Market Size of China Transportation Infrastructure Construction Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Transportation Infrastructure Construction Market Analysis
The China transportation infrastructure construction market is expected to register a growth rate of over 7% during the forecast period of 2022-2027.
The COVID-19 had a significant impact on the China construction sector in 2020. Despite the fact that COVID-19 is projected to slow infrastructure development, construction is expected to pick up. In 2021, the transport infrastructure construction market began to rise after the COVID-19 impact. Economic activity in China has resumed after weeks of the shutdown, and infrastructure work has resumed, as an early sign of recovery.
In 2021, the revenue of major players like China State Construction Engineering Corporation and China Railway Construction Corporation was USD 253.7 billion and 142.5 billion respectively.
China's economic growth has remained generally stable during the pandemic, the development trend of stability and progress, the main macroeconomic indicators are operating in a reasonable range, and the economic structure is being optimized and adjusted.
A series of infrastructure construction projects have begun across China in the final months of the year, as the country's construction boom continues to boost economic growth in the fourth quarter and looks to continue doing so into 2022.
