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368260

Construction in Japan - Key Trends and Opportunities to 2025 (H2 2021)

Published: | GlobalData | 51 Pages | Delivery time: 1-2 business days

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Construction in Japan - Key Trends and Opportunities to 2025 (H2 2021)
Published: September 30, 2021
GlobalData
Content info: 51 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

The Japanese construction industry was severely impacted by the Coronavirus (COVID-19) pandemic and the subsequent implementation of state-of-emergency measures, resulting in a 7% decline in real terms in 2020. The industry has remained weak in the first two quarters of this year. According to the Economic and Social Research Institute (Cabinet Office, Government of Japan), the value of construction fell by 15.5% quarter on quarter (QoQ) in Q2 2021. While construction value grew by 1.5% year on year (YoY) in Q2 2021, this was primarily due to the low base set in Q2 2020.

GlobalData expects the construction industry to expand by 5.1% in 2021, before registering an annual average growth of 1.2% between 2022-2025; this will be supported by investments in the transport, renewable energy, telecommunication and manufacturing sectors. The government plans to develop 10GW of offshore wind capacity by Fiscal Year (FY) 2030/2031, in line with its target to increase the share of renewable energy in its total power mix to 22-24% by 2030; this will attract public and private sector investment towards the renewable energy projects.

The output of the industrial sector will be strengthened by increased investments in manufacturing and non-manufacturing industries as a result of the government's focus on improving supply chain resilience and reducing dependence on China. To achieve this, the government outlaid JPY220 billion (US$2 billion) of subsidies in April 2020, to encourage manufacturing enterprises to relocate to Japan. In May 2021, the government approved JPY35.84 trillion (US$344.2 billion) for the development of social security services, including healthcare and pensions, in response to Japan's ageing population.

GlobalData's Construction in Japan - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into the Japanese construction industry, including -

  • The Japanese construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Japanese construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Japan. It provides -

  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Japan, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Table of Contents
Product Code: GDCN0761MR

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

  • 3.1 Economic Performance
  • 3.2 Political Environment and Policy
  • 3.3 Demographics
  • 3.4 COVID-19 Status
  • 3.5 Risk Profile

4 Construction Outlook

  • 4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
  • 4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
  • 4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants

  • 5.1 Contractors
  • 5.2 Consultants

6 Construction Market Data

7 Appendix

  • 7.1 What is this Report About?
  • 7.2 Definitions
  • 7.3 CRI Methodology
  • 7.4 GlobalData Construction
  • Contact Us

List of Tables

List of Tables

  • Table 1: Construction Industry Key Data
  • Table 2: Japan, Key Economic Indicators
  • Table 3: Japan, Commercial Construction Output by Project Type (Real % Change), 2016-2025
  • Table 4: Japan, Top Commercial Construction Projects by Value
  • Table 5: Japan, Industrial Construction Output by Project Type (Real % Change), 2016-2025
  • Table 6: Japan, Top Industrial Construction Projects by Value
  • Table 7: Japan, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
  • Table 8: Japan, Top Infrastructure Construction Projects by Value
  • Table 9: Japan, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
  • Table 10: Japan, Top Energy and Utilities Construction Projects by Value
  • Table 11: Japan, Institutional Construction Output by Project Type (Real % Change), 2016-2025
  • Table 12: Japan, Top Institutional Construction Projects by Value
  • Table 13: Japan, Residential Construction Output by Project Type (Real % Change), 2016-2025
  • Table 14: Japan, Top Residential Construction Projects by Value
  • Table 15: Japan, Key Contractors
  • Table 16: Japan, Key Consultants
  • Table 17: Japan, Construction Output Value (Real, US$ Million)
  • Table 18: Japan, Construction Output Value (Nominal, JPY Billion)
  • Table 19: GlobalData Construction Market Definitions
  • Table 20: Risk Dimensions
  • Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

  • Figure 1: North-East Asia, Construction Output (Real % Change), 2020 and 2021
  • Figure 2: Japan, Construction Projects Pipeline by Sector (US$ Billion)
  • Figure 3: Japan, COVID-19 Confirmed Cases
  • Figure 4: Japan, Risk Summary
  • Figure 5: Japan, Risk Regional Comparison
  • Figure 6: Japan, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
  • Figure 7: Japan, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
  • Figure 8: Japan, Total Floor Area of Building Construction Started, % Change YoY
  • Figure 9: Japan, Value of Contracts Received for Construction (JPY trillion), % Change YoY
  • Figure 10: Japan, Total Value of Private Sector Investments on Buildings, (JPY Billion), % Change YoY
  • Figure 11: Japan, Gross Fixed Capital Formation, (JPY Billion, 2011 Chained Prices), % Change YoY
  • Figure 11: Japan, Construction Projects Momentum Index
  • Figure 12: North-East Asia, Construction Projects Momentum Index
  • Figure 14: Japan, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 15: Japan, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 16: Japan, Foreign Visitor Arrivals (in Thousands)
  • Figure 17: Japan, Wholesale and Retail Trade, % Change YoY)
  • Figure 18: Japan, Sales in the Accommodation and Food Services Sector, % Change YoY
  • Figure 19: Japan, Commercial Property Prices, (2010=100), % Change YoY
  • Figure 20: Japan, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 21: Japan, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 22: Japan, Manufacturing Production Index (2015=100), Seasonally Adjusted, % Change YoY
  • Figure 23: Japan, Manufacturing PMI, % Change YoY
  • Figure 24: Japan, Overseas Machinery Orders (JPY billion), % Change YoY
  • Figure 25: Japan, New Motor Vehicle Sales (in Thousands), % Change YoY
  • Figure 26: Japan, Exports (in JPY Trillion), % Change YoY
  • Figure 27: Japan, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 28: Japan, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 29: Japan, Civil Engineering (JPY trillion), % Change YoY
  • Figure 30: Japan, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 31: Japan, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 32: Japan, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 33: Japan, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 34: Japan, Construction Started on Schools and Hospitals, Total Floor Area in Thousands m2, % Change YoY
  • Figure 35: Japan, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 36: Japan, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 37: Japan, Private Residential Investments (in JPY Billion), % Change YoY
  • Figure 38: Japan, Consumer Confidence Index, Seasonally Adjusted
  • Figure 39: Japan, Number of New Construction Starts of Dwellings (in Thousands), % Change YoY
  • Figure 40: Japan, Existing Home Sales in Tokyo and Osaka Metropolitan Areas, % Change YoY
  • Figure 41: Japan, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 42: Japan, Headquarters of Key Consultants (% of Total Project Pipeline)