JAPAN CONSTRUCTION EQUIPMENT MARKET SIZE WILL BE VALUED AT USD 27.31 BILLION AND TO REACH A VOLUME OF 1,86,001 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 2.88% BY VOLUME DURING 2021-2027

Japan Construction Equipment Market Research Report includes segments By Type (Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), Material Handling Equipment (Crane, Forklift & Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)), By Application (Construction, Manufacturing, Mining, and Others)

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Most Exhaustive Report

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99 Pages

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9 Tables

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77 Charts

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1 Regions

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1 Countries

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13 Companies

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2 Market Segment

JAPAN CONSTRUCTION EQUIPMENT MARKET SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 27.31 Billion (2027)
MARKET SIZE (UNIT SHIPMENT) 1,86,001 units (2027)
CAGR (VOLUME) 2.88% (2021-2027)
HISTORIC YEAR 2018-2019
BASE YEAR 2020
FORECAST YEAR 2021-2027
TYPE Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc))
APPLICATION Construction, Manufacturing, Mining, and Others
KEY VENDORS Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco Construction Machinery, Volvo Construction Equipment, Kubota Corporation, Sumitomo Heavy Industries, Liebherr, and SANY Group

JAPAN CONSTRUCTION EQUIPMENT MARKET INSIGHTS

Japan construction equipment market will be valued at USD 27.31 billion to reach a volume of 1,86,001 units by 2027, growing at a CAGR of 2.88% during the forecast period 2021-2027. The demand for earth moving equipment and cranes will drive the market growth

  • By FY 2020, Hitachi Construction Machinery Japan has signed 54 disaster agreements with local governments in Japan. It provides construction equipment to disaster-prone areas.
  • The major factor that triggered the inflow of investments in the construction equipment industry in Japan was Olympics that was to be hosted by Tokyo in 2020.
  • There are high expectations from remote control of ICT construction machinery as the country's population is decreasing due to the low birth rate. To solve this, the Ministry of Land, Infrastructure, Transport, and Tourism supports the "i-Construction" initiative. This aims to boost productivity and make construction sites appealing by using contemporary technology such as IoT and AI.
  • In major projects, there is a replacement of old equipment with TIER-4 emission norms compliant equipment. This is because global warming and excess greenhouse gases are deteriorating the environment. The new engines with compliance with the emission norms are more fuel-efficient. This adds specific cost savings for the operators and helps reduce emissions.

Japan Construction Equipment market by volume

Japan Construction Equipment Market by Volume 2018-2027

JAPAN CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

  • Urban engineering projects and building renovations require compact and multi-functional construction equipment that is suitable for small-scale construction projects. Thus, the increasing urban engineering projects will be fueling the demand for backhoe loaders in Japan
  • Large construction projects such as the redevelopment of Shibuya and Toranomon–Azabudai district leads to the increasing demand for bulldozers in Japan.
  • The Japanese government is involved in the field investigation of 15,000 sites for landslide disaster prevention. This will drive the demand for rough terrain cranes as they can operate on uneven surfaces.
  • Japan is the third-largest producer of steel and the second-largest producer of iodine in the world. The demand for these metals is expected to rise due to their use in the construction and manufacturing industries.

KEY HIGHLIGHTS IN THE REPORT

  • The increase in government investments in various infrastructure development projects such as the redevelopment of Shibuya, Taranomon, new Shinagawa station will increase the demand for mobile Cranes and hoists market in Japan.
  • Factors such as technological advancements in telescopic handlers, technological advances in infrastructure development are leading to the increasing usage of forklift and telescopic handlers in the Japanese construction equipment market
  • In 2019, the manufacturing industry in Japan contributed approximately USD 1 trillion. There are tremendous growth opportunities in the manufacturing sector of Japan. This will contribute to heavy construction equipment market growth.
  • There is increasing popularity of energy efficiency and growing demand for green projects in Japan. The tender of four offshore wind power projects has been progressing, and other potential areas are on the way to tender This will drive demand in the construction machinery market in Japan.

VENDOR LANDSCAPE

  • In 2021, Kobelco introduced ICT-enabled construction machinery with a navigation system to cater to the need of high construction and mining projects in the region.
  • Kobelco introduced ICT-enabled construction machinery with a navigation system that incorporates monitor displays and alerts in the driver's cab and a machine control system that lets the operator undertake complex work operations with easy lever manipulation.
  • In July 2021 SANY introduced a new crawler crane SCC9800TM with one of the world's highest lifting capacities of 4500 tons.

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
  • Company Profile of 9 key and 4 other prominent vendors

KEY VENDORS

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

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

Frequently Asked Questions

What is the size of Japan construction equipment market?

Japan construction equipment market size will be valued at USD 27.21 billion and to reach a volume of 1,86,001 units by 2027.

What are the latest technologies in the Japan construction machinery market?

The latest technologies in the Japan construction machinery market are remote control, telematics+ IoT, Electric technology, and 2D-grade Control Technology.

Who are the key players in Japan construction equipment industry?

