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Japan Construction Market Size, Share, Growth, Forecast: By Sector: Residential, Commercial, Industrial, Infrastructure (Transportation), Energy and Utilities, Institutional, Others; By Participants: Contractors, Consultants; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Japan Construction Market Outlook
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.
Key Trends in the Market
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.
- The flourishing energy and utilities sector in Japan is driving investments towards building power facilities and renewable energy units. Meanwhile, the thriving commercial construction sector, owing to the increasing footfall of tourists and the surging number of offices, is further boosting the Japan construction market growth.
- Robust infrastructure development activities in Japan, coupled with the rapid development of institutions, healthcare facilities, and aged care facilities, among others, are adding to the market growth.
- Over the forecast period, the anticipated increase in population, the surge in the number of working professionals, and the thriving manufacturing sector are likely to be some of the crucial Japan construction market trends. Moreover, the deployment of innovative digital technologies, such as AI, robotics, virtual reality, and BIM, among others, to accelerate the workflow and enhance the efficiency of construction projects is further bolstering the market growth.
Market Analysis
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.
- 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
- Mori Building Co., Ltd.
- Others
Market Share by Sector
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.
Market Share by Participants
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.
Competitive Landscape
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.
Key Highlights of the Report
| 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:
|
| Breakup by Sector |
|
| Breakup by Participants |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Japan Construction Market Analysis
8.1 Key Industry Highlights
8.2 Japan Construction Historical Market (2018-2023)
8.3 Japan Construction Market Forecast (2024-2032)
8.4 Japan Construction Market by Sector
8.4.1 Residential
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Commercial
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Industrial
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Infrastructure (Transportation)
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Energy and Utilities
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Institutional
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Japan Construction Market by Participants
8.5.1 Contractors
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Consultants
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Kajima Corporation
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Obayashi Corporation
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Shimizu Corporation
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Nippon Koei Co., Ltd.
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 Takenaka Corporation
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 Sumitomo Mitsui Construction Co., Ltd.
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 Zenitaka Corporation
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
10.2.7.4 Certifications
10.2.8 Daiwa House Industry Co., Ltd.
10.2.8.1 Company Overview
10.2.8.2 Product Portfolio
10.2.8.3 Demographic Reach and Achievements
10.2.8.4 Certifications
10.2.9 Toshiba Plant Systems and Services Corporation
10.2.9.1 Company Overview
10.2.9.2 Product Portfolio
10.2.9.3 Demographic Reach and Achievements
10.2.9.4 Certifications
10.2.10 Mori Building Co., Ltd.
10.2.10.1 Company Overview
10.2.10.2 Product Portfolio
10.2.10.3 Demographic Reach and Achievements
10.2.10.4 Certifications
10.2.11 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Japan Construction Market: Key Industry Highlights, 2018 and 2032
2. Japan Construction Historical Market: Breakup by Sector (USD Billion), 2018-2023
3. Japan Construction Market Forecast: Breakup by Sector (USD Billion), 2024-2032
4. Japan Construction Historical Market: Breakup by Participants (USD Billion), 2018-2023
5. Japan Construction Market Forecast: Breakup by Participants (USD Billion), 2024-2032
6. Japan Construction Market Structure
Key Questions Answered in the Report
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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