Japan Construction Equipment Market Size to Reach Volume of 186,001 Units by 2027. Manufacturing sectors will Drive Demand in the Market - Arizton

Subheading: The Japan construction machine and equipment industry is extremely mature and comprises a wholesome ecosystem to cater to the demand for both domestic and export markets.

According to Arizton's latest research report on the Japan construction equipment market, size by unit sales (volume) is expected to grow at a CAGR of over 2.88% during 2021-2027.

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Key Highlights Offered in the Report:
• The Japan construction equipment market size by revenue is likely to reach USD 27.3 billion by 2027
• In the last few years, the Japan construction equipment market has been on the recovery path. The Japanese government has also introduced a sustainable recovery plan to deal with the negative impact of the pandemic and planned to invest USD 708 billion in green and digital technology.
• The growth in the construction sector is attributed to the development projects such as redevelopment projects of Toranomon-Azabudai area, Kansai international airport, Shinjuku station, and the new Yamanote Line station will increase the demand for mobile cranes in the Japanese market.
• In 2020, private investments in the construction sector reached 95.3% from 94.3% in 2015. This increase in construction activities with added investments positively impacts the construction equipment market, thereby further driving the market growth.
• The Japan construction equipment market is expected to be driven by increasing Usage of Construction Equipment in Disaster Prevention Projects and High Expectations for Remote Control of ICT Construction Machinery.
• The construction equipment market is highly competitive, characterized by several OEMs, including Caterpillar, Komatsu, Hitachi Construction Machinery, Volvo Construction Equipment, SANY Group, Kobelco Construction Machinery, Kubota Corporation, Sumitomo Corporation, Liebherr, and others.
Key Offerings:
• Market Size & Forecast by Revenue | 2021-2027
• Market Dynamics - Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation - A detailed analysis by type and application
• Competitive Landscape - 9 key vendors and 4 other vendors

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Japan Construction Equipment Market - Segmentation
• Earthmoving equipment captured the major pie of the overall Japan construction equipment market share due to their extensive usage at construction sites for excavations and heavy lifting. The Japan earthmoving equipment market is projected to witness a robust growth till 2027 owing to the increase in the transportation sector and the repairment of deteriorating infrastructure in Japan, especially 2 meters long bridges.
• The government's increasing investment in civil engineering activities in the coming years will boost the construction sector. Local government investment spending, private investments, and ongoing infrastructure projects boosting activities (Redevelopment of Shibuya, Redevelopment of Taranomon, New Shinagawa Station, etc.).
• Japan is one of the largest manufacturing centers in Asia. About 37% of the total foreign investment in Japan came from the manufacturing sector in 2020. In 2019, the manufacturing industry in Japan contributed approximately USD 1 trillion. The industry offers tremendous growth opportunities in Japan. Thus, such growth prospects in the manufacturing sector will expand the construction equipment in Japan.

Japan Construction Equipment Market by Moving Equipment
• Earth Moving Equipment
o Excavator
o Backhoe Loader
o Motor Grader
o Other Earth Moving Equipment
• Road Construction Equipment
o Asphalt Paver
o Road Roller
• Material Handling Equipment
o Crane
o Forklift and Telescopic Handler
o Arial Platforms (articulated boom lifts, telescopic boom lifts, scissor lifts, etc)
Japan Construction Equipment Market by Application
• Construction
• Manufacturing
• Mining
• Others

Japan Construction Equipment Market - Dynamics
Increasing usage of construction equipment in disaster prevention projects. With natural catastrophes such as earthquakes becoming frequent in Japan, high emphasis has been placed on disaster prevention developments. The Japanese government plans to develop several disaster management initiatives in Tokyo Vision 2020. Companies and governments are working hard to minimize damages and promptly restore operations following an emergency. After severe disasters, hydraulic excavators and other construction machines have become critical tools in the recovery and restoration. For example, mini excavators are crucial for field inquiry as they can easily access remote sites.

Key Drivers and Trends Fueling Market Growth:
• Steady and Continuous Growth in Construction Sector Investments
• Replacement of Old Equipment with Tier-4 Emission Norms Compliant Equipment
• High Expectations for Remote Control of ICT Construction Machinery
• Attractive Offers and Feasible Finance Schemes from OEMs

Target Audience
• Top-level management personnel of existing operators/vendors
• Potential new entrants to the market
• Consultants/consultancies/advisory firms
• Professional landscaping service providers/contractors
• Corporate and governments bodies

Why Should You Buy This Report?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
• Volume (Unit sales)
• Type
• Application
• Value (USD)
• Type
• Application
• Gain competitive intelligence about the economic scenario, advantages in Japan, major projects and investments, dynamics, and market share.
• Examples of the latest technologies.
• Get presentation-ready format and easy-to-interpret data.
• Enable decision-makers to make informed and profitable choices
• Gain expert quantitative and qualitative analysis on value/volume growth projections of the Japan construction equipment market share
• Complete supply chain analysis
• Get COVID-19 impact analysis of the market

Major Vendors
• Caterpillar
• Komatsu
• Hitachi Construction Machinery
• Kobelco Construction Machinery
• Volvo Construction Equipment
• Kubota Corporation
• Sumitomo Heavy Industries
• Liebherr
• SANY Group

Other Prominent Vendors
• Takeuchi Manufacturing
• Tadano
• Yanmar Holdings Co.
• Zoomlion Heavy Industry

Explore our industrial machinery profile to know more about the industry.

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About Arizton:
Arizton Advisory and Intelligence is an innovation and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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This release was published on openPR.