The key players in Japan construction equipment industry are Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco Construction Machinery, Volvo Construction Equipment, Kubota Corporation, Sumitomo Heavy Industries, Liebherr, and SANY Group.

What are the factors driving the growth of Japan construction equipment market?

Demand for automation and labor-saving technologies, automation, and labor-saving technology, and increasing focus on renewable energy projects are some factors driving Japan construction equipment market.

What are the different types of construction equipment covered in the research report?

The different types of construction equipment covered in the report are Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)).

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The construction industry in Japan accounted for 39.1% of the total market share in 2020. The Japanese construction activities were dominated by the infrastructure development for the manufacturing and healthcare industries. The growth in the construction sector is also attributed to the ‘World Expo 2025’ and projects such as the Redevelopment of Shibuya and ‘Redevelopment Tokyo’.

Base Year: 2020

Forecast Year: 2021-2027

Scope: The report considers the present scenario of the Japan construction equipment market and market dynamics for the forecast period 2021−2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Japan construction equipment 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

Market Segmentation by Moving Equipment

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

Market Segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

Section 1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario, Foreign Direct Investment, Major Projects in Pipeline, Key Economic Regions in Japan, Import/Export Trend Analysis, Increasing global demand for construction equipment further enhancing export prospects, Growth prospects in construction industry, Supply Chain, COVID-19 Impact

Section 3- Technological Advancements
• Advent of new Technology

Section 4 Market Dynamics
• Market Drivers, Restraints, Trends

Section 5 – Japan Construction Equipment (Type & Application)

5.1 Japan Construction Equipment Market by Type (Volume & Value)
 5.1.1. Earth Moving Equipment

  1. Excavator
  2. Backhoe Loader
  3. Motor Grader
  4. Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

    

 5.1.2. Road Construction Equipment

  1. Asphalt Paver
  2. Road Roller

   

5.1.3.  Material Handling Equipment

  1. Crane
  2. Forklift and Telescopic Handler
  3. Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

 

5.2 Japan Construction Equipment Market by Application (Volume & Value)

  1. Construction
  2. Mining
  3. Manufacturing
  4. Others (Power Generation and Utilities, Municipal Corporation etc)

Section 6 – Competitive Landscape

  1. Competitive Landscape Overview
  2. Major Vendors (Caterpillar, Komatsu, Hitachi Construction Machinery, Volvo Construction Equipment, SANY Group, Kobelco Construction Machinery, Kubota Corporation, Sumitomo Heavy Industries, Liebherr)
  3. Other Prominent Vendors (Takeuchi Manufacturing, Yanmar Holdings Co, Tadano and Zoomlion Heavy Industry

Section 7 – Report Summary

  • Key Insights
  • Analyst Outlook
  • Abbreviations

Section 8 – Report Scope & Definition
1.   Research Methodology
2.   Market Definition, Inclusion & Exclusion

Exhibit 1                          Japan Construction Equipment Market by Volume 2018-2027 (Unit Sales)

Exhibit 2                          Japan Construction Equipment Market by Type (% Volume Share) 2020

Exhibit 3                          Japan Construction Equipment Market by Volume 2018-2027 (Unit Sales)

Exhibit 4                          Japan Construction Equipment Market by Value 2018-2027 ($ MN)

Exhibit 5                          Japan Construction Equipment Market by Application 2020 (% share)

Exhibit 6                          Japan Construction Equipment Market by Type 2018-2027 (Unit Sales)

Exhibit 7                          Japan GDP 2016-2020 ($ BN)

Exhibit 8                          Construction & manufacturing   industry contribution to Japan’s GDP 2016-2019 (% share)

Exhibit 9                          Major Investing Countries (%)

Exhibit 10                       FDI Inflow in Japan ($ MN

Exhibit 11                       Import Value of Construction Equipment 2019 ($ ‘000)

Exhibit 12                       Export Value of Construction Equipment 2019 ($ ‘000)

Exhibit 13                       Breakdown of Export of construction equipment units by region (%), FY2018

Exhibit 14                       Construction Investment in Sectors

Exhibit 15                       Import from China to Japan (% share)

Exhibit 16                       Changes in Japan Population from 1950 to 2018

Exhibit 17                       Japan Construction Equipment Market by Type, 2018-2027 (Unit Sales

Exhibit 18                       Japan Construction Equipment Market by Type, 2018-2027 (Unit Sales)

Exhibit 19                       Japan Construction Equipment Market by Application 2018- 2027 (Unit Sales)

Exhibit 20                       Japan Earth Moving Equipment Market   2018–2027 (Unit Sales)

Exhibit 21                       Japan Earth Moving Equipment Market   2018–2027 ($ MN)

Exhibit 22                       Japan Excavator Market   2018–2027 (Unit Sales)

Exhibit 23                       Japan Excavator Market   2018–2027 ($ MN)

Exhibit 24                       Japan Backhoe Loader Market   2018–2027 (Unit Sales)

Exhibit 25                       Japan Backhoe Loader Market   2018–2027 ($ MN)

Exhibit 26                       Japan Motor Grader Market 2018–2027 (Unit Sales)

