Road & Highway Construction in China - Industry Market Research Report

The Road and Highway Construction industry in China has been growing steadily, driven by China's urbanization, increases in automobile ownership, large freight and passenger road transportation volumes, and increasing government investment. Over the five years through 2023, industry revenue is anticipated to rise at an annualized rate of 2.8%, to total $413.5 billion, including 5.0% in 2023. The total length of roads in China increased from 4.8 million kilometers in 2018 to an estimated of 5.4 million kilometers in 2023, representing an average rate of 2.3%. Meanwhile, the total length of highways in China rose from 142,600 kilometers to about 186,500 kilometers, at an average rate of 5.5%. Operators in the Road and Highway Construction industry in China mainly construct roads and highways. Maintaining roads and highways is also included in the industry. Companies in the industry may subcontract some or all of the actual construction work. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.