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In 2022, the size of the Construction market was estimated to be USD 573.82 billion. From 2023 to 2030, the market will increase at a CAGR of 6.8%. By 2030, it is anticipated that the size of the Japanese construction market would be US$1009.27 billion. The country with the fastest projected growth is Japan.
Estimates of Gross Domestic Product (GDP) growth and employment indicate that a significant amount of the Japanese economy is accounted for by the construction sector. The construction industry saw a consistently upward trend in the ten years prior, which was spurred by the reconstruction that followed the significant earthquake in East Japan and the Summer Olympics in Tokyo. The main industries in the Japanese construction market are institutional building, commercial building, industrial building, building infrastructure, building energy & utilities, and building residential buildings.
Super Zenecon, a group of five large general contractors, controls the industry despite the fact that there are over 465,000 authorised construction companies in Japan. Obayashi Corporation, Tasei Corporation, Kajima Corporation, Shimizu Corporation, and Taneka Corporation are some of these businesses. Through the development of human resources and technological advancements, Japanese enterprises have demonstrated their superior technological knowledge and capabilities while supporting the long-term progress of countries all over the world. Japanese companies work on a variety of infrastructure projects, including residential and commercial ones, including their design, operation, and other aspects of construction.
Increased government spending on infrastructure development is what is fueling the growth of the construction sector in developing nations in order to maintain economic growth in the future. In order to reduce their carbon footprint, several public infrastructure construction projects are implementing cleaner technologies. The worldwide construction market is predicted to increase as a result of factors including rising demand for quicker infrastructure development and the use of technologically superior tools and machinery for building in industrialised nations with the aim of reducing project completion times.
Report Coverage
Global Construction research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Construction report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Construction competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Construction market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Construction market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Construction market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kajima Corporation, Obayashi Corporation, Shimizu Corporation, Mitsubishi Heavy Industries Ltd., Nippon Koei Co Ltd., Takenaka Corporation, Sumitomo Mitsui Construction Co Ltd., Taisei Corporation, The Zenitaka Corp., Mitsubishi Estate Co Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Construction market based on the below-mentioned segments:
Global Construction Market, By Type
Global Construction Market, By End User
Global Construction market, Regional Analysis
Estimates of Gross Domestic Product (GDP) growth and employment indicate that a significant amount of the Japanese economy is accounted for by the construction sector. The construction industry saw a consistently upward trend in the ten years prior, which was spurred by the reconstruction that followed the significant earthquake in East Japan and the Summer Olympics in Tokyo. The main industries in the Japanese construction market are institutional building, commercial building, industrial building, building infrastructure, building energy & utilities, and building residential buildings.
Super Zenecon, a group of five large general contractors, controls the industry despite the fact that there are over 465,000 authorised construction companies in Japan. Obayashi Corporation, Tasei Corporation, Kajima Corporation, Shimizu Corporation, and Taneka Corporation are some of these businesses. Through the development of human resources and technological advancements, Japanese enterprises have demonstrated their superior technological knowledge and capabilities while supporting the long-term progress of countries all over the world. Japanese companies work on a variety of infrastructure projects, including residential and commercial ones, including their design, operation, and other aspects of construction.
Increased government spending on infrastructure development is what is fueling the growth of the construction sector in developing nations in order to maintain economic growth in the future. In order to reduce their carbon footprint, several public infrastructure construction projects are implementing cleaner technologies. The worldwide construction market is predicted to increase as a result of factors including rising demand for quicker infrastructure development and the use of technologically superior tools and machinery for building in industrialised nations with the aim of reducing project completion times.
Report Coverage
Global Construction research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Construction report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Construction competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Construction market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Kajima Corporation, Obayashi Corporation, Shimizu Corporation, Mitsubishi Heavy Industries Ltd., Nippon Koei Co Ltd., Takenaka Corporation, Sumitomo Mitsui Construction Co Ltd., Taisei Corporation, The Zenitaka Corp., Mitsubishi Estate Co Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Construction Market from 2021 to 2030.
- Market Forecast for Construction Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Construction competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Construction
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Construction market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Construction market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kajima Corporation, Obayashi Corporation, Shimizu Corporation, Mitsubishi Heavy Industries Ltd., Nippon Koei Co Ltd., Takenaka Corporation, Sumitomo Mitsui Construction Co Ltd., Taisei Corporation, The Zenitaka Corp., Mitsubishi Estate Co Ltd.
Primary Target Market
- Market Players of Construction
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Construction market based on the below-mentioned segments:
Global Construction Market, By Type
- Building Construction
- Heavy and Civil Engineering Construction
- Specialty Trade Contractors
- Land Planning and Development
Global Construction Market, By End User
- Commercial
- Residential
- Industrial
Global Construction market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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