The construction employment in Japan for 2024 is forecasted at 4.7 million units. Over the subsequent years, this figure is predicted to steadily decline: 4.64 million in 2025, 4.59 million in 2026, 4.54 million in 2027, and 4.49 million in 2028.
When examining year-on-year percentage changes, we observe a consistent decline in employment. From 2024 to 2025 there is a drop of approximately 1.28%, from 2025 to 2026 by around 1.08%, from 2026 to 2027 by about 1.09%, and from 2027 to 2028 by around 1.10%.
Focusing on the cumulative analysis over the five-year period, we observe a CAGR of approximately -1.10%.
Future trends to watch for are:
- Technological advancements potentially reducing labor requirements
- Demographic shifts including aging workforce
- Government infrastructure policies influencing the construction industry
- Economic factors affecting project initiation and completion
