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DUBLIN--(BUSINESS WIRE)--The "Construction in Japan - Key Trends and Opportunities to 2025 (H1 2021)" report has been added to ResearchAndMarkets.com's offering. Japan's construction industry was adversely affected by the coronavirus (COVID-19) pandemic, as well as the consequent introduction of state of emergency measures. Even though no strict nationwide lockdown was enforced in response to the crisis, the construction industry has been impacted by social distancing regulations and the temporary halt in construction works, resulting in a decline of 4% in 2020. According to the Economic and Social Research Institute (Cabinet Office, Government of Japan), private investment on building construction declined by 11.1% year on year (YoY) in Q3 2020, following a decline of 7% in the previous quarter. In addition, the total value of contracts received for construction declined by 7% YoY in 2020. The report expects the construction industry to stabilize and register growth of 1.7% in 2021, before growing at an annual average growth rate of 0.9% during 2022-2025, supported by investment in the transport, renewable energy, telecommunication, and manufacturing sectors. The government plans to develop 10GW of offshore wind capacity by Fiscal Year (FY) 2030/2031, in line with its target to increase the share of renewable energy in its total power mix to 22-24% by 2030. Investments in manufacturing plants will be supported by the government's focus on strengthening its supply chains and reducing dependence on China. To achieve this, in April 2020 the government allocated JPY220 billion (US$2 billion) in subsidies to attract manufacturing companies exiting China. This report provides detailed market analysis, information, and insights into Japan's construction industry, including: Scope Key Topics Covered: 1 Executive Summary 2 Construction Industry: At-a-Glance 3 Context 3.1 Economic Performance 3.2 Political Environment and Policy 3.3 Demographics 3.4 COVID-19 Status 4 Construction Outlook 4.1 All Construction 4.2 Commercial Construction 4.3 Industrial Construction 4.4 Infrastructure Construction 4.5 Energy and Utilities Construction 4.6 Institutional Construction 4.7 Residential Construction 5 Key Industry Participants 5.1 Contractors 5.2 Consultants 6 Construction Market Data 7 Appendix For more information about this report visit https://www.researchandmarkets.com/r/pvpnp

Answer: Japan Construction Market Trends and Opportunities Report 2021-2025 - ResearchAndMarkets.com