Business Monitor International


Japan Infrastructure Report

Published 12 March 2014

  • 109 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Japan Infrastructure Report

BMI View: We expect a bright start for Japan's construction and infrastructure activity in 2014 due to several factors - namely aggressive fiscal and monetary measures, a large construction project pipeline and the potential for greater policy formation and project execution in Japan. However, it still remains to be seen whether the Japanese government will be able to overcome its fiscal problems and carry out the necessary reforms that could lift long-term construction and infrastructure demand. At present, we have seen some progress in implementing reforms specific to the infrastructure sector.

Key Trends And D evelopments

  • In January 2014, three of Japan's expressway operators - East Nippon Expressway, Central Nippon Expressway and West Nippon Expressway ¬ announced that the cost of renovating aging bridges and tunnels on their expressways (about 2,110km of 9,000km of expressways) are estimated to total about JPY3.02trn over 15 years, starting from April 2014. JPY1.76trn of the funding is to be spent on large-scale renewals of about 240km of bridges (including the replacement of bridge girders), while the remaining JPY1.26trn is to be spent on large-scale repair work for about 1,870km of expressways, including reinforcement work on tunnel foundations.

  • In January 2014, Marubeni announced it had purchased a 100MW gas-fired power plant in the Tokyo area from independent power producer (IPP) F-Power. A spokeswoman from the company said Marubeni aims to add another 200MW of domestic capacity by 2016 when the nation's electricity market will be completely liberalised, bringing its thermal and hydro-power generation capacity in Japan to just over 360MW. According to Japanese newspaper the Nikkei (which did not cite a source), this deal is part of a JPY150bn (US$1.43bn) plan by Marubeni to expand its thermal power business in Japan. The company is understood to be looking to develop two more gas-fired and two coal-fired thermal plants, all within the...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Japan Construction And Infrastructure Industry Data, 2012-2017
10
Table: Japan Construction And Infrastructure Industry Data, 2018- 023
12
Transport Infrastructure - Outlook And Overview
22
Table: Japan Transport Infrastructure Industry Forecasts, 2012 - 2017
22
Table: Japan Transport Infrastructure Long Term Forecasts, 2018 - 2023
25
Table: Competitiveness Of Japan's Infrastructure
27
Major Projects Table - Transport
34
Table: Major Projects - Transport
34
Energy And Utilities Infrastructure - Outlook And Overview
35
Table: Japan Energy and Utilities Infrastructure Industry Data, 2012-2017
35
Table: Japan Energy and Utilities Infrastructure Industry Data, 2018-2023
36
Table: Fact Box: Requests For Reactor Restarts
46
Major Projects Table - Energy & Utilities
54
Table: Major Projects - Energy & Utilities
54
Residential/Non-Residential Building - Outlook And Overview
58
Table: Japan Residential and Non-residential Building Industry Data, 2012-2017
58
Table: Japan Residential and Non-residential Building Long Term Forecasts, 2018-2023
58
Table: Japan - Public Housing Plan For Disaster-Hit Victims, Units
60
Table: Japan - Status Of Land Acquisition For Mass Relocation Projects
60
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
66
Table: Major Projects - Residential/Non-Residential and Social Infrastructure
66
Industry Risk/Reward Ratings
67
Japan - Infrastructure Risk/Reward Ratings
67
Rewards
67
Risks
67
Asia Pacific - Infrastructure Risk/Reward Ratings
68
Table: Asia Pacific Infrastructure Risk Reward Ratings
76
Market Overview
77
Competitive Landscape
77
Table: EQS
78
Company Profile
80
Kajima
80
J-Power
84
Taisei
89
Global Infrastructure Overview
93
Africa In 2014: PPPs Cement Global Appeal
93
Asia-Pacific In 2014: Shaping Up To Be A Benign Year
98
Latin America In 2014: A Prosperous Year For Infrastructure Development
105
MENA In 2014: Reaping Rewards Despite Risks
109
North America And Europe In 2014: Turning A Corner
114
Methodology
121
Industry Forecast Methodology
121
Sector-Specific Methodology
122
Risk/Reward Rating Methodology
126
Sector-Specific Methodology
127
Table: Infrastructure Risk/Reward Rating Indicators
127
Table: Weighting Of Indicators
128

The Japan Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Japan Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Japanese infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Japan to test other views - a key input for successful budgetary and planning in the Japanese infrastructure market.
  • Target business opportunities and risks in the Japanese infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Japan.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Ratings

BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc