Construction in Japan - Key Trends and Opportunities to 2021

Published: Oct, 2017 | Pages: 87 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis

In real terms, the Japanese construction industry registered positive growth during the review period (2012-2016). Construction activity slowed during 2014-2015 as the economy suffered a technical recession, which affected business confidence. However, the economy gradually recovered in 2016, driven by strong global demand and improvements in the country's export trade. This accelerated the pace of public and private sector investment in construction projects.

Over the forecast period (2017-2021), the industry is expected to expand slowly due to factors such as high public debt and deflation. However, government efforts to revitalize the economy by focusing on infrastructure development are expected to provide momentum to the construction industry's growth.

The Olympic Games, to be hosted by Japan in 2020, are expected to be a key driver of the industry's expansion over the forecast period. The government estimates that JPY898.8 billion (US$8.4 billion) is required to develop games-related infrastructure by 2020. Infrastructure construction is expected to be the fastest-growing market in the industry over the forecast period, registering a nominal CAGR of 3.29%, backed by the government's effort to develop the transport infrastructure in order to improve regional connectivity during the 2020 games.

Summary

Timetric's Construction in Japan - Key Trends and Opportunities to 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, and the risks and opportunities they present to participants in the Japanese construction industry

• Profiles of the leading operators in the Japanese construction industry

Scope

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

• Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Japan using construction output and value-add methods

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

• Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

• Detailed profiles of the leading construction companies in Japan

Reasons To Buy

• Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.

• Assess business risks, including cost, regulatory and competitive pressures.

• Evaluate competitive risk and success factors.

Key Highlights

• In December 2016, the government initiated the construction of the huge national stadium in Tokyo for the 2020 Olympic Games. With an estimated investment of JPY160.5 billion (US$1.5 billion), the new stadium is being built to accommodate over 80,000 spectators. It is expected to be completed in 2019.

• Government efforts to provide efficient transport for the large number of visitors during the games are expected to bode well for the infrastructure construction market over the forecast period. In 2015, the government announced plans to invest JPY9.0 trillion (US$74.3 billion) until 2020 to construct new roads and bridges. According to Timetric, the infrastructure construction market is expected to increase in importance over the forecast period, to account for 29.7% of the industry's total value in 2021.

• Following damage caused to the country's infrastructure during the earthquakes and tsunami in 2011, the government announced plans to spend JPY6.5 trillion (US$53.7 billion) between 2016 and 2021 for reconstruction in Northern Japan.

• The county's expanding urban population, coupled with the need for new housing units during the 2020 Olympic Games is expected to support the residential construction market over the forecast period. According to Timetric, the residential construction market is expected to post a nominal forecast-period CAGR of 2.39%, as compared to 1.88% registered during the review period.

• In line with the growing demand for improved healthcare services, in August 2016, the Ministry of Health, Labor and Welfare, announced plans to develop a new 209-bed hospital in Osaka. The project involves an estimated investment of JPY10.7 billion (US$100.0 million) and is expected to be completed in 2019.

 Table of Contents

1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Daiwa House Industry Co. Ltd
5.1 Daiwa House Industry Co. Ltd - Company Overview
5.2 Daiwa House Industry Co. Ltd - Business Description
5.3 Daiwa House Industry Co. Ltd - Main Services
5.4 Daiwa House Industry Co. Ltd - History
5.5 Daiwa House Industry Co. Ltd - Company Information
5.5.1 Daiwa House Industry Co. Ltd - key competitors
5.5.2 Daiwa House Industry Co. Ltd - key employees
6 Company Profile: Kajima Corporation
6.1 Kajima Corporation - Company Overview
6.2 Kajima Corporation - Business Description
6.3 Kajima Corporation - Main Services
6.4 Kajima Corporation - History
6.5 Kajima Corporation - Company Information
6.5.1 Kajima Corporation - key competitors
6.5.2 Kajima Corporation - key employees
7 Company Profile: Obayashi Corporation
7.1 Obayashi Corporation - Company Overview
7.2 Obayashi Corporation - Business Description
7.3 Obayashi Corporation - Main Products and Services
7.4 Obayashi Corporation - History
7.5 Obayashi Corporation - Company Information
7.5.1 Obayashi Corporation - key competitors
7.5.2 Obayashi Corporation - key employees
8 Company Profile: Shimizu Corporation
8.1 Shimizu Corporation - Company Overview
8.2 Shimizu Corporation - Business Description
8.3 Shimizu Corporation - Main Services
8.4 Shimizu Corporation - History
8.5 Shimizu Corporation - Company Information
8.5.1 Shimizu Corporation - key competitors
8.5.2 Shimizu Corporation - key employees
9 Company Profile: Taisei Corporation
9.1 Taisei Corporation - Company Overview
9.2 Taisei Corporation - Business Description
9.3 Taisei Corporation - Main Services
9.4 Taisei Corporation - History
9.5 Taisei Corporation - Company Information
9.5.1 Taisei Corporation - key competitors
9.5.2 Taisei Corporation - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables

