According to the report by Expert Market Research (EMR), the Japan Construction Market Size reached a value of USD 602.86 billion in 2023. Aided by infrastructure development, urbanisation, and government initiatives, the market is projected to further grow at a CAGR of 3.0% between 2024 and 2032 to reach a value of USD 778.46 billion by 2032.
Construction in Japan refers to the process of planning, designing, and building structures and infrastructure to meet the needs of the country’s population and economy. It encompasses a wide range of activities, including residential, commercial, industrial, and public works projects, as well as infrastructure development such as roads, bridges, railways, and utilities.
One of the key drivers of Japan construction market growth is the ongoing investment in infrastructure projects. The Japanese government has allocated significant funds for the development of transportation networks, including high-speed rail (Shinkansen), highways, bridges, and tunnels, to improve connectivity and mobility across the country. Major projects such as the Tokyo-Osaka Maglev Line and the Tokyo Bay Aqua-Line are a testament to Japan’s commitment to infrastructure modernisation and expansion.
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Urbanization is another major trend shaping the Japan construction market expansion. As more people migrate from rural areas to urban centres in search of employment and better living standards, there is a growing demand for residential, commercial, and mixed-use developments in cities such as Tokyo, Osaka, and Nagoya. Urban renewal projects, transit-oriented developments, and sustainable urban planning initiatives are driving investment in vertical construction, including high-rise buildings, skyscrapers, and mixed-use complexes.
As per the Japan construction market analysis, the Japanese government has implemented various initiatives to stimulate growth in the construction sector and address emerging challenges such as ageing infrastructure, natural disasters, and climate change. The National Resilience Plan, for example, focuses on enhancing the resilience of critical infrastructure against earthquakes, tsunamis, and other natural hazards through measures such as seismic retrofitting, flood protection, and disaster preparedness. Additionally, the Green Growth Strategy aims to promote sustainable development by incentivizing energy-efficient building practices, green building certification, and renewable energy adoption in construction projects.
As per the Japan construction market outlook, Japan is renowned for its innovation and technological prowess in the construction sector. Advanced construction methods, such as prefabrication, modular construction, and robotic automation, are revolutionising the way buildings are designed, fabricated, and assembled. Digital technologies such as Building Information Modelling (BIM), drones, and augmented reality (AR) are enhancing project coordination, communication, and efficiency, resulting in faster delivery times, cost savings, and improved quality outcomes.
Sustainability is a key focus area for the construction market in Japan, driven by increasing awareness of environmental issues and the need to reduce carbon emissions. Green building practices, such as energy-efficient design, passive cooling, and renewable energy integration, are becoming standard requirements for new construction projects. The promotion of wood construction (Mokuzai Kenchiku) and zero-energy buildings (ZEB) is also gaining momentum, reflecting Japan’s commitment to achieving carbon neutrality and mitigating the impacts of climate change.
Mixed-use developments that integrate residential, commercial, and recreational spaces are gaining popularity in urban areas of Japan. Transit-oriented design principles, such as compact development, pedestrian-friendly streetscapes, and proximity to public transportation, are driving the creation of vibrant and sustainable urban neighbourhoods that promote walkability and connectivity, which also boosts the Japan construction market share.
Japan has a rich cultural heritage and architectural legacy that is reflected in its historic buildings, temples, and traditional towns. Efforts to preserve and protect cultural assets through adaptive reuse, heritage conservation, and architectural restoration projects are contributing to the revitalization of historic districts and promoting cultural tourism.
Japan Construction Market Segmentation
The market can be divided based on sector and participants.
Market Breakup by Sector
- Residential
- Commercial
- Industrial
- Infrastructure (Transportation)
- Energy and Utilities
- Institutional
- Others
Market Breakup by Participants
- Contractors
- Consultants
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Competitive Landscape of Japan Construction Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Japan construction market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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