Press release
According to ConsTrack360's Q2 2021 Global Construction Survey Construction Output in Japan is Expected to Reach US$575.1 Billion By 2025 | Market Opportunity | Industry Dynamics, Key Trends and Drivers
Global Construction Survey Construction Output in Japan
The decline in the construction sector in 2020 is also reflected in the Gross Domestic Product (GDP) growth of the country. During the second quarter of 2020, Japanese GDP contracted by 28.2% at an annualized rate. While it was the biggest decline in history, the GDP also bounced back strongly in the third and fourth quarter of 2020.
Residential Construction
During the first half of 2020, the sales of multifamily houses declined by over 22%, as compared to the same period during 2019. Moreover, during the same time, sales of single family houses also declined by over 15% on a year-on-year basis. This has resulted in a slowdown of construction activities in the residential construction sector. However, the planned construction of more than 100,000 apartments from 2020 onwards is expected to support the recovery of the residential sector over the short to medium term.
The growth of the infrastructure construction sector will be predominantly driven by the expansion of the railway network in Japan. The construction activities of the US$19 billion Chuo Shinkansen Maglev Rail Line is already underway, with Phase I construction from Nagoya to Tokyo expected to be operational in 2027.
Construction activities of Hokuriku Shinkansen from Kanazawa to Tsuruga have also started in Japan. Moreover, the extension of Hokkaido Shinkansen from Shin-Hakodate-Kokuto to Sapporo is also underway. Both of these lines are expected to be operational by 2022 to 2030, respectively. Therefore, it will keep supporting the growth of the infrastructure market in the country in 2021.
In addition to the railway network, the Japanese government is also focusing on its non-hydro renewable energy sector. As a result, the healthy pipeline of construction projects consisting of solar, wind, and biomass projects are expected to support the growth of the construction industry in 2021.
According to ConsTrack360's Q2 2021 Global Construction Survey, construction industry in Japan is expected to grow by 9.7% to reach US$ 511532.6 million in 2021. Despite near-term challenges in certain construction sectors, medium to long term growth story in Japan remains intact. The construction industry in Japan is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 3.0% during 2021-2025. The construction output in the country is expected to reach US$ 575059.1 million by 2025.
This report from ConsTrack360 provides data and trend analyses on construction industry in Japan, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.
It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.
Scope
• Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Japan. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units
• Japan Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Housing type (multi family, single family)
• Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Price point / income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)
• Japan Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Green building by Price point / income level (luxury, mid-tier, affordable)
• Japan Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Construction stage (new construction, re-development & maintenance)
• Japan Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction
• Japan Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
• Japan Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare construction
• Educational construction
• Public sector
• construction stage (new construction, re-development & maintenance)
• Japan Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare green building construction
• Educational green building construction
• Japan Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)
• Japan Green Infrastructure Construction: 10- year market size & forecast in value terms
To get detailed insights and FREE sample report please click here @ https://www.constrack360.com/reportstore/view/Japan-Construction-Industry-Databook-Series-4036
Reasons to Purchase
• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in Japan.
• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period
• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.
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ConsTrack360 is a global research and advisory firm providing comprehensive, accurate, and unbiased business intelligence platform on construction industry. Through detailed databases and insights, we offer unmatched detailed and unbiased content globally.
With over 100,000 data points and 300+ reports, we help clients gain actionable insights across 50 countries, which directly impact revenues. For more information, please visit our website www.constrack360.com or email us at info@constrack360.com
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