Therefore, developers try to avoid adopting too many vertical structures, which results in a low score of just over 20 points in the main structure of the project.

According to the data released by the Ministry of Housing and Urban Rural Development, the national precast decoration area will be 45.29 million square meters in 2019 and 83.08 million square meters in 2021.

Including 28.842 billion yuan for public buildings and 150.195 billion yuan for residential houses..

Under the background of shrinking population dividend, assembly decoration will become a market-oriented choice in the future.

Characteristics of precast decoration: Data source: Zhiyan Consulting takes the 50 ㎡ security room as an example.

In 2021, the market scale of China’s precast decoration industry will be 179.037 billion yuan, with a year-on-year growth of 22.1%.

Traditional decoration involves dozens of types of work, such as wood, tile and oil, and there is a large demand for migrant workers engaged in the construction industry.

Source: Intelligent Research Consulting II Industry drivers: The rising labor cost supports the long-term development of the precast decoration industry, and the policy becomes a short-term driving force.

In 2020, 13 departments including the Ministry of Housing and Urban Rural Development, the National Development and Reform Commission and the Ministry of Science and Technology jointly issued the Guiding Opinions on Promoting the Coordinated Development of Intelligent Building and Building Industrialization, pointing out that it is necessary to vigorously develop precast buildings, promote the establishment of a professional, large-scale and information-based production system based on standard components, accelerate the promotion of building industrialization, digital and intelligent upgrading, and promote the high-quality development of the construction industry.

Source of statistics on the scale of China’s precast buildings from 2016 to 2021: Smart Research Consulting and the Ministry of Housing and Urban Rural Development’s precast decoration industry have witnessed rapid growth, small volume and great market potential.

By 2025, green buildings and ultra-low energy consumption buildings will be fully built, with precast buildings accounting for 30%, laying the foundation for carbon peak by 2030.

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Source of data on migrant workers’ wages in China’s construction industry from 2013 to 2021: Intelligent Research Consulting, National Bureau of Statistics 2.

Assembled decoration with less demand for workers is gradually getting more choices from owners and developers.

The construction industry as a whole maintained a rapid growth trend, while migrant workers in the construction industry failed to grow with it.

U Bar Anchor

In recent years, the source of domestic precast building development policy data: the precast building evaluation standard implemented by Smart Research Consulting in February 2018 stipulates that in the 100 point scoring system, only those with more than 50 points can be rated as precast buildings.

On March 11, 2022, the Ministry of Housing and Urban Rural Development issued the “Fourteenth Five Year Plan” for Building Energy Conservation and Green Building Development.

According to the data of the National Bureau of Statistics, the proportion of migrant workers engaged in the construction industry has declined since 2014.

In terms of structure type, newly started precast concrete structure buildings cover 490 million square meters, steel structure buildings cover 210 million square meters, and precast steel structure residential projects cover 15.09 million square meters.

On April 27, 2022, the General Office of Beijing Municipal People’s Government issued the Implementation Opinions on Further Development of Fabricated Buildings, proposing to “gradually increase the proportion of precast decoration of affordable housing, commercial housing and public buildings, and encourage existing buildings to adopt precast decoration”.

Main structure (20-50 points), enclosure wall and interior partition (10-20 points, including 5 points for non load-bearing enclosure wall and non masonry), while the score related to cast decoration is as high as 45 points.

From the current successful cases, the design and construction of vertical components are the most difficult, and the largest cost increment is in the main structure.

The on-site construction period of precast decoration is 80% less than that of traditional decoration, the labor consumption is 60% less, and the materials of the ground, partition wall and the whole are 60% – 70% less.

On December 12, 2017, the Ministry of Housing and Urban Rural Development issued the national standard “Evaluation Standard for Fabricated Buildings”, to vigorously develop precast buildings.

Driven by policies, the precast decoration has shown a rapid growth trend in recent years.

Source of information on the development and employment of China’s construction industry from 2017 to 2021: On the other hand, the income level of migrant workers in China’s construction industry has increased year by year, while only installers and water electricians are needed at the assembly decoration site.

Source of evaluation standards for precast buildings: In order to meet the evaluation standards for precast buildings, developers need to consider various factors and choose a construction scheme.

Data source of China’s precast decoration area from 2016 to 2021: The continuous penetration of intelligent research consulting precast buildings provides the soil for the development of precast decoration, which has a large market space.

According to the statistics of the Ministry of Housing and Urban Rural Development, the newly started precast buildings in 2021 will total 740 million square meters, an increase of 18% over 2020.

The labor cost in the decoration industry is rising, and the cost performance of assembly is gradually highlighted.

III The penetration rate of precast buildings has increased, driving the rapid growth of the decoration market.

Local governments have also issued relevant preferential policies for precast buildings, mainly in four categories: 1) financial incentives or subsidies: for buildings with a precast rate or a precast rate reaching a certain level, a certain subsidy will be given; 2) Tax preference: VAT will be refunded immediately or the corporate income tax will be levied at a reduced rate of 15%; 3) Plot ratio reward: plot ratio differential accounting or a certain level of plot ratio reward; 4) Land use and financial policy support.

In the case of difficulty in upgrading the main structure, precast decoration has become the key point for developers.

I Assembled decoration, new type of industrial decoration Assembled decoration refers to the decoration method of mass production of decoration components through industrial intelligent equipment in the factory, dry construction at the construction site, and combined installation of factory produced interior components, equipment pipelines, etc.

Migrant workers are less willing to choose the construction industry, and labor costs are rising year by year.

Policies were strengthened, and precast decoration became a must.