As is predicted in China
Construction Decoration Industry Report, 2013-2016 by Sino Market Insight,
total engineering output value of China construction decoration industry will
reach RMB4.64 trillion in 2016, with a CAGR of 15.78% during 2013-2016.
To
Read the Complete Report with TOC Visit:
http://www.marketresearchreports.biz/analysis-details/china-construction-decoration-industry-report-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.
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%.
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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