Asia Pacific Construction Industry Databook Series – Market Size & Forecast by Value and Volume – ResearchAndMarkets.com

Posted on February 22, 2022

DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Construction Industry Databook Series" report has been added to ResearchAndMarkets.com's offering.

Despite the economic challenges, the Asia Pacific construction industry recorded significant growth in 2021. Demand for residential construction remained strong in big economies. On the other hand, infrastructure construction experienced more significant investments, and regional construction companies expanded in other markets. According to the publisher's Q4 2021 Global Construction Market Survey, demand for commercial properties remains stable as key e-commerce companies create demand for larger commercial spaces.

Chinese authorities are loosening restrictions on home approvals and lending to avoid industry collapse

With the construction industry is facing many operational challenges, authorities have started to loosen restrictions on home approvals and lending to avoid a complete collapse. According to the publisher's Q4 2021 Global Construction Market Survey, in China, bank credit is being offered to property firms much higher than in any period during Q2 2021 and Q3 2021. Notably, mortgage lending in China increased by more than US$30 billion (200 billion yuan) in October 2021 from around US$23 billion (150 billion yuan) in September 2021.

Approvals for home sales and property loans are gaining momentum in Chengdu, the capital of the southwestern province of Sichuan. Moreover, restrictions on using proceeds from pre-sales have also been eased in the region. The Chinese Government is looking to ensure that there is enough liquidity to maintain construction in the property sector. Consequently, the publisher expects loosening restrictions to support the market growth in the next six to eight quarters.

Spending on infrastructure projects is expected to support industry growth in India

Increased focus on developing the infrastructure is offering support for the growth of the construction sector in the country. In October 2021, the government announced a master plan for multi-modal connectivity to develop the infrastructure to lower logistic costs and improve the economy. Notably, the government allocated US$8.28 billion for road works and US$7.88 billion for the development of National Highways in the Union Budget 2021.

Scope

Each country report covers the following:

Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025. KPIs covered include the following:

Market size by value
Market size by volume of construction
Number of units

Residential Building Construction Coverage: