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The Japan construction market size reached nearly USD 602.86 billion in 2023. The market is projected to grow at a CAGR of 3.0% between 2024 and 2032 to reach a value of around USD 778.46 billion by 2032.
Construction refers to a process of forming objects, systems, or large structures. Construction involves the establishment of a strong foundation on which a small or large building is formed.
Based on sector, the market is segmented into residential, commercial, industrial, infrastructure (transportation), energy and utilities, and institutional, among others. On the basis of participants, the Japan construction market segmentations include contractors and consultants.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Japan construction market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The residential sector accounts for a significant portion of the Japan construction market share. This can be attributed to the surging construction of homes across urban areas of Japan. In addition, rising disposable incomes and rapid urbanisation across the country are fuelling the segment’s growth.
Meanwhile, growing efforts by the Japanese government to counter the increasing prevalence of natural disasters, such as earthquakes, are boosting the emphasis on the development of resilient infrastructure while fuelling the renovation and remodelling of commercial and industrial buildings.
As per the Japan construction market analysis, contractors are likely to witness a healthy growth in the forecast period. The strong foothold of leading contractors in the country, such as Obayashi Corp, Taisei Corp, and Sumitomo Mitsui Construction Co Ltd., among others, is driving the growth of this segment.
Meanwhile, the steady economic growth is boosting the demand for construction consultants in the country, which is likely to accelerate the Japan construction market demand in the coming years.
Kajima Corporation is a company which offers services related to civil engineering, design and construction, research and development of structures, and environmental technologies, among others. It was founded in 1840 and is headquartered in Tokyo, Japan.
Obayashi Corporation is a leading construction company which provides services related to domestic construction, overseas construction, green energy, and real estate development, among others. It was established in 1892 and is headquartered in Tokyo, Japan.
Shimizu Corporation is a renowned company which has a core expertise in construction services. It also provides solutions such as real estate development and life cycle valuation. The company was founded in 1804 and is headquartered in Tokyo, Japan.
Other market players include Nippon Koei Co., Ltd., Takenaka Corporation, Sumitomo Mitsui Construction Co., Ltd., Zenitaka Corporation, Daiwa House Industry Co., Ltd., Toshiba Plant Systems and Services Corporation, and Mori Building Co., Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Sector |
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Breakup by Participants |
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Market Dynamics |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of nearly USD 602.86 billion in 2023.
The market is estimated to grow at a CAGR of 3.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 778.46 billion by 2032.
The flourishing energy and utilities sector, robust infrastructure development activities, increasing population, and strong foothold of leading contractors in the country are the major drivers of the market.
The key trends in the market include the rapid development of smart homes and the increasing deployment of advanced technologies in construction projects in Japan.
Residential, commercial, industrial, infrastructure (transportation), energy and utilities, and institutional, among others, are the different sectors of construction.
Contractors and consultants are the major segments based on participants of construction considered in the market report.
Kajima Corporation, Obayashi Corporation, Shimizu Corporation, Nippon Koei Co., Ltd., Takenaka Corporation, Sumitomo Mitsui Construction Co., Ltd., Zenitaka Corporation, Daiwa House Industry Co., Ltd., Toshiba Plant Systems and Services Corporation, and Mori Building Co., Ltd., among others, are the key market players.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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