Construction in Japan – Key Trends and Opportunities to 2015

Synopsis

This report provides detailed market analysis, information and insights into the construction market in Japan, including:

• Top level overview of the construction industry in Japan
• Current, historic and forecast market value and trends of individual markets and categories supported by detailed descriptions of individual markets in the industry
• Profiles of the top construction companies in Japan
• Profiles of the ten largest construction projects in Japan

Summary

The level of activity in the Japanese construction industry declined during the review period (2006–2010) as a result of the saturation of key construction markets following a continuous decline in birth rates since the 1980s. This has caused Japan to have an aging and shrinking population whose needs are already effectively catered to and therefore have little demand for new construction, a situation which has resulted in the country’s residential, institutional and commercial construction markets declining as a result of saturation. Furthermore, Japan’s infrastructure construction market is struggling due to the fact that, as the country already has highly developed rail, road, air and port infrastructure networks, there is little demand for new facilities; while the country’s industrial construction market is declining due to Japan’s leading position as a manufacturing hub being threatened by emerging economies such as China and South Korea. Finally, the onset of the global financial crisis further exacerbated Japan’s weak market conditions, leading the country’s construction industry to record a compound annual growth rate (CAGR) of X.XX% during the review period. Following a period of overall Japanese economic recovery in 2010, the country’s construction industry also displayed signs of recovery; a process that was halted by the devastating earthquake and tsunami in March 2011 that caused infrastructure damage that is estimated at JPYXX.XX to JPYXX.XX trillion, destroyed over 300,000 homes, and damaged roads, ports and energy facilities. As part of the country’s reconstruction efforts, the Japanese government announced an aid package of JPYX.XX trillion in April 2011, and this package is expected help the Japanese construction industry to record a CAGR of X.XX% over the forecast period (2011–2015) and reach a projected value of JPYXX.X trillion in 2015.

Scope

• This report provides a comprehensive analysis of the construction industry in Japan:
• Historical values for the construction industry for 2006-10 and forecast figures for 2010-15
• Supporting text on individual markets and values for categories for 2006-10 and forecasts until 2015
• Profiles of the top construction companies in Japan
• Profiles of the top ten construction mega-projects in Japan by value

Reasons To Buy

• Gain insight into the construction industry in Japan with current, historic and forecast figures
• Gain insight into current, historic and forecast industry figures at individual market and category level
• Identify the top construction industry players in Japan along with detailed company profiles and SWOT analysis of all those companies

Key Highlights

• The construction industry is one of the key industries in Japan and similar to the country’s economy, ranks as the third largest construction industry in the world, behind the US and China.
• Infrastructure construction was the largest market in the Japanese construction industry in 2010, with a value of JPY13.1 trillion.
• Residential construction, which was the largest market in the Japanese construction industry in 2006, saw its market share decline by 6.1 percentage points during the review period.
• The value of the Japanese commercial construction market is projected to increase from JPY2.9 trillion in 2010 to JPY3.2 trillion in 2015.
• During the review period, institutional construction was the fastest-growing market within the Japanese construction industry, recording a CAGR of 5.10%.
• Industrial construction was both the smallest and slowest-growing market in the Japanese construction industry during the review period, recording a CAGR of -14.36% during the review period despite registering annual growth of 9.1% in 2010.