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Construction, Decoration and Plumbing Part Manufacturing in China - Market Research Report (2014-2029)

IBISWorld IBISWorld Beijing, China Last Updated: May 2024 3452

Revenue

$45.7bn

2024

$47.9bn

Past 5-Year Growth

Profit

$X.Xbn

Employees

297k

Businesses

2,576

Wages

$X.Xbn

Construction, Decoration and Plumbing Part Manufacturing in China industry analysis

Growth in the Construction, Decoration and Plumbing Part Manufacturing industry in China has been driven by the developing construction sector. Over the five years through 2023, industry revenue is expected to rise at a CAGR of 3.5%. Revenue is anticipated to increase by 5.0% to reach $45.7 billion in 2023.The industry is characterized by a number of small-scale manufacturers operating in relatively narrow regional or product markets. The four largest players, Xiamen Lota International Co. Ltd., Hebei Hongrun Heavy Industry Co. Ltd., Jinan Meide Casting Co. Ltd. and Sichuan Talida Industrial Co. Ltd., are expected to contribute 9.7% of industry revenue, indicating that industry concentration is low. There are an estimated 2,576 enterprises operating in this industry, up from 2,287 in 2018, reflecting annualized growth of 2.4% over the period. The industry employs 289,835 workers, with a payroll of $2.7 billion. Employment numbers and wages have been growing at 1.7% and 4.7% per year, respectively, over the past five years. Industry profit as a share of revenue is estimated at 5.1%. Profit margins have declined over the past five years, due to increased raw material prices and slowly increasing downstream markets. Furthermore, most operators are small and lack economies of scale.Over the five years through 2028, industry revenue is forecast to grow at a CAGR of 3.8%, reaching $55.2 billion. A key driver of growth is expected to be further development of the construction sector and urgent demand for new houses and decoration, which will likely raise demand for industry products. Nevertheless, profit margins are expected to remain low over the period, due to forecast rapid increases in raw material prices.

Trends and Insights

  • The industry was negatively affected by COVID-19. The COVID-19 epidemic has led to the decline of manufacturers' production capacity and reduced downstream customers' demand for industrial products.
  • Building decoration materials are the main products. These products are very popular due to their long service life, unique luster, and color.
  • Hebei benefits from the enrichment of upstream raw materials. Hebei has the largest steel group and mature smelting technology, reducing industry costs.
  • Access of raw materials are the key to competition. Long term relationships with material suppliers help manufacturers obtain qualified raw materials at lower prices.

Access hundreds of analysis and data

  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 3.5 % over the past five years, to reach an estimated $45.7bn in 2024.

Trends and Insights

Price competition and rising costs squeeze industry profits

  • The upstream raw materials of the industry are metal raw materials such as steel, aluminum, copper, and iron. The rise in metal raw material prices has squeezed the industry's profit margin.
  • Additional trends and insights available with purchase
Construction, Decoration and Plumbing Part Manufacturing in China
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Urbanization and infrastructure construction will promote industry development

  • Key drivers of revenue growth over the next five years will likely continue to be building and infrastructure construction in cities. In particular, rising urbanization is forecast to promote demand for industry products from China's infrastructure construction market.

Biggest companies in the Construction, Decoration and Plumbing Part Manufacturing in China

Company
Market Share (%)
2023
Revenue ($short_0)
2023

There are no companies that hold a large enough market share in the Construction, Decoration and Plumbing Part Manufacturing in China industry for IBISWorld to include in this product.

Products & Services Segmentation

Construction, Decoration and Plumbing Part Manufacturing in China
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Manufacturing enamel building materials, Manufacturing plumbing equipment fittings and Manufacturing building decoration materials. Manufacturing enamel building materials is the largest segment of the Construction, Decoration and Plumbing Part Manufacturing in China.

Trends and Insights

Building decoration materials account for the largest proportion

  • Products in this segment are typically made from aluminum, aluminum alloy, stainless steel, copper and copper alloy.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

The Construction, Decoration and Plumbing Part Manufacturing industry in China manufactures decorative metal materials used for construction and metal parts used in equipment and pipelines. Products in this industry include enamel building materials, plumbing equipment fittings and other building decoration materials.

What's included in this industry?

Manufacturing enamel building materialsManufacturing plumbing equipment fittings Manufacturing building decoration materials

Companies

Purchase this report to view all major companies in this industry.

