Japan Crane Market - Strategic Assessment & Forecast 2021-2027

PUBLISHED DATE : Sep 2021 | Pages : 77

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THE JAPAN CRANE MARKET SIZE WILL BE VALUED AT USD 20.4 BILLION AND TO REACH VOLUME OF 11187 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 3.25% BY VOLUME DURING 2021-2027

The Japan Crane Market Research Report includes by

  • Crane Type (Mobile Crane (Crawler Cranes, Rough Terrain Cranes, All Terrain Cranes, Truck Mounted Cranes and Others)
  • Fixed Cranes (Overhead Cranes and Tower Cranes)
  • Application (Construction, Mining, Transport/Port, Industrial, and Others)
  • Gross Power (Less than 20 Tons, 20-100 Tons, 101-200 Tons, and Greater than 200 Tons)

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77 Pages

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7 Tables

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57 Charts

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1 Regions

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15 Companies

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3 Market Segment

JAPAN CRANE MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VALUE) USD 20.4 BILLION (2027)
MARKET SIZE (VOLUME) 11187 UNITS (2027)
CAGR (VOLUME) 3.25% (2021-2026)
BASE YEAR 2020
HISTORIC YEAR 2018-2019
FORECAST YEAR 2021-2027
CRANE TYPE Mobile Crane (Crawler Cranes, Rough Terrain Cranes, All Terrain Cranes, Truck Mounted Cranes, and Others), and Fixed Cranes (Overhead Cranes and Tower Cranes)
APPLICATION Construction, Mining, Transport/Port, Industrial, and Others
GROSS POWER Less than 20 Tons, 20-100 Tons, 101-200 Tons, and greater than 200 Tons

 

The Japan crane market size will be valued at USD 20.4 billion and to reach a volume of 11187 units by 2027, growing at a compound annual growth rate (CAGR) of 3.25% by volume during 2021-2027. Japan is the third-largest economy in the world. The manufacturing and service industries are the major contributors to GDP. The country has witnessed a steady growth in the nominal GDP over the last few years. However, in 2020, the Japanese economy shrank by 4.8% due to disruption in the supply chain. Japan is an export-oriented market, but its exports fell by 19.2% in July 2020. However, export has shown some growth in Q1 of 2021 due to the recovery of China and the US market, which are the crucial trade partners of Japan. The Japanese government has also introduced a sustainable recovery plan from the negative impact of the pandemic and planned to invest $708 billion in green and digital technology. The economic package is expected to maintain employment, support business, and drive economic recovery. The government also launched wind power generation plans in different regions of the country under green technology programs.

These wind power generation plants' construction requires overhead and jib cranes. Hence, the demand for a crane with automated and fuel-efficient technology is expected to rise due to the government's focus on green and digital technology.

MARKET OUTLOOK

Japan's crane market was valued at 9233 units in 2021 and is expected to reach 11187 units by 2027, growing at a CAGR of 3.25% from 2021 to 2027. The mobile crane had the highest market share in 2020. 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. The rise of infrastructure investment and the mining sector will positively impact the demand for cranes in Japan. The rise of technological advancement in the construction industry will drive demand for customize automated cranes. The demand for mobile cranes is largely driven to address high-end works for urban and infrastructure development.

Japan Crane Market by volume

JAPAN CRANE MARKET - SEGMENTATION ANALYSIS

  • The mobile crane industry in Japan by value is expected to reach USD 9,465.5 million by 2027, growing at a CAGR of 3.89%.
  • The demand for crawler cranes is largely driven due to increased investment in both commercial buildings and oil & gas extraction projects.
  • Truck-mounted cranes are used for loading and moving equipment on the job site. Japan truck mounted crane industry is expected to reach 1,049 units by 2027.
  • Japan’s crane industry by industrial is expected to reach USD 4,701 million by 2027, growing at a CAGR of 5.36%.

KEY HIGHLIGHTS FROM THE REPORT

  • Increasing urban infrastructure development and high growth in tourism are further expected to propel the demand for cranes.
  • The Japanese crane industry is expected to show an incremental growth of 2,138 units during the period (2020- 2027).
  • The demand for mini/compact cranes is expected to further increase in the coming years.
  • Japan’s crane lifting capacity of 20 tons-100 tons market revenue is expected to reach USD 7,823 million by 2027, growing at a CAGR of 3.80%.

VENDOR LANDSCAPE

Major Japanese manufacturers have a broad presence in major regions, with extensive dealer networks and sales support. Japan is an export-oriented country. Japan manufacturers cranes and exports them across the globe. One of the key vendors, Tadano, manufactures construction cranes, truck loader cranes, and aerial work platforms worldwide. The company focuses on technology and quality innovations by creating a global R&D cooperation network and opening R&D centers.

WHY SHOULD YOU BUY THIS REPORT?

