China Construction Decoration Market, 2013 - 2016 - Industry Applications, Market Size, Segmentation, Company Share: Acute Market Reports
China construction
decoration industry will reach RMB4.64 trillion in 2016, with a CAGR of 15.78%
during 2013-2016. Construction decoration industry divides into public
construction decoration sector (including building curtain wall), residential
decoration sector and building curtain wall sector. By the end of 2012, there
had been a total of 142,000 players in this industry in China, with total
engineering output value registering RMB2.63 trillion, up 11.91% YOY. The
construction decoration industry of China characterizes large market size but
low concentration. In 2011, total engineering output value of top 100 enterprises
footed up to RMB141.3 billion, sharing only 6.01% of the total.
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Seen from market
segments, total engineering output value of China public construction
decoration sector increased from RMB410 billion in 2005 to RMB1.41 trillion in
2012, with the CAGR of 19.30%. Among that, the enginering value of building
curtain wall sector grew from RMB55 billion (sharing 5.50%) to RMB220 billion
(holding 8.37%), with the CAGR of 21.90%,
Total engineering
output value of China residential decoration sector rose from RMB590 billion in
2005 to RMB1.22 trillion in 2012, with the CAGR of 10.94%, but its proportion
in the total engineering output value of construction decoration industry
dropped down, from 59.0% to 46.39%.
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In 2011-2013, to
improve utilization of resources and reduce costs, local governments (like
Guangdong, Anhui, Beijing, Shanghai, etc.) continued to enact policies to
encourage the real estate to make fine decoration for commodity housing. For
example, in Apr. 2013, full decoration of commodity housing policy is carried
out through Sichuan Province. The fine decoration proportion of newly-built
commercial housing is hopefully to be higher than 60% in the upcoming five
years.
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