34 percent share of its total construction spending. Construction costs of average standard buildings in Asia remained the highest among high rise offices and retail space. Chinese companies, for example, spent an average of around 1,100 U.S. dollar per square meter for high rise offices and about 850 U.S. dollar per square meter for retail space.
Construction market in Asia-Pacific – additional information
With a steady annual growth over the past few years, Asia Pacific is expected to be one of the world’s largest construction markets. In 2014, China continued to lead the Asia Pacific construction market, accounting for close to half of the region’s construction output. According to the Fortune China 500 ranking in 2015, China State Construction Engineering (CSCEC) ranked first among the leading Chinese construction companies ranking with annual revenue of about 800 billion yuan in 2014. China Railway Group and China Railway Construction came in second and third with 610 billion and 590 billion yuan in revenue in the same year.
Driven by changing demographic trends, such as an aging population, Asia Pacific investments in transportation and manufacturing infrastructure are expected to continue dominating the construction market. In 2014, infrastructure and residential spending in Asia accounted for 37 and 34 percent share of its total construction spending. Construction costs of average standard buildings in Asia remained the highest among high rise offices and retail space. Chinese companies, for example, spent an average of around 1,100 U.S. dollar per square meter for high rise offices and about 850 U.S. dollar per square meter for retail space.
