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Reconstruction efforts to fuel Japanese construction industry growth
August 29, 2011
By wmi
The Japanese construction industry, which is in a weak state owing to poor market conditions and the global economic crisis, is expected to stage a mild recovery over the next few years fuelled by reconstruction efforts.
The country, which was struck by a devastating earthquake and tsunami in April 2011, will have to rebuild a major chunk of its infrastructure that was damaged by the fury of nature. As part of the reconstruction effort, the government announced a JPY4283.7 billion ($55.9 billion) aid package in April 2011. Over the forecast period (2011-2015), the construction industry is projected to achieve a CAGR of 4.92% and value JPY36.1 trillion ($471 billion).
As a result of the disaster, the infrastructure market was the most affected in the construction industry with the widespread destruction of roads, railways, ports, power and telecom lines having a considerable impacting on activity. Owing to this, the infrastructure market is expected to account for a significant proportion of all reconstruction efforts and is expected achieve a CAGR of 5.37% over the forecast period.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report The Future of Construction in Japan to 2015: Reconstruction Efforts to Ignite Growth published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by wmi on August 29, 2011 12:25 PM
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