Religious Building Construction in China Market Snapshot to 2014 by WMIntelligence

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									Religious Building Construction in China:
Market Snapshot to 2014

Reference code: WMCN9636MS
Published: May-2010




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Religious Building Construction in China: Market Snapshot to 2014                                             Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 1
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1     SECTOR OVERVIEW ............................................................................................................. 4
2     MARKET DATA ...................................................................................................................... 5
2.1     Market Value 2005-2009 ................................................................................................................................ 5
2.2     Market Segmentation, By Project Type, 2009 ................................................................................................. 6
2.3     Market Value Forecast, 2009-2014 ................................................................................................................. 7
2.4     Future Market Segmentation, By Project Type, 2009-2014 ............................................................................. 8
3     APPENDIX .............................................................................................................................. 9
3.1     Research Methodology ................................................................................................................................... 9
3.2     Definitions ...................................................................................................................................................... 9
      3.2.1     Additional Notes .................................................................................................................................. 10
3.3     About World Market Intelligence ................................................................................................................... 10




Religious Building Construction in China: Market Snapshot to 2014                                                                                 Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                                          Page 2
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List of Tables

Table 1: Religious Building Construction in China, Market Value - US$ Million, 2005-2009 ............................................ 5
Table 2: Religious Building Construction in China, Market Segmentation by Project Type, US$ Million, 2009 ................. 6
Table 3: Religious Building Construction in China, Market Forecast - US$ Million, 2009-2014 ........................................ 7
Table 4: Religious Building Construction in China, Market Segmentation by Project, US$ Million, 2014 ......................... 8


List of Figures

Figure 1: Religious Building Construction in China, Market Value - US$ Million, 2005-2009 ........................................... 5
Figure 2: Religious Building Construction in China, Market Segmentation by Project Type, % Share, 2009 .................... 6

Figure 3: Religious Building Construction in China, Market Forecast - US$ Million, 2009-2014....................................... 7
Figure 4: Religious Building Construction in China, Market Segmentation by Project, % Share, 2014............................. 8




Religious Building Construction in China: Market Snapshot to 2014                                               Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                    Page 3
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1 SECTOR OVERVIEW
Following expansion at a compound annual growth rate of 2.87% between 2005-2009, the religious buildings
construction sector in China reached a value of US$1136.57 million in 2009, which represented an increase of 1.82% on
2008. The market achieved its strongest performance in 2007 when it expanded by 4.37% and its weakest performance
in 2009, when it grew by 1.82%.

In comparison, the fastest growing construction sector of the institutional construction market between 2005-2009 was
healthcare buildings which achieved a CAGR of 23.49%. The religious buildings construction sector was the weakest in
the institutional construction market between 2005-2009 and achieved a CAGR of 2.87%.

By 2009, the religious buildings accounted for 3.78% of the institutional construction. In comparison, educational
buildings represented 55.67% while healthcare buildings generated a further 29.97% of the market's 2009 share.

Looking ahead, the religious buildings market is expected to expand at a CAGR of 1.44% between 2009-2014, reaching
a value of US$ 1220.86 million in 2014. This represents total growth of 20.30% since 2005 and 7.42% since 2009.

In comparison, the fastest growing construction sector of the institutional construction market between 2009-2014 is
forecast to be healthcare buildings, which is expected to achieve a CAGR of 12.68%. The institutional buildings
construction sector is expected to be the weakest in the institutional construction market between 2009-2014 and
achieve a CAGR of 11.76%.

By 2014, the religious buildings is forecast to account for 2.74% of the institutional construction. In comparison,
educational buildings is predicted to account for 48.87%, while healthcare buildings is expected to generate a further
36.68% of the market's 2014 share.




Religious Building Construction in China: Market Snapshot to 2014                                             Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 4
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2 MARKET DATA
2.1 Market Value 2005-2009

Religious buildings sector in China was valued at US$ 1136.57 million in 2009; an increase of 1.82% on 2008. The
sector achieved a CAGR of 2.87%.


Table 1: Religious Building Construction in China, Market Value - US$ Million, 2005-2009

Year                                                                                             US$ Million                                       % Growth
2005                                                                                                1014.86
2006                                                                                                1049.25                                           3.39%
2007                                                                                                1095.10                                           4.37%
2008                                                                                                1116.28                                           1.93%
2009                                                                                                1136.57                                           1.82%

                                                                                        CAGR 2005-2009                                              2.87%%

Source: World Market Intelligence Analysis    
								
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