Asia-Pacific (APAC) Government Spending Market Summary, Competitive Analysis and Forecast to 2028
Summary
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 $6,995.2 billion 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 $1,291.2 billion, 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%.
- 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
- 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?
- 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 MarketLine research
- 10.4. About MarketLine
- 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
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