Hong Kong Construction Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
• The Hong Kongese construction industry had total revenues of $31.3 billion in 2022, representing a negative compound annual growth rate (CAGR) of 0.5% between 2017 and 2022.
• The non-residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $20.9 billion, equivalent to 66.6% of the industry's overall value.
• Hong Kongese construction industry slowed down in the past few years, owing to several factors, namely: slow growth in the economy, a decrease in urbanization, continuous rise in interest rate, supply chain challenges, and labour shortage resulting in negative annual growth.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Hong Kong
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Hong Kong
• Leading company profiles reveal details of key construction market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong construction market with five year forecasts

Reasons to Buy

• What was the size of the Hong Kong construction market by value in 2022?
• What will be the size of the Hong Kong construction market in 2027?
• What factors are affecting the strength of competition in the Hong Kong construction market?
• How has the market performed over the last five years?
• What are the main segments that make up Hong Kong's construction market?