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Toll Road Operation in China Industry Data and Analysis
Toll road operators charge motorists for the right to drive on highways. They collect tolls to compensate for the investment into highway construction as well as their maintenance. In China, most toll roads are invested in and managed by the government, and their revenue is primarily derived from tolls. Development of the Toll Road Operation industry has been promoted by rising urbanization, increasing ownership of vehicles, growing populations, and a maturing expressway network. The construction of China’s expressway transportation network is accelerating and the existing expressways also need operation, continuous maintenance and renovation, leading to a huge demand in the Toll Road Operation industry in China. In addition, continuous improvement of urbanization and transportation networks and growth of the number of automobiles in use stimulate market demand for toll road operation. Due to the COVID-19 epidemic in 2020, revenue for the Toll Road Operation industry in China decreased 18.2%. This was also the first time that the industry had seen a decline in revenue. Over the five years through 2024, the Toll Road Operation industry in China has decreased at a CAGR of 0.1% to $94.0 billion, mainly due to negative impact of COVID-19 epidemic. This is anticipated to include a revenue increase of 7.1% in 2024. Since industry activities are supervised by the government, there are only 145 toll road operation enterprises. Profit is expected to account for 4.1% of industry revenue in 2024.As urbanization increases and existing expressway networks improve, steady industry performance is expected in future years. Over the next five years, industry revenue is forecast to grow at a CAGR of 5.5% to $122.8 billion by 2029. Establishments will grow slowly at a CAGR of 0.1% to 731 by 2029. Total employment is expected to reach 746,842 by 2029.
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What's included in this industry analysis
IBISWorld's research coverage on the Toll Road Operation industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Toll Road Operation industry in China operates under the industry code 5232. The Toll Road Operation industry in China manages and maintains expressways, bridges, tunnels and other highways. Not included in this industry are the management and maintenance of city roads, city bridges and city tunnels, as well as the rebuilding and repair of roads, bridges and tunnels. Related terms covered in the Toll Road Operation industry in China include pavement, electronic toll collection (etc) and toll.
What's included in this industry?
Products and services covered in Toll Road Operation industry in China include Toll road operation, Toll bridge operation and Toll tunnel operation.
What companies are included in this industry?
Companies covered in the Toll Road Operation industry in China include Guangdong Provincial Communication Group Co., Ltd., Jiangsu Communications Holding Co., Ltd. and Shandong Hi-Speed Group Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Toll Road Operation industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Toll Road Operation industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Toll Road Operation industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Toll Road Operation industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Toll Road Operation industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Toll Road Operation industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Toll Road Operation industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Toll Road Operation industry in China.
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Frequently Asked Questions
What is the market size of the Toll Road Operation industry in China in 2026?
The market size of the Toll Road Operation industry in China is $94.0bn in 2026.
How many businesses are there in the Toll Road Operation industry in China in 2024?
There are 145 businesses in the Toll Road Operation industry in China, which has declined at a CAGR of 0.0 % between 2019 and 2024.
How may import tariffs affect the Toll Road Operation industry in China?
The Toll Road Operation industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Toll Road Operation industry in China?
The Toll Road Operation industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Toll Road Operation industry in China grown or declined over the past 5 years?
The market size of the Toll Road Operation industry in China has been declining at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Toll Road Operation industry in China over the next 5 years?
Over the next five years, the Toll Road Operation industry in China is expected to grow.
What are the biggest companies in the Toll Road Operation industry in China?
The biggest companies operating in the Toll Road Operation industry in China are Guangdong Provincial Communication Group Co., Ltd., Jiangsu Communications Holding Co., Ltd. and Shandong Hi-Speed Group Co., Ltd.
What does the Toll Road Operation industry in China include?
Toll road operation and Toll bridge operation are part of the Toll Road Operation industry in China.
Which companies have the highest market share in the Toll Road Operation industry in China?
The company holding the most market share in the Toll Road Operation industry in China is Guangdong Provincial Communication Group Co., Ltd..
How competitive is the Toll Road Operation industry in China?
The level of competition is low and increasing in the Toll Road Operation industry in China.
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