装配式行业全景图.docxVIP

Construction Analyst Han Yijia SFC：BOT963 SAC：S0190517080003 hanyij@ Contact Meng Jie SAC：S0190513080002 mengjie@ Explosive Growth of Prefabricated Building Industry Overweight（I Overweight （Initial） What is prefabricated building industry? Prefabricated building industry refers to the building that some of components are hoisted and connected at the construction site after standard and batch prefabrication in the factory. Compared with the traditional construction, prefabricated building industry is more time saving，low labor dependent and environment friendly. Developing direction. Prefabricated construction is still an emerging industry in China, and the high cost restricts the large-scale application of prefabricated construction. Secondly, the industrial chain is incomplete and lack of professionalism and reliable quality monitoring, the quality of PC buildings is easily affected by the construction level. The prefabricated construction industry is more affected by the policy promotion in the early stage of development. After a certain scale effect, prefabricated construction has strong economic applicability, and the trend of rising traditional construction costs is irreversible. As the industry chain gradually matures, it will achieve faster demand growth. Policy driven. In line with the government’s plan, the penetration rate of prefabricated building in China will increase to 15% by 2020 and 30% by 2025. 31 provinces and cities have issued hundreds of guidance and related supporting measures, promoting the development of prefab building. Market driven. Traditional construction industry is facing severe problems such as the shortage of migrant workers, the increase of unit labor costs and environmental issues. With the large-scale of component production and the raising of traditional building cost, the economical applicability of PCPS Construc