DUBLIN–(BUSINESS WIRE)–The “Asia
Pacific Construction Industry Databook Series – Market Size & Forecast
(2014 – 2023) by Value and Volume (area and units) across 40+ Market
Segments in Residential, Commercial, Industrial, Institutional and
Infrastructure Construction” report has been added to ResearchAndMarkets.com’s
offering.
Asia Pacific is set to witness infrastructure and construction boom in
the coming five years with healthy spread of projects shared between
residential, industrial and infrastructural categories.
Government intervention in the region along with increasing
urbanization, investment and government and consumer spending is pushing
the economies to post strong growth. Even though infrastructure
investment has been a key driver of construction industry, the growth
comes with challenges.
Current Trends & Drivers
The outlook of construction industry in the region is strong with
visible infrastructure spending in India, Indonesia, China, Australia,
Singapore, Philippines, Thailand, Myanmar and Vietnam.
Rolling out its 2016-2020 infrastructure plan, Thailand is set to
benefit from the stability of the current government along with public
and private sector. The country is likely to witness increase in its
infrastructure spending over the medium term.
Myanmar is experiencing lack of skilled labour that performs large
infrastructure work. However, it is opening its market to foreign
investors. The industry is likely to witness robust growth over the
forecast period.
Vietnam plans to increase urbanization from its current 27% to a 45.2%
by 2020 with increased spending on infrastructure projects through
foreign and private investment. The country is taking help from
public-private partnerships to maintain its manufacturing hub status in
the region.
Indonesia is likely to spend heavily in infrastructure till 2025. The
spend matches the government spend of nearly 7% per year, and many
infrastructure-related firms in the country are said to have received
capital from the government. This trend comes with the Indonesian
jurisdiction protecting local suppliers, especially because it comes
under earthquake affected zone, and where local survival is important.
Malaysia’s construction industry has been impacted due to corruption
charges. However, long term growth story remains intact.
In Philippines, government initiatives offer potential opportunity for
contractors in booming markets. The country has witnessed strong growth
in recent years.
Japan’s construction industry is witnessing a slow growth in the
forecast period owing to the slow investment growth in infrastructure,
institutional, and housing projects.
China’s geographical proximity with ASEAN nations is also helping China
strongly expand its overseas infrastructure financing with the
establishment of the Asian Infrastructure Investment Bank, which is
likely to support ASEAN projects.
This step has come in after the momentum of China-ASEAN cooperation that
includes ASEAN Master Plan for Connectivity (AMPC) and China’s One Belt,
One Road (OBOR) initiative.
Australia also is significantly increasing its infrastructure spending
and witnessing strong growth in residential and commercial developments.
The continent also is offering potential opportunity for contractors in
booming markets, while protecting its local suppliers.
According to the researchers, the Asian construction industry is
expected to record a CAGR of 8.9% to reach US$ 4,622.3 billion by 2023.
The residential construction industry in value terms increased at a CAGR
of 8.3% during 2014-2018. The commercial building construction market in
value terms is expected to record a CAGR of 12% over the forecast
period. The infrastructure construction was estimated to be US$ 1,030.7
billion in 2018, posting a CAGR of 5.3% during review period.
This report provides data and trend analyses on asian construction
industry, with over 100 KPIs. This is a data-centric report and it
provides trend analyses with over 2,000+ charts and 1,750+ tables. It
details market size & forecast, emerging trends, market opportunities,
and investment risks in over 40 segments in residential, commercial,
industrial, institutional, and infrastructure construction sectors.
It provides a comprehensive understanding of construction industry
sectors in both value and volume (both by activity and units) terms. The
report focuses on combining industry dynamics with macro-economic
scenario and changing consumer behavior to offer a 360-degree view of
the opportunities and risks.
In addition to country level analysis, this report offers a detailed
market opportunity assessment across top 150 cities, helping clients
assess key regions to target within the city.
Report Scope
Market Data and Insights: This report provides market size and
forecast across 40+ construction segments for a period of 10 years from
2014-2023 in Asia. KPIs covered include the following:
- Market size by value
- Market size by volume of construction
- Number of units
Residential Building Construction Coverage: 10-year market size
& forecast in value and volume (area and units) terms by
- Housing type (multi family, single family)
- Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
- Top 10 cities in Country
- Price point / income level (luxury, mid-tier, affordable)
- Construction stage (new construction, re-development, maintenance)
Commercial Building Construction Coverage: 10-year market size &
forecast in value and volume (area and units) terms by
- Office building (further broken down by Grade A, Grade B, and Grade C)
- Retail building
- Hospitality and luxury building
- Restaurant
- Entertainment
- Sports facility
- Construction stage (new construction, re-development, maintenance)
- Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
- Top 10 cities in Country
Industrial Building Construction Coverage: 10-year market size &
forecast in value and volume (area and units) terms by
- Manufacturing plants
- Chemical & pharmaceutical
- Metal & material processing
- Construction stage (new construction, re-development, maintenance)
- Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
- Top 10 cities in Country
Institutional Building Construction Coverage: 10-year market
size & forecast in value and volume (area and units) terms by
- Healthcare construction
- Educational construction
- Public sector
- construction stage (new construction, re-development, maintenance)
- Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
- Top 10 cities in Country
Infrastructure Construction Sectors: 10- year market size &
forecast in value terms by
- Marine and inland water infrastructure
-
Utility system construction (oil and gas infrastructure, communication
infrastructure, power infrastructure, water and sewer infrastructure) -
Transportation infrastructure (highway, street and bridge
construction, railway construction, airport construction, and tunnel
construction) - Construction stage (new construction, re-development, maintenance)
Cities Covered
- India
- China
- Malaysia
- Indonesia
- Philippines
- Vietnam
- Thailand
- South Korea
- Japan
- Singapore
- Myanmar
- Bangladesh
- Sri Lanka
- Australia
- Taiwan
Reason to Buy
In-depth Understanding of Construction Market Dynamics:
Understand market opportunity, industry dynamics, key trends and drivers
across 40+ market segments and sub-segments of Asia building and
infrastructure construction industry.
Volume and Value Data: Get detailed understanding of
the market both from value and volume (both by activity and units)
perspective for historical as well as forecast period
Develop Market Specific Strategies: Identify growth
segments and target specific opportunities to formulate your strategy;
assess market specific key trends, drivers and risks in construction
industry.
City Level Insights: Get city level trend analyses to
identify unique opportunities across top 150 cities and also by tier-1,
tier-2, and tier-3 cities.
Key Topics Covered
Country Report 1 – China Construction Industry Dynamics and Growth
Prospects
Country Report 2 – India Construction Industry Dynamics and Growth
Prospects
Country Report 3 – Indonesia Construction Industry Dynamics and Growth
Prospects
Country Report 4 – Singapore Construction Industry Dynamics and Growth
Prospects
Country Report 5 – Japan Construction Industry Dynamics and Growth
Prospects
Country Report 6 – South Korea Construction Industry Dynamics and Growth
Prospects
Country Report 7 – Vietnam Construction Industry Dynamics and Growth
Prospects
Country Report 8 – Philippines Construction Industry Dynamics and Growth
Prospects
Country Report 9 – Thailand Construction Industry Dynamics and Growth
Prospects
Country Report 10 – Malaysia Construction Industry Dynamics and Growth
Prospects
Country Report 11 – Myanmar Construction Industry Dynamics and Growth
Prospects
Country Report 12 – Taiwan Construction Industry Dynamics and Growth
Prospects
Country Report 13 – Bangladesh Construction Industry Dynamics and Growth
Prospects
Country Report 14 – Sri Lanka Construction Industry Dynamics and Growth
Prospects
Country Report 15 – Australia Construction Industry Dynamics and Growth
Prospects
For more information about this report visit https://www.researchandmarkets.com/r/f8ppow
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Related
Topics: Commercial
Building Construction, Residential
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