Table 1: Japanese Construction Output by Project Type (JPY Million), 2012-2016
Table 2: Japanese Construction Output by Project Type (JPY Million), 2016-2021
Table 3: Japanese Construction Output by Cost Type (JPY Million), 2012-2016
Table 4: Japanese Construction Output by Cost Type (JPY Million), 2016-2021
Table 5: Japanese Construction Output by Activity Type (JPY Million), 2012-2016
Table 6: Japanese Construction Output by Activity Type (JPY Million), 2016-2021
Table 7: Japanese Construction Value Add by Project Type (JPY Million), 2012-2016
Table 8: Japanese Construction Value Add by Project Type (JPY Million), 2016-2021
Table 9: Japanese Commercial Construction Output by Project Type (JPY Million), 2012-2016
Table 10: Japanese Commercial Construction Output by Project Type (JPY Million), 2016-2021
Table 11: Japanese Commercial Construction Output by Cost Type (JPY Million), 2012-2016
Table 12: Japanese Commercial Construction Output by Cost Type (JPY Million), 2016-2021
Table 13: Japanese Commercial Construction Output by Activity Type (JPY Million), 2012-2016
Table 14: Japanese Commercial Construction Output by Activity Type (JPY Million), 2016-2021
Table 15: Japanese Commercial Construction Value Add by Project Type (JPY Million), 2012-2016
Table 16: Japanese Commercial Construction Value Add by Project Type (JPY Million), 2016-2021
Table 17: Japanese Industrial Construction Output by Project Type (JPY Million), 2012-2016
Table 18: Japanese Industrial Construction Output by Project Type (JPY Million), 2016-2021
Table 19: Japanese Industrial Construction Output by Cost Type (JPY Million), 2012-2016
Table 20: Japanese Industrial Construction Output by Cost Type (JPY Million), 2016-2021
Table 21: Japanese Industrial Construction Output by Activity Type (JPY Million), 2012-2016
Table 22: Japanese Industrial Construction Output by Activity Type (JPY Million), 2016-2021
Table 23: Japanese Industrial Construction Value Add by Project Type (JPY Million), 2012-2016
Table 24: Japanese Industrial Construction Value Add by Project Type (JPY Million), 2016-2021
Table 25: Japanese Infrastructure Construction Output by Project Type (JPY Million), 2012-2016
Table 26: Japanese Infrastructure Construction Output by Project Type (JPY Million), 2016-2021
Table 27: Japanese Infrastructure Construction Output by Cost Type (JPY Million), 2012-2016
Table 28: Japanese Infrastructure Construction Output by Cost Type (JPY Million), 2016-2021
Table 29: Japanese Infrastructure Construction Output by Activity Type (JPY Million), 2012-2016
Table 30: Japanese Infrastructure Construction Output by Activity Type (JPY Million), 2016-2021
Table 31: Japanese Infrastructure Construction Value Add by Project Type (JPY Million), 2012-2016
Table 32: Japanese Infrastructure Construction Value Add by Project Type (JPY Million), 2016-2021
Table 33: Japanese Energy and Utilities Construction Output by Project Type (JPY Million), 2012-2016
Table 34: Japanese Energy and Utilities Construction Output by Project Type (JPY Million), 2016-2021
Table 35: Japanese Energy and Utilities Construction Output by Cost Type (JPY Million), 2012-2016
Table 36: Japanese Energy and Utilities Construction Output by Cost Type (JPY Million), 2016-2021
Table 37: Japanese Energy and Utilities Construction Output by Activity Type (JPY Million), 2012-2016
Table 38: Japanese Energy and Utilities Construction Output by Activity Type (JPY Million), 2016-2021
Table 39: Japanese Energy and Utilities Construction Value Add by Project Type (JPY Million), 2012-2016
Table 40: Japanese Energy and Utilities Construction Value Add by Project Type (JPY Million), 2016-2021
Table 41: Japanese Institutional Construction Output by Project Type (JPY Million), 2012-2016
Table 42: Japanese Institutional Construction Output by Project Type (JPY Million), 2016-2021
Table 43: Japanese Institutional Construction Output by Cost Type (JPY Million), 2012-2016
Table 44: Japanese Institutional Construction Output by Cost Type (JPY Million), 2016-2021
Table 45: Japanese Institutional Construction Output by Activity Type (JPY Million), 2012-2016
Table 46: Japanese Institutional Construction Output by Activity Type (JPY Million), 2016-2021
Table 47: Japanese Institutional Construction Value Add by Project Type (JPY Million), 2012-2016
Table 48: Japanese Institutional Construction Value Add by Project Type (JPY Million), 2016-2021
Table 49: Japanese Residential Construction Output by Project Type (JPY Million), 2012-2016
Table 50: Japanese Residential Construction Output by Project Type (JPY Million), 2016-2021
Table 51: Japanese Residential Construction Output by Cost Type (JPY Million), 2012-2016
Table 52: Japanese Residential Construction Output by Cost Type (JPY Million), 2016-2021
Table 53: Japanese Residential Construction Output by Activity Type (JPY Million), 2012-2016
Table 54: Japanese Residential Construction Output by Activity Type (JPY Million), 2016-2021
Table 55: Japanese Residential Construction Value Add by Project Type (JPY Million), 2012-2016
Table 56: Japanese Residential Construction Value Add by Project Type (JPY Million), 2016-2021
Table 57: Daiwa House Industry Co. Ltd, Key Facts
Table 58: Daiwa House Industry Co. Ltd, Main Services
Table 59: Daiwa House Industry Co. Ltd, History
Table 60: Daiwa House Industry Co. Ltd, Key Employees
Table 61: Kajima Corporation, Key Facts
Table 62: Kajima Corporation, Main Services
Table 63: Kajima Corporation, History
Table 64: Kajima Corporation, Key Employees
Table 65: Obayashi Corporation, Key Facts
Table 66: Obayashi Corporation, Main Products and Services
Table 67: Obayashi Corporation, History
Table 68: Obayashi Corporation, Key Employees
Table 69: Shimizu Corporation, Key Facts
Table 70: Shimizu Corporation, Main Services
Table 71: Shimizu Corporation, History
Table 72: Shimizu Corporation, Key Employees
Table 73: Taisei Corporation, Key Facts
Table 74: Taisei Corporation, Main Services
Table 75: Taisei Corporation, History
Table 76: Taisei Corporation, Key Employees
Table 77: Timetric Construction Market Definitions