Exhibit 27                       Japan Motor Grader Market    2018–2027 ($ MN)

Exhibit 28                       Japan Other Earth Moving Equipment Market 2018–2027 (Unit Sales)

Exhibit 29                       Japan Other Earth Moving Equipment Market 2018–2027 ($ MN)

Exhibit 30                       Japan Road Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 31                       Japan Road Construction Equipment Market 2018–2027 ($ MN)

Exhibit 32                       Japan Asphalt Paver Market 2018–2027 (Unit Sales)

Exhibit 33                       Japan Asphalt Paver Market 2018–2027 ($ MN)

Exhibit 34                       Japan Road Roller Market 2018–2027 (Unit Sales)

Exhibit 35                       Japan Road Roller Market 2018–2027 (Unit Sales)

Exhibit 36                       Japan Material Handling Equipment Market 2018–2027 (Unit Sales)

Exhibit 37                       Japan Material Handling Equipment Market 2018–2027 ($ MN)

Exhibit 38                       Japan Crane Market 2018–2027 (Unit Sales)

Exhibit 39                       Japan Crane Market 2018–2027 ($ MN)

Exhibit 40                       Japan Forklift and Telescopic Handler Market 2018–2027 (Unit Sales)

Exhibit 41                       Japan Forklift and Telescopic Handler Market 2018–2027 ($ MN)

Exhibit 42                       Japan Aerial Platform Market 2018–2027 (Unit Sales)

Exhibit 43                       Japan Aerial Platform Market 2018–2027 ($ MN)

Exhibit 44                       Japan Construction Market   2018–2027 (Unit Sales)

Exhibit 45                       Japan Construction Market   2018–2027 ($ MN)

Exhibit 46                       Japan Construction Equipment Market by mining 2018–2027 (Unit Sales)

Exhibit 47                       Japan Construction Equipment Market by mining 2018–2027 ($ MN)

Exhibit 48                       Japan Construction Equipment Market by Manufacturing 2018–2027 (Unit Sales)

Exhibit 49                       Japan Construction Equipment Market by Manufacturing 2018–2027 ($ MN)

Exhibit 50                       Japan Construction Equipment Market by Others 2018–2027 (Unit Sales)

Exhibit 51                       Japan Construction Equipment Market by Others 2018–2027 (Unit Sales)

Exhibit 52                       Caterpillar, Total Revenue ($ BN) 2018-2020

Exhibit 53                       Caterpillar, Sales By Region (%share)

Exhibit 54                       Caterpillar, Total Revenue by Segment 2020 (% share)

Exhibit 55                       Komatsu, Total Revenue ($ BN) 2018-2020

Exhibit 56                       Komatsu, Sales by Region (% share)

Exhibit 57                       Komatsu, Total Revenue by Segment 2020 (% share)

Exhibit 58                       Hitachi Construction Machinery, Total Revenue ($ MN) 2018-2020

Exhibit 59                       Hitachi Construction Machinery, Sales by Region (% share)

Exhibit 60                       Hitachi Construction Machinery, Total Revenue by Segment 2020 (% share)

Exhibit 61                       Kobelco Construction Machinery, Net Sales ($ BN) 2018-2020

Exhibit 62                       Kobelco Construction Machinery ,Sales by Region (% share)

Exhibit 63                       Kobelco Construction Machinery ,Total Revenue by Segment 2020 (% share)

Exhibit 64                       Volvo Construction Equipment, Net Sales ($ BN) 2017-2020

Exhibit 65                       Volvo Construction Equipment, Sales by Region (% share)

Exhibit 66                       Volvo Construction Equipment, Net Sales by Segment 2020 (% share)

Exhibit 67                       Kubota Corporation, Total Revenue ($ BN) 2017-2020

Exhibit 68                       Kubota Corporation, Sales by Region (% share)

Exhibit 69                       Kubota Corporation, Total Revenue by Segment 2020 (% share)

Exhibit 70                       Sumitomo Heavy Industries, Total Revenue ($ BN) 2018-2020

Exhibit 71                       Sumitomo Heavy Industries, Gross Profit by Segment 2020 (% share)

Exhibit 72                       Liebherr, Total Revenue ($ MN) 2017-2020

Exhibit 73                       Liebherr, Sales by Region (% share)

Exhibit 74                       Liebherr, Total Revenue by Segment 2020 (% share)

Exhibit 75                       Takeuchi Manufacturing, Total Revenue ($ BN) 2018-2020

Exhibit 76                       Takeuchi Manufacturing, Sales by Region (% share)

Exhibit 77                       Tadano, Net Sales ($ MN) 2018-2020

 

List of Tables

Table 1  Major Countries Investing in Japan

Table 2  Major Invested Sectors

Table 3  Mega Trends & Opportunity in Japan Construction Equipment Market

Table 4  Major Projects in Pipeline

Table 5  Construction Investment per Geographic Area

Table 6  Construction Investment in Japan 2015-2019

Table 7  Construction Units 2015-2020

Table 8  Total Incremental Opportunity, 2020-2027

Table 9   Total Incremental Opportunity, 2020-2027

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