Non-Residential Building Materials and Equipment Market in Japan: Key Research Findings 2020
FY2020 Non-Residential Building Materials and Equipment Market Projected to Decline by 9.1% YoY to Attain 1,890 Billion Yen
Yano Research Institute (the President, Takashi Mizukoshi) has carried out a survey on the domestic market of non-residential building materials and equipment, and found out the current condition, the trends at market players, and the future perspective.
Summary of Research Findings
The domestic market of non-residential building materials and equipment is estimated to generate 2,080 billion yen for FY2019, down 1.0% from the previous fiscal year.
Viewing by application, building materials and equipment for offices yielded 396.7 billion yen (up 14.6% YoY), for stores 131.4 billion yen (down 21.9% YoY), for factories and workplaces 293.4 billion yen (down 23.9% YoY), for warehouses 245.9 billion yen (up 20.9% YoY), for school buildings 127.0 billion yen (down 5.5% YoY), for hospitals/clinics 128.7 billion yen (up 33.8%YoY), for accommodations 170.5 billion yen (down 4.2% YoY), for restaurants 34.4 billion yen (up 5.4% YoY), for long term care facilities 150.3 billion yen (down 2.8% YoY), and for other purposes 401.7 billion yen (up 0.2% YoY).
Considering the downturn in business environment against the backdrop of COVID-19 calamity, the market for FY2020 is expected to decrease by 9.1% from the previous fiscal year to attain 1,890 billion yen.
Impact of COVID-19 on the Market of Non-Residential Building Materials and Equipment
Viewing the trend of new construction starts, which has large influence on demand for the market of non-residential building materials and equipment, warehouses are relatively in good shape at the moment. In addition to the conventional demand led by expansion of e-commerce, rise in so-called ‘stay-home consumption’ has attributed to the growth of e-commerce market. For this trend, the number of construction starts of warehouse, which underpins distribution, is expected to show stable growth hereafter.
Meanwhile, as for offices (office buildings), drop in demand is anticipated against the background of pervasion of telework as a preventive measure against COVID-19 infections. Moreover, demand is expected to diminish for building materials and equipment for restaurants due to worries for outspread of infection in downtown, voluntary restaurant closures, and pervasion of telework among office workers. Demand for building materials and equipment for accommodations is also likely to decrease because people refrain from travels or business trips, and demand by inbound (foreign tourists from overseas) vanished.
2.Research Object： Makers of non-residential building materials and equipment
3.Research Methogology： Face-to-face interviews by the specialized researchers, survey by questionnaire, and literature research
What is the Non-Residential Building Materials and Equipment Market?
Non-residential building materials and equipment market in this research indicates the market of 21 non-residential building materials and 10 non-residential equipment listed below, and the market size is calculated based on the shipment value at manufacturers. Materials for structure such as cements and steel frame and auxiliary materials except for coating are not included in the market of non-residential building materials.
21 Markets of Non-Residential Building Materials
(1) Wooden flooring, (2) Polyvinyl chloride flooring material, (3) Carpet tiles, (4) Free access floors, (5) Wall papers, (6) Partitions, (7) Ceiling materials (Gypsum), (8) Ceiling Materials (Rockwool), (9) Glass wool, (10) Extruded Polystyrene Foam, (11) Rigid polyurethane foam, (12) Double-layered glass (13) Steel doors, (14) Building sash, (15) Metal curtain walls, (16)PC curtain walls, (17) Automatic doors, (18) Shutters, (19) ALC, (20) Cement sidings (Exterior wall boards), (21) Exterior coating materials
10 Markets of Non-Residential Equipment:
(1) Toilet bowls and toilet seats, (2)Washstands, (3) Washing units, (4) Kitchen, (5) Bathroom unit, (6) Gas water heater, (7) Electric water heater, (8) Air conditioning system, (9) Air conditioner, (10) LED lighting
＜Products and Services in the Market＞
21 non-residential building materials and 10 non-residential equipment
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