Japan Construction Equipment Market By Type (Loader, Cranes, Forklift, Excavator, Dozers, Others), By Power Output (<100 Hp, 101-200 Hp, 201-400 Hp, >400 Hp), By Application (Material Handling, Excavation & Demolition, Recycling & Waste Management, Tunneling, Others), By End User Industry (Oil & Gas, Construction, Infrastructure, Manufacturing, Others), By Region, Competition Forecast & Opportunities, FY2027

The Japan Construction Equipment market is expected to grow at rate of steady CAGR for the forecast period, FY2023-FY2027. An increase in government spending on the rapid infrastructural developments in prominent sectors, including telecommunication, transport, and renewable energy, along with advanced technologies in Construction Equipment, are contributing to high market demand.

Favorable Government Policies Supports the Market Growth

Allocation of funds for the restoration activities focusing on damaged infrastructure facilities and efforts to flourish the tourism industry to boost the country’s economy is expected to create enormous growth potential for the Japan Construction Equipment market. Expansion of the railway network and the ongoing construction of Chuo Shinkansen Maglev Rail Line, along with the development of Hokuriku Shinkansen from Kanazawa to Tsuruga line and plans to make these railway lines operational as soon as possible is expected to fuel the market demand. Attempts to develop the country’s road and airport infrastructure to improve connectivity and domestic and international trade activity are expected to accelerate the growth of the Japan Construction Equipment market in the coming five years. Ministry of Land, Infrastructure, Transport, and Tourism has increased the budget of the tourism industry and supported the commercial construction activities in the country, which requires the use of Construction Equipment for smooth functioning of construction activities. Efforts made by the government to accelerate the infrastructural development in the country and the development of Construction Equipment are expected to propel the Japan Construction Equipment market growth.

Adoption Of Advanced Technologies to Boost Construction Activities Supports Market Growth

The construction industry's growing adoption of advanced technologies, such as artificial intelligence and computer vision, is expected to lower the human resource requirements at construction sites. Also, using Building Information Modelling, Civil Information Modelling software, and the Internet of Things to get real-time analysis and information helps prevent safety hazards and lower the worker's life at construction sites. By combining artificial intelligence technology and cameras, managers at the construction sites can reduce the occurrence of accidents by setting up alarms when the workers enter the danger or the high-risk zones. It helps in identifying whether the workers wear personal protection safety equipment that comprises helmets, gloves, high visibility jackets, and masks. The availability of advanced safety measures at the construction sites is enabling the construction workers to work without fear which is expected to impact the construction industry in a positive way. The growing construction industry is fueling the need for Construction Equipment, thereby is expected to fuel the Japan Construction Equipment market growth.

Rapid Urbanization and Upgradation of Urban Infrastructure Drives Market Growth

The ongoing urban development activities and the migration of consumers from rural to urban areas are expected to foster the demand for Construction Equipment throughout the country. High demand for quality healthcare, education, medical and research facilities, and developing shopping and logistics infrastructure is fueling the growth of the construction industry, which in turn is expected to accelerate the Japan Construction Equipment market.

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Market Segmentation

The Japan Construction Equipment market is segmented on the basis of type, power output, application, end user industry, regional distribution, and competition landscape. Based on the type, the market is divided into loader, cranes, forklift, excavator, dozers, others. Based on the power output, the market is divided into <100 Hp, 101-200 Hp, 201-400 Hp, >400 Hp. Based on the application, the market is divided into material handling, excavation & demolition, recycling & waste management, tunneling, others. Based on end user industry, the market is divided into oil & gas, construction, infrastructure, manufacturing, others. The market is also studied on the basis of regional distribution and the regions are majorly divided into Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and Others.

Market Players

Komatsu Limited, Hitachi Construction Machinery, Toyota Industries, Kubota Corporation, Caterpillar Japan Ltd., Yanmar Construction Equipment Co., Ltd, Kobelco Construction Machinery, Sakai Heavy Industries Ltd., Shinsei Machinery Co., Ltd., Kawa Machine Industry Co, Ltd, are among the major market players in the Japan region that led the market growth of the Japan Construction Equipment market.

Report Scope:

In this report, Japan Construction Equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Japan Construction Equipment Market, By Type:
• Loader
• Cranes
• Forklift
• Excavator
• Dozers
• Others
• Japan Construction Equipment Market, By Power Output:
• <100 Hp
• 101-200 Hp
• 201-400 Hp
• >400 Hp
• Japan Construction Equipment Market, By Application:
• Material Handling
• Excavation & Demolition
• Recycling & Waste Management
• Tunneling
• Others
• Japan Construction Equipment Market, By End User Industry:
• Oil & Gas
• Construction
• Infrastructure
• Manufacturing
• Others
• Japan Construction Equipment Market, By Region:

o   Hokkaido & Tohoku

o   Chubu

o   Chugoku

o   Kyushu

o   Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Japan Construction Equipment market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).