This report is among the few in the market that offers an outlook and opportunity analysis forecast in terms of:

  • Volume (Unit sales)
    • Crane Type
    • Application
    • Gross Power
  • Value (USD)     
    • Crane Type
    • Application
    • Gross Power                                   
  • Gain competitive intelligence about the economic scenario, advantages in Japan's 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 crane market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 10 key vendors and 5 other prominent vendors

KEY VENDORS

Major Vendors: Tadano, Manitex International, Inc., Manitowoc, SANY, Kobelco Construction Machinery (KCME), Konecranes, Liebherr, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Terex Corporation, and Cargotec.

Other Prominent Vendors: American Crane & Equipment Corp. (ACE), Zoomlion Heavy Industry, Broderson Manufacturing Corp, Link-Belt Cranes, and Kato Works.

Frequently Asked Questions

How big is the Japan crane market?

The Japan crane market size will be valued at USD 20.4 billion and to reach a volume of 11187 units by 2027.

What are the latest trends in the crane market in Japan?

The rise in investment in healthcare and disaster management projects and the high demand for the latest technology in the construction industry are the latest trends in the mobile crane industry in Japan.

Who are the key players in the Japan crane market?

Tadano, Manitex International, Inc., Manitowoc, SANY, Kobelco Construction Machinery (KCME), Konecranes, Liebherr, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Terex Corporation, and Cargotec are the key players in the Japan crane industry.

What are the key opportunities in the mobile crane market in Japan?

Mobile cranes accounted for the largest market share of 53% and created opportunities for the Japanese crane market players.

Which segment accounted for the highest share in the Japan crane Market?

The Mobile crane segment accounted for the highest share in the Japan crane market.

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The Japanese government started investing in digital technology which will help to transform the construction industry across Japan. All the countries are focusing on infrastructure development for increasing their economic activities post COVID-19 and Japan being the fourth largest exporter of cranes in the world that will have tremendous. The rise of infrastructure investment and the mining sector will have a positive impact on the demand for cranes in the Japanese market.

Base Year: 2020 

Forecast Year: 2021-2027 

Scope: The report considers the present scenario of the Japan crane 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 crane market.

Key Vendors

  • Tadano
  • Manitex International, Inc.
  • Manitowoc
  • SANY
  • Kobelco Construction Machinery (Japan)
  • Konecranes
  • Liebherr
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
  • Terex Corporation
  • Cargotec

Other Prominent vendors

  • American Crane & Equipment Corp. (ACE)
  • Zoomlion Heavy Industry
  • Broderson Manufacturing Corp
  • Link-Belt Cranes
  • Kato Works

Distributors:

  • Toyo Hoist Co. Ltd.
  • Tokyo Julki Co. ltd.
  • Ohya Corporation

Market Segmentation by Crane Type

  • Mobile Crane
    • Crawler Cranes
    • Rough Terrain Cranes
    • All-Terrain Cranes
    • Truck Mounted Cranes
    • Others
  • Fixed Cranes
    • Overhead Cranes
    • Tower Cranes

Market Segmentation by Application

  • Construction
  • Mining
  • Transport/Port
  • Manufacturing
  • Others

Market Segmentation by Gross Power

  • Less than 20 Tons
  • 20-100 Tons
  • 101-200 Tons
  • Greater than 200 Tons

Section1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario, FDI, Advantage of Japan, Key Economic Regions, Import/ Export Trends Analysis, Supply chain Insight, COVID-19 Impact


Section 3- Technological Advancements
• Advent of new Technology

Section 4 Market Dynamics
• Market Drivers, Restraints, Trends

Section 5 – Japan Crane Market (Type & Application)
1. Japan Crane Market by Crane Type
Mobile Cranes

  1. Crawler Cranes
  2. Rough Terrian Cranes
  3. All Terrian Cranes
  4. Truck Mounted Cranes
  5. Others

Fixed Cranes

  1. Overhead Cranes
  2. Tower Cranes

  3. Japan Crane Market by Application
    Construction Crane Market Size and Forecast, Volume & Value, 2018-2027
    Mining Crane Market Size and Forecast, Volume & Value, 2018-2027
    Transport/ Port Crane Market Size and Forecast, Volume & Value, 2018-2027
    Manufacturing Crane Market Size and Forecast, Volume & Value, 2018-2027
    Other Crane Market Size and Forecast, Volume & Value, 2018-2027

  4. Japan Crane Market by Lifting Capacity
    Lifting Capacity Lifting Capacity 101 tons- 200 tons Market Size and Forecast, Volume & Value, 2018-2027
    Lifting Capacity >201 tons Market Size and Forecast, Volume & Value, 2018-2027

Section 6 – Competitive Landscape
1. Company Profile of major Vendors (Liebherr, Konecranes, Kobelco, Tadano, Manitex, Terex Corporation, Manitowoc, Cargotec, SANY, XCMG)
2. Other Prominent vendors

  1. Distributors Profile

Section 7 – Report Summary
1. Key Insights

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

LIST OF EXHIBITS

Exhibit 1               Japan Crane Market by Volume (Unit sales), 2018-2027

Exhibit 2               Japan Crane Market by Lifting Capacity, (% Volume Share) 2020

