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China’ s Prefabricated Building Market Size will Reach Up to 1.4 Trillion by 2025

Author:未知 Source:0  Updated:2018-12-27 13:12:50 
China’ s Prefabricated Building Market Size will Reach Up to 1.4 Trillion by 2025   The figure from Qianzhan reveals that the prefabricated building market size in China will come to 698.2 billion yuan in 2020, 1,438.9

Chinas Prefabricated Building Market Size will Reach Up to 1.4 Trillion by 2025

 

The figure from Qianzhan reveals that the prefabricated building market size in China will come to 698.2 billion yuan in 2020, 1,438.9 billion yuan in 2025.  What’ s more, prefabricated building will account for more than 15% of new construction in 2020 and 30% in 2025.

 

The growth of prefabricated building benefits from the following catalysts:

 

Multiple Themes Facilitate the Progress of Prefabricated Building

The progress of prefabricated building matches well with policy themes, comprising environmental protection and production limit + beautiful China, long-term rental apartment, supply side structural reform, Xiongan new district construction, etc.

 

The Increasing Labor Costs and Technology Upgrade Forces the Replacement of the Traditional Construction Industry

In recent years, China's fertility rate has decreased, the advantage of demographic dividend lost, and the number of construction workers reduced, which results in the rise of human costs. Rising labor costs will compel the traditional construction industry to transform. With the advent of industrial upgrading, prefabricated building is likely to become the mainstream.

 

Prefabricated Building Enterprises Are Well Subsidized to Enhance Their Operating Efficiency

In recent years, financial subsidies and loan preferences by local governments have been made in promoting prefabricated buildings. Hefty state subsidies have benefited relevant construction enterprises and real estate enterprises, and buffered the weakness of prefabricated building costs.

 

Translated by CIHIE Committee

Source: http://wemedia.ifeng.com/78007973/wemedia.shtml