The Road and Highway Construction industry in China has been growing rapidly, driven by China's urbanization, increases in automobile ownership and freight and passenger road transportation turnover volumes, and increasing government investment. In 2014, industry revenue is expected to amount to $300.1 billion, up 10.8% from 2013. Over the past five years, revenue has been growing at an average annualized rate of 11.0%. The total length of road in China increased from 3.7 million kilometers in 2008 to an estimated 4.7 million kilometers in 2014. Meanwhile, the total length of highway in China rose from 60,300 kilometers to about 112,200 kilometers.
The Road and Highway Construction industry in China is mainly engaged in constructing roads and highways. The maintenance of roads and highways is included in the industry as well. Companies within the industry may subcontract some or all of the actual construction work.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.