Japan Commercial Construction Market to Grow at 6.30% During 2024-2032, Propelled by Strong Emphasis on Infrastructure Development

December 13, 2023 | Construction and Manufacturing

According to the latest report by IMARC Group, titled “Japan Commercial Construction Market Report by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, and Others), and Region 2024-2032,” finds that the Japan commercial construction market is expected to exhibit a CAGR of 6.30% during the forecast period (2024-2032). Commercial construction refers to the process of building structures and facilities that are intended for business or commercial purposes. It involves the construction of buildings, such as office complexes, warehouses, hotels, and restaurants. It plays a crucial role in supporting economic growth and providing spaces for various business activities. It is vital in creating retail spaces, including shopping malls, strip malls, and standalone stores, which serve as platforms for businesses to showcase and sell their products and services to consumers. It assists in developing healthcare facilities, such as hospitals, clinics, and medical office buildings. As it contributes to the entertainment sector by creating venues like theaters, stadiums, and concert halls, the demand for commercial construction is rising in Japan.

Japan Commercial Construction Market Trends:

At present, the growing demand for commercial construction for developing commercial spaces, such as office buildings, retail outlets, and mixed-use developments, to cater to the needs of city dwellers represents one of the key factors offering a favorable market outlook. Besides this, governing agencies in Japan places a strong emphasis on infrastructure development, including transportation networks, energy facilities, and public amenities. The construction of bridges, tunnels, railways, and airports is essential to support the economic activities and connectivity of the country. In addition, Japan is a leader in technological innovations. As a result, advanced construction methods and materials are often employed to enhance the safety, efficiency, and sustainability of commercial construction projects. Apart from this, the thriving tourism industry in the country is catalyzing the demand for commercial construction in the hospitality sector. The rising construction of hotels, resorts, and other accommodation facilities is offering lucrative growth opportunities to industry investors. Additionally, many existing commercial buildings and infrastructure in Japan are aging and in need of renovation or replacement. This, in turn, is creating opportunities for construction companies to engage in retrofitting and modernization projects.

Market Summary:

  • Based on the end user, the market has been classified into office building construction, retail construction, hospitality construction, institutional construction, and others.
  • Region-wise, the market has been segmented into Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.
  • The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • End User
  • Region 
End Users Covered Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, Others
Regions Covered Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Japan Commercial Construction Market to Grow at 6.30% During 2024-2032, Propelled by Strong Emphasis on Infrastructure Development
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