Japan Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Japan Construction Market Report Overview
The Japan construction market size was $514.5 billion in 2023. The market is projected to achieve an AAGR of more than 1% during 2025-2028. The growth of the market is attributed to investment in the renewable energy, manufacturing, and commercial sectors. The government’s plan to set up a fund to support research in 6G communications systems will also drive the market growth during the forecast period.
Japan Construction Market Outlook, 2023-2028 ($ Billion)
Buy the Full Report to Know More about the Japan Construction Market Forecast
The Japan construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Japanese construction market growth in the coming years.
Market Size (2023) | $514.5 billion |
AAGR (2025-2028) | >1% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Obayashi Corp
· Shimizu Corp · Taisei Corp · Kajima Corp · Toda Corp |
Key Consultants | · Nikken Sekkei Ltd
· Mitsubishi Group · Leslie E Robertson Associates · Nippon Koei Co Ltd · Japan Railways Group |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Japan Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Japan construction market in 2023
The key sectors in the Japan construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Government initiatives to revive the tourism sector, coupled with investment in the construction of data center and logistic buildings will drive the commercial sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. A rise in investment in the construction of manufacturing plants, coupled with investment in the semiconductor industry will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s focus on developing transport infrastructure and improving regional connectivity will support the infrastructure sector’s output over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investment in Japan’s renewable energy and telecommunications sector will drive the sector growth between 2025 and 2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in education projects and research facilities will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. A recovery in housing demand amid a gradual improvement in the construction of new dwellings and residential sales of detached homes will drive the sector growth over the forecast period.
Japan Construction Market Analysis by Sectors, 2023 (%)
Buy the Full Report for more Sector Insights into the Japan Construction Market
Japan Construction Market - Competitive Landscape
Obayashi Corp emerged as the leading contractor and Nikken Sekkei Ltd as the leading consultant in the Japan construction market in 2023
A few of the leading contractors in the Japan construction market are:
- Obayashi Corp
- Shimizu Corp
- Taisei Corp
- Kajima Corp
- Toda Corp
Domestic contractors account for most of the project pipeline in the Japanese construction market.
Japan Construction Market Analysis by Contractors, 2023 (%)
Buy the Full Report to Know More about the Contractors in the Japan Construction Market
A few of the leading consultants in the Japan construction market are:
- Nikken Sekkei Ltd
- Mitsubishi Group
- Leslie E Robertson Associates
- Nippon Koei Co Ltd
- Japan Railways Group
Consultants with headquarters in Japan are involved in most of the project pipeline by value.
Japan Construction Market Analysis by Consultants, 2023 (%)
Buy the Full Report to Know More about Consultants in the Japan Construction Market
Japan Construction Market - Latest Developments
- The largest commercial project currently in the pipeline is the Osaka Integrated Casino Resort Project, which includes the construction of luxury hotels, retail spaces, conference centers, restaurants, gaming zones, and other related facilities.
- The largest industrial project currently in the pipeline is the K2 Manufacturing Facility, which involves the construction of production units, assembling units, testing units, distribution units, warehouse facilities, and the installation of equipment and machinery.
Segments Covered in the Report
Japan Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Japan.
- Historical and forecast valuations of the construction industry in Japan, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’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 GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
Table
Figures
Frequently asked questions
-
What was the construction market size in Japan in 2023?
The construction market size in Japan was $514.5 billion in 2023.
-
What will the Japan construction market growth rate be during the forecast period?
The construction market in Japan is projected to achieve an AAGR of more than 1% during 2025-2028.
-
Which sector accounted for the highest share of the Japan construction market in 2023?
The residential construction sector accounted for the highest market share in the Japanese construction market in 2023.
-
Which are the leading contractors in the Japanese construction market?
A few of the leading contractors in the Japanese construction market are Obayashi Corp, Shimizu Corp, Taisei Corp, Kajima Corp, and Toda Corp, among others.
-
Which are the leading consultants in the Japanese construction market?
A few of the leading consultants in the Japanese construction market are Nikken Sekkei Ltd, Mitsubishi Group, Leslie E Robertson Associates, Nippon Koei Co Ltd, and Japan Railways Group, among others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.