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Asia-Pacific (APAC) Government Spending Market Summary, Competitive Analysis and Forecast to 2028

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    Report

  • 50 Pages
  • March 2024
  • Region: Asia Pacific
  • MarketLine
  • ID: 5907596
Description Jump to:
Government Spending in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Government spending refers to the money spent by the government of a country to provide goods and services to its citizens. It helps to drive economic growth, create employment opportunities, and improve the standard of living for its citizens.
  • The Asia-Pacific government spending market recorded revenues of $6.99 trillion in 2023, representing a compound annual growth rate (CAGR) of 3.4% between 2018 and 2023.
  • The social protection segment accounted for the market's largest proportion in 2023, with total revenues of $1.29 trillion, equivalent to 18.5% of the market's overall value.
  • China accounted for a 55.4% share of the total Asia-Pacific market in 2023 followed by Japan with 11.7% and India with 7.8%.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the government spending market in Asia-Pacific
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Asia-Pacific
  • Leading company profiles reveal details of key government spending market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific government spending market with five year forecasts

Reasons to Buy

  • What was the size of the Asia-Pacific government spending market by value in 2023?
  • What will be the size of the Asia-Pacific government spending market in 2028?
  • What factors are affecting the strength of competition in the Asia-Pacific government spending market?
  • How has the market performed over the last five years?
  • How large is Asia-Pacific’s government spending market in relation to its regional counterparts?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What have been the most recent developments in the market?
8 Company Profiles
8.1. Housing and Urban Development Corporation Ltd
8.2. GS Engineering & Construction Corp
8.3. Aviation Industry Corp of China Ltd
8.4. Larsen & Toubro Limited
8.5. Mitsubishi Heavy Industries, Ltd.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: Asia-Pacific government spending sector value: $ billion, 2018-23
Table 2: Asia-Pacific government spending sector category segmentation: % share, by value, 2018-2023
Table 3: Asia-Pacific government spending sector category segmentation: $ billion, 2018-2023
Table 4: Asia-Pacific government spending sector geography segmentation: $ billion, 2023
Table 5: Asia-Pacific government spending sector value forecast: $ billion, 2023-28
Table 6: Housing and Urban Development Corporation Ltd: key facts
Table 7: Housing and Urban Development Corporation Ltd: Annual Financial Ratios
Table 8: Housing and Urban Development Corporation Ltd: Key Employees
Table 9: GS Engineering & Construction Corp: key facts
Table 10: GS Engineering & Construction Corp: Annual Financial Ratios
Table 11: GS Engineering & Construction Corp: Key Employees
Table 12: Aviation Industry Corp of China Ltd: key facts
Table 13: Aviation Industry Corp of China Ltd: Key Employees
Table 14: Larsen & Toubro Limited: key facts
Table 15: Larsen & Toubro Limited: Annual Financial Ratios
Table 16: Larsen & Toubro Limited: Key Employees
Table 17: Larsen & Toubro Limited: Key Employees Continued
Table 18: Mitsubishi Heavy Industries, Ltd.: key facts
Table 19: Mitsubishi Heavy Industries, Ltd.: Annual Financial Ratios
Table 20: Mitsubishi Heavy Industries, Ltd.: Key Employees
Table 21: Mitsubishi Heavy Industries, Ltd.: Key Employees Continued
Table 22: Mitsubishi Heavy Industries, Ltd.: Key Employees Continued
Table 23: Mitsubishi Heavy Industries, Ltd.: Key Employees Continued
Table 24: Asia-Pacific exchange rate, 2019-23
List of Figures
Figure 1: Asia-Pacific government spending sector value: $ billion, 2018-23
Figure 2: Asia-Pacific government spending sector category segmentation: $ billion, 2018-2023
Figure 3: Asia-Pacific government spending sector geography segmentation: % share, by value, 2023
Figure 4: Asia-Pacific government spending sector value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the government spending sector in Asia-Pacific, 2023
Figure 6: Drivers of buyer power in the government spending sector in Asia-Pacific, 2023
Figure 7: Drivers of supplier power in the government spending sector in Asia-Pacific, 2023
Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in Asia-Pacific, 2023
Figure 9: Factors influencing the threat of substitutes in the government spending sector in Asia-Pacific, 2023
Figure 10: Drivers of degree of rivalry in the government spending sector in Asia-Pacific, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Housing and Urban Development Corporation Ltd
  • GS Engineering & Construction Corp
  • Aviation Industry Corp of China Ltd
  • Larsen & Toubro Limited
  • Mitsubishi Heavy Industries, Ltd.

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