Related Terms

INDEMNIFICATORY HOUSINGCURTAIN WALLALUMINUM-PLASTIC COMPOSITE PANEL (APCP)GROSS FLOOR AREA (GFA)

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The industry was negatively affected by COVID-19. The COVID-19 epidemic has led to the decline of manufacturers' production capacity and reduced downstream customers' demand ...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Building decoration materials are the main products. These products are very popular due to their long service life, unique luster, and color.

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Hebei benefits from the enrichment of upstream raw materials. Hebei has the largest steel group and mature smelting technology, reducing industry costs.

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Access of raw materials are the key to competition. Long term relationships with material suppliers help manufacturers obtain qualified raw materials at lower prices.

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Small businesses dominate the market. The top companies in the industry are those with a market share of less than 5%, indicating a relatively dispersed industry.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024

Detailed analysis

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

    Government supports the industry through tariffs and tax refunds. The import tariffs of the industry range from 30.0% to 90.0%, and the export tax rebate rate ranges from 5.0...

    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

    • Regulation & Policy historical data and forecast (2014-2029) 
    • Assistance historical data and forecast (2014-2029) 

    Detailed analysis

    • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
    • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
    • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

    Financial Benchmarks

    View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

    Analyst insights

    The profitability of the industry has decreased. Price competition and rising raw material prices have led to a decline in profit margins.

    In this chapter

    • Cost Structure
    • Financial Ratios
    • Key Ratios

    Key metrics

    • Profit margin, and how it compares to the sector-wide margin
    • Average wages, and how it compares to the sector-wide average wage
    • Largest cost component as a percentage of revenue
    • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

    Charts

    • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
    • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
    • Investment vs. share of economy

    Data tables

    • Cash Flow & Debt Service Ratios (2014-2029)
    • Revenue per Employee (2014-2029)
    • Revenue per Enterprise (2014-2029)
    • Employees per Establishment (2014-2029)
    • Employees per Enterprise (2014-2029)
    • Average Wage (2014-2029)
    • Wages/Revenue (2014-2029)
    • Establishments per Enterprise (2014-2029)
    • IVA/Revenue (2014-2029)
    • Imports/Demand (2014-2029)
    • Exports/Revenue (2014-2029)

    Detailed analysis

    • Trends in the cost component for industry operators and their impact on industry costs and profitability 

    Key Statistics

    Industry Data

    Data Tables

    Including values and annual change:

    • Revenue (2014-2029)
    • IVA (2014-2029)
    • Establishments (2014-2029)
    • Enterprises (2014-2029)
    • Employment (2014-2029)
    • Exports (2014-2029)
    • Imports (2014-2029)
    • Wages (2014-2029)

    Top Questions Answered

    Unlock comprehensive answers and precise data upon purchase. View purchase options.

    What is the market size of the Construction, Decoration and Plumbing Part Manufacturing industry in China in 2024?

    The market size of the Construction, Decoration and Plumbing Part Manufacturing industry in China is $45.7bn in 2024.

    How many businesses are there in the Construction, Decoration and Plumbing Part Manufacturing in China industry in 2024?

    There are 2,576 businesses in the Construction, Decoration and Plumbing Part Manufacturing industry in China, which has grown at a CAGR of 2.4 % between 2019 and 2024.

    Has the Construction, Decoration and Plumbing Part Manufacturing industry in China grown or declined over the past 5 years?

    The market size of the Construction, Decoration and Plumbing Part Manufacturing industry in China has been growing at a CAGR of 3.5 % between 2019 and 2024.

    What is the forecast growth of the Construction, Decoration and Plumbing Part Manufacturing industry in China over the next 5 years?

    Over the next five years, the Construction, Decoration and Plumbing Part Manufacturing industry in China is expected to grow.

    What does the Construction, Decoration and Plumbing Part Manufacturing in China include?

    Manufacturing enamel building materials and Manufacturing plumbing equipment fittings are part of the Construction, Decoration and Plumbing Part Manufacturing industry.

    How competitive is the Construction, Decoration and Plumbing Part Manufacturing industry in China?

    The level of competition is moderate and increasing in the Construction, Decoration and Plumbing Part Manufacturing industry in China.

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    Methodology

    How are IBISWorld reports created?

    IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

    Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

    IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

    What data sources do IBISWorld analysts use?

    Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

    Key data sources in China include:

    • National Bureau of Statistics China
    • General Administration of Customs
    • People’s Bank of China

    Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

    These sources include:

    • Industry and trade associations
    • Industry federations or regulators
    • Major industry players annual or quarterly filings

    Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

    How does IBISWorld forecast its data?

    IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

    IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

    Learn more about our methodology and data sourcing on the Help Center.