Report Description

Despite the economic challenges, the Asia Pacific construction industry recorded significant growth in 2021. Demand for residential construction remained strong in big economies. On the other hand, infrastructure construction experienced more significant investments, and regional construction companies expanded in other markets. According to ConsTrack360’s Q4 2021 Global Construction Market Survey, demand for commercial properties remains stable as key e-commerce companies create demand for larger commercial spaces.

Chinese authorities are loosening restrictions on home approvals and lending to avoid industry collapse

With the construction industry is facing many operational challenges, authorities have started to loosen restrictions on home approvals and lending to avoid a complete collapse. According to ConsTrack360’s Q4 2021 Global Construction Market Survey, in China, bank credit is being offered to property firms much higher than in any period during Q2 2021 and Q3 2021. Notably, mortgage lending in China increased by more than US$30 billion (200 billion yuan) in October 2021 from around US$23 billion (150 billion yuan) in September 2021.

Approvals for home sales and property loans are gaining momentum in Chengdu, the capital of the southwestern province of Sichuan. Moreover, restrictions on using proceeds from pre-sales have also been eased in the region. The Chinese Government is looking to ensure that there is enough liquidity to maintain construction in the property sector. Consequently, ConsTrack360 expects loosening restrictions to support the market growth in the next six to eight quarters.

Spending on infrastructure projects is expected to support industry growth in India

Increased focus on developing the infrastructure is offering support for the growth of the construction sector in the country. In October 2021, the government announced a master plan for multi-modal connectivity to develop the infrastructure to lower logistic costs and improve the economy. Notably, the government allocated US$8.28 billion for road works and US$7.88 billion for the development of National Highways in the Union Budget 2021.

By March 2022, the government plans to construct 8,500 kilometers of roads and an additional 11,000 kilometers of National Highway corridors in the country. ConsTrack360 expects these construction activities to support the growth of the industry in 2022. For further developing the infrastructure in the country, the Indian Government and the Dubai Government inked an agreement for the construction of industrial parks; IT towers, logistics centers, medical college, multipurpose towers, and a specialized hospital in Jammu & Kashmir.

Additionally, the Union Ministry of Road Transport and Highways has also planned infrastructure projects worth INR 700,000 Crore (US$91 billion) over the next two to three years. ConsTrack360 expects this increased spending by the government on national infrastructure development to keep supporting the growth of the construction industry from the short to medium-term perspective.

Government intervention is expected to help local construction firms in Singapore

In October 2021, Singapore announced certain measures to help support the construction firms in the country. For instance, both the Ministry of National Development and Building and Construction Authority has separately taken measures for helping out the construction firms in mitigating the impact of the global pandemic.

The Ministry of National Development (MND) announced the extension of relied periods under the Covid-19 Act. Notably, the Covid-19 Act offers temporary relief to construction firms and other businesses as well as individuals who have been affected by the global pandemic outbreak. The Building and Construction Authority (BCA), on the other hand, announced making changes to the public sector construction tenders.

Moreover, the amendments made by the BCA will allow construction firms to apply for an extension of time because of the global pandemic and to include provisional amounts for the expected global pandemic-related costs, which were unknown at the time of the tender. Additionally, the amendment also sets out the principle of co-sharing losses and costs arising from the global pandemic or from the measures introduced by the Singaporean Government.

Innovation in the construction sector is expected to meet the growing demand for affordable infrastructure in Indonesia

In Indonesia, the Public Works and Public Housing Ministry (PUPR) is looking at the use of concrete 3D printing to meet the growing demand for affordable infrastructure. Moreover, the PUPR, along with the construction firm PT.PP Tbk and Autoconz have used the technology to erect structures layer-by-layer from the mortar.

According to the PUPR, adopting the 3D printing technology in the construction sector is expected to help the nation build homes more quickly and sustainably. Apart from using innovative technology for building homes, the ministry is also planning to use 3D printing technology to construct schools in the country. The wider implementation of the technology for building residential and commercial projects in Indonesia will also provide the Indonesian Government some respite, which is currently facing funding problems on the back of the global pandemic.

Moreover, ConsTrack360 expects the use of innovative technology to boost the infrastructure development in the country, which will subsequently assist the growth of the overall industry from the short to medium-term perspective.

This report from ConsTrack360 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 1,500+ charts and 1,200+ 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.

This title from ConsTrack360 is a bundled offering, comprising 13 country reports:

Country Report 1 - Australia Construction Industry Databook Series
Country Report 2 - Bangladesh Construction Industry Databook Series
Country Report 3 - China Construction Industry Databook Series
Country Report 4 - India Construction Industry Databook Series
Country Report 5 - Indonesia Construction Industry Databook Series
Country Report 6 - Malaysia Construction Industry Databook Series
Country Report 7 - Philippines Construction Industry Databook Series
Country Report 8 - Singapore Construction Industry Databook Series
Country Report 9 - South Korea Construction Industry Databook Series
Country Report 10 - Sri Lanka Construction Industry Databook Series
Country Report 11 - Taiwan Construction Industry Databook Series
Country Report 12 - Thailand Construction Industry Databook Series
Country Report 13 - Vietnam Construction Industry Databook Series


Scope

Each country report covers the following:

  • Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025. 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)
  • Price point / income level (luxury, mid-tier, affordable)
  • Construction stage (new construction, re-development & maintenance)
  • Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Green building by Housing type (multi family, single family)
  • Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
  • Green building by Price point / income level (luxury, mid-tier, affordable)
  • Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Office (further broken down by Grade A, Grade B, and Grade C)
  • Retail (further broken down by Grade A, Grade B, and Grade C)
  • Hospitality (further broken down by Grade A, Grade B, and Grade C)
  • Restaurant (further broken down by Grade A, Grade B, and Grade C)
  • Entertainment
  • Sports facility
  • Construction stage (new construction, re-development & maintenance)
  • Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Office green building construction
  • Retail green building construction
  • Hospitality green building construction
  • Restaurant green building construction
  • Entertainment green building construction
  • Sports facility green building construction
  • Other commercial green building construction
  • Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
  • 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)
  • Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Healthcare green building construction
  • Educational green building construction
  • 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)
  • Green Infrastructure Construction: 10- year market size & forecast in value terms




Reasons 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 by tier-1, tier-2, and tier-3 cities.