London, 04 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the construction outlook market in Japan 2015-2019, which is expected to grow at a CAGR of 1.92% during the forecast period of 2014-2019.
The upcoming 2020 Summer Olympic Games is fueling the demand for construction. The government is focusing on improving transport efficiency by construction of new roads to reduce the travel time for tourists and athletes. Moreover, there are increasing instances of shift in focus from new construction to upgrading of aging infrastructure in Japan. The market growth will be led by rise in private investment, and demand for new building construction and increase in government spending.
“Concerns over increased energy consumption by buildings and rising energy prices have made construction companies focus on the development of energy-efficient buildings,” says Faisal Ghaus, Vice President of Technavio.
“Many construction companies such as Daito and Obayashi are adding features such as rainwater harvesting and solar water heating to their constructs.”
Key Market Drivers
- Growth in Real Estate Market
- Increase in Construction of Pre-fabrication Buildings
- Summer Olympic Games in Tokyo
Key Market Trends
- Revision of PFI Act
- Demand for Zero-energy Buildings
- Application of New Technologies
Key Market Vendors
- Daito Trust Construction Co. Ltd.
- Nishimatsu Construction Co. Ltd.
- Obayashi Corp.
- Taisei Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
