The global building repair industry is facing a host of development opportunities and challenges. Over the past decade, infrastructure construction in developed countries around the world has been largely completed, and China’s infrastructure development has also become increasingly sophisticated.
However, global economic growth has slowed down. After experiencing explosive growth in 2006, the infrastructure industry has gradually contracted into a steady growth phase, with most economic growth now driven by emerging markets.
Against the backdrop of the gradual tightening of US financial and monetary policies and deteriorating global geopolitical risks, emerging economies are confronted with greater uncertainty and a more challenging credit environment. This has left many emerging economies in an unstable state, exposing construction projects to substantial risks. It is projected that China will reduce its reliance on infrastructure projects to underpin economic growth in the future.