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

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

Exhibit 5               Japan Crane Market by Application 2020 (% volume share)

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

Exhibit 7               Japan GDP Value ($BN) 2015-2020

Exhibit 8               % Of GDP Contribution by Industries in Japan (2020)

Exhibit 9               FDI Inward Flow ($MN)

Exhibit 10             Major Investing Countries (%)

Exhibit 11             Change in Number of Casual Employees (2011- 2019) (in Lacs)

Exhibit 12             Japan Crane Market by Type 2018-2027 (unit sales)

Exhibit 13             Japan Crane Market by Lifting Capacity 2018-2027 (unit sales)

Exhibit 14             Japan Crane Market by Application 2018-2027 (unit sales)

Exhibit 15             Japan Mobile Crane Market 2018–2027 (Unit Sales)

Exhibit 16             Japan Mobile Crane Market 2018–2027 ($ MN)

Exhibit 17             Japan Crawler Crane Market 2018–2027 (Unit Sales)

Exhibit 18             Japan Crawler Crane Market 2018–2027 ($ MN)

Exhibit 19             Japan Rough Terrian Crane Market 2018–2027 (Unit Sales)

Exhibit 20             Japan Rough Terrian Crane Market 2018–2027 ($ MN)

Exhibit 21             Japan All Terrian Crane Market 2018–2027 (Unit Sales)

Exhibit 22             Japan All Terrian Crane Market 2018–2027 ($ MN)

Exhibit 23             Japan Truck Mounted Crane Market 2018-2027 (Unit Sales)

Exhibit 24             Japan Truck Mounted Crane Market 2018-2027($ MN)

Exhibit 25             Japan Other Crane Market 2018-2027 (Unit Sales)

Exhibit 26             Japan Other Crane Market 2018-2027 ($ MN)

Exhibit 27             Japan Fixed Crane Market 2018-2027 (Unit Sales)

Exhibit 28             Japan Fixed Crane Market 2018-2027 ($ MN)

Exhibit 29             Japan Overhead Crane Market 2018-2027 (Unit Sales)

Exhibit 30             Japan Overhead Crane Market 2018-2027 ($ MN)

Exhibit 31             Japan Tower Crane Market 2018-2027 (Unit Sales)

Exhibit 32             Japan Tower Crane Market 2018-2027($ MN)

Exhibit 33             Japan Crane Market by Construction 2018–2027 (Unit Sales)

Exhibit 34             Japan Crane Market by Construction 2018–2027 ($ MN)

Exhibit 35             Japan Crane Market by Mining 2018–2027 (Unit Sales)

Exhibit 36             Japan Crane Market by Mining 2018–2027 ($ MN)

Exhibit 37             Japan Crane Market by Transport/Port 2018–2027 (Unit Sales)

Exhibit 38             Japan Crane Market by Transport/Port 2018–2027 ($ MN)

Exhibit 39             Japan Crane Market by Manufacturing 2018–2027 (Unit Sales)

Exhibit 40             Japan Crane Market by Manufacturing 2018–2027 ($ MN)

Exhibit 41             Japan Crane Market by Others 2018–2027 (Unit Sales)

Exhibit 42             Japan Crane Market by Others 2018–2027 ($ MN)

Exhibit 43             Japan Crane Lifting Capacity

Exhibit 44             Japan Crane Lifting Capacity

Exhibit 45             Japan Crane Lifting Capacity 20 tons- 100 tons Market 2018–2027 (Unit Sales)

Exhibit 46             Japan Crane Lifting Capacity 20 tons- 100 tons Market 2018–2027 ($ MN)

Exhibit 47             Japan Crane Lifting Capacity 101 tons- 200 tons Market 2018–2027 (Unit Sales)

Exhibit 48             Japan Crane Lifting Capacity 101 tons- 200 tons Market 2018–2027 ($ MN)

Exhibit 49             Japan Crane Lifting Capacity >201 tons Market 2018–2027 (Unit Sales)

Exhibit 50             Japan Crane Lifting Capacity >201 tons Market 2018–2027 ($ MN)

Exhibit 51             Tadano, Mobile Crane Sales by Region, 2020 (Unit Sales)

Exhibit 52             Manitex, Total Sales by Product Segment ,2020(% Share)

Exhibit 53             Manitowoc, Sales by Region (%)

Exhibit 54             Manitowoc, New Product Introduction

Exhibit 55             Liebherr, Tower Crane Sales by region, 2020 (% Share)

Exhibit 56             Konecranes, Net Sales by Liebherr, Mobile and Crawler Crane Sales by Region, 2020 (% Share)

Exhibit 57             Region, 2020 (% share)

LIST OF TABLES

  1. Main Invested Sectors
  2. Main Investing Countries
  3. Key Economic Regions in Japan
  4. Export of Cranes from Japan 2019 ($MN)
  5. Import of Cranes to Japan 2019 ($MN)
  6. Abbreviations
  7. Key Insights

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