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.
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Attribute
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Details
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Base Year
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FY2021
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Historic Data
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FY2017 – FY2020
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Estimated Year
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FY2022
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Forecast Period
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FY2023 – FY2027
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Quantitative Units
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Revenue in USD Million, and CAGR for FY2017-FY2021 and FY2022-FY2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
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Power Output
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Application
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End User Industry
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Region scope
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Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and Others
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Key companies profiled
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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
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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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).
Japan Construction
Equipment Market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]