Japan Construction Industry Forecast (2016 – 2025) across 40+ Market Segments – Expanding Railway Network Construction Activities Drives Infrastructure Market Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Japan Construction Industry Databook Series – Market Size & Forecast (2016 – 2025) by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction – Q1 2021 Update” report has been added to ResearchAndMarkets.com’s offering.

The construction industry in Japan experienced a muted growth in 2020 largely due to the slowdown in the residential building sector and the global coronavirus outbreak. Moreover, with the preparations for the Tokyo Olympics almost completed there are no major ongoing infrastructure construction activities in the country. Thus, resulting in the slowdown of the construction sector in Japan. However, with momentum in the residential sector and increased spending on expanding the railway network of the country, the industry is expected to recover in 2021.

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, the 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.

During the first half of 2020, the sales of multi-family 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 this Q4 2020 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 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.

Report 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.
• Japan Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms
• Japan Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms
• Japan Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms
• Japan Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms
• Japan Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms
• Japan Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms
• Japan Infrastructure Construction Sectors: 10- year market size & forecast in value terms

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For more information about this report visit https://www.researchandmarkets.com/r/4utayx

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