Business Monitor International


Japan Infrastructure Report

Published 10 November 2014

  • 106 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: The rapid decline in construction and infrastructure growth in Japan is a sign that the government's aggressive stimulus measures have already begun to wear off. This once again underscores our long-held view that Japan's fiscal stimulus programme is not a sustainable path forward for either the infrastructure sector or the broader economy, and that significant structural reforms are needed to restore competitiveness. Following an estimated 3.3% rate of real growth in 2014, we expect the construction industry's expansion to slow to 2.3% in 2015.

Key Trends And Developments

In October 2014, Mott MacDonald announced that it will supervise the construction of the USD1.1bn solar photovoltaic (PV) Kuni-Umi plant near the city of Setouchi, Okayama, Japan. Mott MacDonald also acted as the client's engineer during the project's development phase. The firm will oversee civil, electrical, structural and instrumentation system implementation work and assess detailed plant designs against local codes and global practice for PV projects. Toyo Engineering and Shimizu Corporation will undertake the construction. The 230MW plant will sell power for 20 years to Chugoku Electric Power Company through a 110kV, 16km underground transmission line that will travel via a residential area and cross numerous rivers. The plant is scheduled to start operating by Q219.

Japan's Ministry of Land, Infrastructure, Transport, and Tourism in October 2014 approved the Central Japan Railway Company's application to build a maglev train that will connect Tokyo and Nagoya. The project, which will cost an estimated JPY5.5trn (USD45.5bn), will carry passengers at speeds of up to 311mph, cutting the travelling time between the two cities to approximately 40 minutes from nearly 100 minutes currently on the Shinkansen bullet train. It is slated for completion by 2027, with a proposed extension to Osaka tentatively planned for 2045.

JFE Engineering Corporation in September 2014 secured...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Japan 2012-2017)
10
Table: Construction And Infrastructure Industry Data (Japan 2018-2023)
11
Transport Infrastructure - Outlook And Overview
19
Table: Transport Infrastructure Industry Data (Japan 2012-2017)
19
Table: Transport Infrastructure Industry Data (Japan 2018-2023)
20
Table: Competitiveness Of Japan's Infrastructure
22
Major Projects Table - Transport
29
Table: Major Projects - Transport
29
Energy And Utilities Infrastructure - Outlook And Overview
30
Table: Energy And Utilities Infrastructure Data (Japan 2012-2017)
30
Table: Energy And Utilities Infrastructure Data (Japan 2018-2023)
31
Table: Fact Box: Proposed Changes In Fourth Basic Energy Plan
33
Table: Factbox: Nuclear Restart Applications
41
Major Projects Table - Energy & Utilities
49
Table: Major Projects - Energy & Utilities
49
Residential/Non-Residential Building - Outlook And Overview
55
Table: Residential and Non-Residential Building Industry Data (Japan 2012-2017)
55
Table: Residential and Non-Residential Building Industry Data (Japan 2018-2023)
55
Table: Japan - Public Housing Plan For Disaster-Hit Victims, Units
57
Table: Japan - Status Of Land Acquisition For Mass Relocation Projects
57
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
64
Table: Major Projects - Residential/Non-Residential and Social Infrastructure
64
Industry Risk/Reward Ratings
65
Japan - Infrastructure Risk/Reward Ratings
65
Rewards
65
Risks
66
Asia Pacific - Infrastructure Risk/Reward Ratings
67
Developed Markets: Favoured
68
Giants Of Asia: Rewards Sizeable, Risks Sizeable
70
South East Asia: Political Risks Rises
72
Table: Asia Pacific Infrastructure Risk Reward Ratings
75
Market Overview
76
Competitive Landscape
76
Table: EQS
77
Company Profile
79
Kajima
79
J-Power
83
Taisei
88
Global Infrastructure Overview
93
Middle East/North Africa Presents Strongest Investment Profile
93
Methodology
99
Industry Forecast Methodology
99
Sector-Specific Methodology
100
Risk/Reward Rating Methodology
104
Sector-Specific Methodology
105
Table: Infrastructure Risk/Reward Rating Indicators
105
Table: Weighting Of Indicators
106

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

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 Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The Reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Indices provide investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points to provides indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

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 Company 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.

Sources

The infrastructure Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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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