JAPAN CRAWLER EXCAVATOR MARKET SIZE IS EXPECTED TO REACH 73,797 UNITS SALES BY 2027, GROWING AT A CAGR OF 3.08% DURING THE PERIOD 2021-2027

Japan Crawler Excavator Market Research Report includes Excavator Type (Mini (>6 tons), Small (6-15 tons, Medium (15-30 tons), and Large (above 30 tons)), Gross Power (<60 HP, 61-101 HP, 102-200 HP, and >201 HP), and Application (Construction, Mining, Agriculture, Forestry, and Others)

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Most Exhaustive Report

70 Pages

6 Tables

54 Charts

1 Regions

1 Countries

16 Companies

3 Market Segment

JAPAN CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VOLUME) 73,797 Units Sales (2027)
CAGR (VOLUME) 3.08% (2021-2027)
Base Year 2020
Historic Year 2018-2019
Forecast Year 2021-2027
EXCAVATOR TYPE Mini (>6 tons), Small (6-15 tons, Medium (15-30 tons), and Large (above 30 tons)
GROSS POWER <60 HP, 61-101 HP, 102-200 HP, and >201 HP
APPLICATION Construction, Mining, Agriculture, Forestry, and Others
KEY VENDORS Caterpillar, Komatsu, Hitachi, Sany, Volvo Construction Equipment, Kobelco, JCB, Hyundai, and Doosan

JAPAN CRAWLER EXCAVATOR MARKET INSIGHTS

  • Foreign investors working in Japan have more access to other Asian markets due to its geographic position helping the vendors to grow in the Japan crawler excavator market.
  • The construction industry largely drives the demand for mini excavators in the country.
  • Komatsu leads the market for hydraulic excavators in the country with around 24% share, closely followed by Hitachi Construction and Kobelco with 22% and 20% share.
  • The Japanese economy is projected to witness steady growth over the forecast period. This would eventually boost the domestic demand for commodities and equipment, driving the crawler excavator market in Japan.
  • Development of hydraulic and engine control systems, automation, electric, autonomous, and remote-control technologies are booming the growth of the crawler excavator market.
  • The business is leading the Japan excavator market for green products that comply with increasingly stringent international environmental laws, such as the IMO's air pollution and sulfur dioxide emission standards, by creating key eco-friendly technology.
  • According to 'Cushman & Wakefield's multifamily building construction is projected to grow at around 35% in 2021. This is expected to boost the sale of excavators in the country significantly.

Japan Crawler Excavator Market

JAPAN CRAWLER EXCAVATOR MARKET - SEGMENTAL ANALYSIS

  • The medium excavator varies in size and capacity for various applications. The power output of this excavator can range from less than 60HP to more than 200HP. Japan’s medium crawler excavator market by value is expected to reach USD 609.6 million by 2027.
  • 61hp-101hp crawler excavator finds applications in urban development projects and excavation operations in residential and commercial building activities.
  • With the increasing diversity of attachments and advancements in machine design, excavators are gaining popularity on-farm.

KEY HIGHLIGHTS FROM THE REPORT

  • Excavators used in the construction industry accounted for the largest share of around 54.6% of huge government expenditure on construction projects.
  • The country has improved its efficiency in transforming innovative inputs into outputs during the last three years. Improved ranks in innovation outputs have a beneficial impact in boosting the growth of the Japanese crawler excavator market.
  • The Japanese construction machines and equipment industry is extremely mature and comprises a wholesome ecosystem to cater to the demand of both domestic and export markets.

JAPAN CRAWLER EXCAVATOR MARKET - VENDOR LANDSCAPE

Vendors are creating innovations and developing technologies to accelerate the growth of the crawler excavator market in Japan. The OEMs have a triple business model for handling new excavators, refurbished used excavators, and renting out new excavators. This provides the Japanese manufacturers the much-needed tactical reach of equipment to remote regions through refurbished equipment sales, further promoting the sales of new equipment. Offering the best smart industrial solutions by merging robotic automation with next-generation technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) and big data analytics is gaining momentum across the Japan excavator market.

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
      • Excavator Type and Operating Weight
      • Application
      • Gross Power Output
    • Value (USD)
      • Type
      • Excavator Type and Operating Weight
      • Application
      • Gross Power Output
    • Gain competitive intelligence about the economic scenario, advantages in Japan, major projects and investments, market dynamics, and market share
    • Examples of 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 crawler excavator market
    • Complete supply chain analysis
    • Get COVID-19 impact analysis of the market
    • Company Profile of 16 major vendors 

Key Vendors: Caterpillar, Komatsu, Hitachi, Sany, Volvo Construction Equipment, Kobelco, JCB, Hyundai Construction Equipment, and Doosan

Prominent Vendors: LeeBoy, Sumitomo, Mahindra, XCMG, Kubota, Ingersoll Rand, and Liebherr

Frequently Asked Questions

The market size is projected to grow at a CAGR of 3.08% during the forecast period.
Excavator type, gross power, and application are the segments covered in the crawler excavator market.
Caterpillar, Komatsu, Hitachi, Sany, Volvo Construction Equipment, Kobelco, JCB, Hyundai Construction Equipment, and Doosan are the top players in the industry.
Innovation and technology up-gradation are the latest trends in the crawler excavator industry.
The economic development in the country boosts the domestic demand for commodities and equipment driving the excavator market in Japan.
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