The Future of Construction in Japan to 2015: Reconstruction Efforts to Ignite Growth12 Sep 2011 • by Natalie Aster
The Japanese construction industry has undergone a period of decreased activity, experiencing a social and economic problem in the form of low birth rates, which has resulted in a declining and aging population. As a result, some markets within the construction industry such as residential, institutional and commercial are in a state of decline or saturation. The infrastructure market has its own limitations in the shape of an already highly developed rail, road, air and port network. Moreover, there has been a decline in the industrial construction market primarily due to Japan’s market leading position as a reputed manufacturing hub coming under threat from emerging economies such as China and South Korea. The onset of the economic crisis further exacerbated weak market conditions leading the Japanese construction industry to record a CARC of -2.86% during the review period (2006–2010).
The report “The Future of Construction in Japan to 2015: Reconstruction Efforts to Ignite Growth” is the result of ICD’s extensive market and company research covering the Japanese construction industry. It provides detailed analysis of both historic and forecast construction industry values at market and category level, analysis of the leading companies in the industry, and key news.
Following a period of economic recovery in 2010, the construction industry also displayed signs of recovery. However, the devastating earthquake and tsunami in March 2011 halted this process. More than 300,000 houses were destroyed in the disaster alongside roads, ports and energy facilities. As part of the reconstruction effort, the government announced an aid package in April 2011. Over the forecast period (2011–2015), the construction industry is projected to achieve a CAGR of 4.92%.
Within the Japanese construction industry, infrastructure construction was the largest market in 2010 with a share of 46.4%. In terms of growth, institutional construction was the fastest growing market over the review period with a CAGR of 5.10%. This was followed by infrastructure construction with a CAGR of 0.41%.
Figure 1:Japan Overall Construction Industry Dynamics By Market (%), 2006–2015
Source: ICD Research Analysis / © ICD Research
Published: August, 2011
Price: US$ 1,250.00
The report provides a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. It is an essential tool for companies active across the Japanese construction value chain and for new competitors considering entering the industry.
- Inform strategic business decisions using strong historic and forecast market sizing data;
- Understand the demand-side dynamics affecting the Japanese construction industry;
- Detailed market size, growth, segmentation and forecast data across five key industry categories provides all the essential information needed to assess market dynamics and identify new growth opportunities;
- Detailed profiles of major companies within the Japanese construction market enable the reader to benchmark financial performance and assess business strategy against competitors.
More information can be found in the report “The Future of Construction in Japan to 2015: Reconstruction Efforts to Ignite Growth” by iCD Research.
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