No.3319
Building Materials Market for Housing in Japan: Key Research Findings 2023
On Account of Steady Growth of Home Renovation Market and Rising Housing Price, Size of Building Materials Market for Housing for FY2022 Remain Unchanged from Previous Fiscal Year Despite Decline in New Housing Starts
Yano Research Institute (the President, Takashi Mizukoshi) carried out a survey on the domestic building materials market for housing, and found out the current status by category and future perspectives.
Summary of Research Findings
Underpinned by the expansion of home renovation market and rising material prices, the domestic market of building materials for housing in FY2022 sustained the market size from the previous fiscal year, despite the slowdown in new housing starts. However, there is a concern for the market shrinkage hereafter, as the market is likely to be affected unfavorably by the rise in labor costs and building material prices (by reason of labor shortages, pay hikes, and soaring raw fuel cost), as well as by the soaring housing prices as a result of these factors.
Noteworthy Topics
Trends in the Building Materials Market for Housing
Despite the anticipation of a decrease in new housing starts associated with the declining population/households, by value, the home building materials market for FY2030 may sustain its size to a certain level because of the rise in unit price of building materials against the backdrop of the launch of value-added products and inflation.
In a meantime, building material manufacturers are embarking on enhancing their raison d'etre by taking responsible actions for its employees (health/nursing care, women's empowerment, support for parenting), stakeholders (enhancing product's earthquake resistance and water resistance as measures against repeated natural disasters), and communities (decarbonization).
Research Outline
2.Research Object： Major domestic manufacturers of building materials for housing
3.Research Methogology： Face-to-face interviews by our expert researchers (including online interviews), questionnaire, and literature research
What is the Building Materials Market for Housing?
Building materials for housing in this research refers to the following main six categories, i.e. 1) Wooden building materials, 2) ceramics building materials, 3) metallic building materials, 4) plastic building materials, 5) heat insulators, and 6) interior. The materials in this research refer to only those for residential buildings (for new houses and home renovation) and do not include non-residential construction materials.
＜Products and Services in the Market＞
1) Wooden building materials, 2) ceramics building materials, 3) metallic building materials, 4) plastic building materials, 5) heat insulators, 6) interior
Published Report
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