JAPAN USED CONSTRUCTION EQUIPMENT MARKET SIZE WAS VALUED AT USD 814.6 MILLION IN 2022 AND IS EXPECTED TO REACH USD 1.00 BILLION BY 2029, GROWING AT A CAGR OF 2.97% DURING 2022-2029.

Japan Used Construction Equipment Market Research Report includes segments by

  • Earthmoving Equipment: Excavator, Backhoe Loaders, Motor Graders, and Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Road Construction Equipment: Road Rollers and Asphalt Pavers
  • End Users: Construction, Manufacturing, Mining, and Others

The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029

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JAPAN USED CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
Market Size (2029) USD 1 BILLION
MARKET SIZE (2022) USD 814.6 MILLION
CAGR (2022-2029) 2.97%
MARKET SIZE (VOLUME) 50,455 Units (2029)
HISTORIC YEAR 2020-2021
BASE YEAR 2022
FORECAST YEAR 2023-2029
TYPE Earthmoving Equipment, Road Construction Equipment, and Material Handling Equipment
END-USERS Construction, Manufacturing, Mining, and Others
KEY VENDORS Caterpillar, Volvo Construction Equipment, Liebherr, Komatsu, Hitachi Construction Machinery, Kubota, SANY, Hyundai Construction Machinery, Sumitomo & Kobelco

Japan used construction equipment market size was valued at USD 814.6 million in 2022 and is expected to reach USD 1 billion by 2029, growing at a CAGR of 2.97% from 2022 to 2029. The surge in government investment in the upgradation of railways, airports, roadways & bridges and government investment in the redevelopment of old infrastructure, including highways & tunnels, are key factors driving the market during the forecast period.

Japan has also announced a USD 708 billion economic stimulus package targeting investments in new growth areas such as green and digital innovation. Further, the investment is also directed toward clean energy generation. Several renewable energy projects are under progress in the Kanto and Chūbu region of the country. Rising renewable energy investment is expected to drive demand for used material handling equipment in the Japanese market.

Japan used construction equipment market is expected to reach 50,455 units by 2029. In 2021, the government allocated USD 45 billion to healthcare infrastructure development to construct hospitals. Investment is planned for redevelopment & urban planning in Tokyo city in 2022. The government is also investing in redevelopment projects in western Japan's Kansai and Kinki areas. In 2022, the government announced a ~USD 407 billion stimulus package to offset rising fuel and grain prices caused by the war in Ukraine. The government has also planned to invest USD 113.9 billion till 2030 for the development renewable energy industry. USD 33.5 billion in funds are allocated for the decarbonization of power sources, and investment is also planned for decarbonization in the manufacturing industry and research & development of the renewable energy industry. Such growth enablers by the country’s government have played a key role in supporting Japan used construction equipment market growth.

KEY HIGHLIGHTS

  • The Earthmoving segment has the largest share of Japan used construction equipment market. The excavators held the largest share in the earthmoving segment in 2022.
  • In 2021, the country's government planned to invest USD 708 billion in economic recovery. The investment is directed at the development of public infrastructure & digital technology. Investment is also planned for Expo 2025 in the Osaka region of the country. The government is investing in renewable energy projects to reduce carbon emissions by 46% by 2030.
  • Japan is facing the challenge of aging infrastructure. More than 50% of roads, bridges & tunnels will be older than 50 years by 2033. Therefore, the government increases its focus on repairing and maintaining roadways, highways & bridges. The rise in repair and redevelopment is expected to drive sales of used earthmoving equipment in Japan used construction equipment market.
  • Growth in the logistics industry due to the growing demand for goods in the global and domestics market supports the demand for used forklifts & telehandlers in Japan used construction equipment market. The country's export witnessed a sharp rise of 21.5% in 2021. Moreover, it is anticipated that using robotics & automation in the manufacturing industry will temporarily solve the labor shortage issue— and it is estimated that the industry will witness a 2.4% growth in output in 2022.
  • The country witnessed a surge in warehouse space across the country in 2021. The country’s E-commerce and logistics industry growth triggers the demand for large warehouse spaces in major cities. Growth in the logistics & E-commerce industry is expected to positively impact the demand for used forklifts & telescopic handlers in Japan used construction equipment market.
  • The demand for new-generation used excavators with ICT and remote monitoring technology is gaining market share in Japan. Skilled labor shortage & rising accident cases at construction sites prompt the use of automated used construction equipment in Japan.
  • In 2021, demand for used forklifts witnessed high growth in Japan used construction equipment market due to the rise in the E-Commerce sector. Used hydraulic excavators are used for disaster management projects in the country. In 2022, Hitachi Construction Machinery Japan signed 83 disaster agreements with local municipalities to provide equipment for disaster response & recovery in Japan.

MARKET TRENDS & DRIVERS

Renovation of Old Infrastructure in Japan Supports the Sales of Used Construction Equipment
The country’s government is expected to increase its focus on renovating its aging infrastructure in 2022. According to the Ministry of Land, Infrastructure, Transport & Tourism Japan, nearly 63% of roads & bridges, 62% of flood barriers & other river facilities, & nearly more than 40% of tunnels will be more than 50 years old by 2033. The government planned to develop new buildings and infrastructure in the Tokyo, Kansai, and Kinki regions in Western Japan. The upcoming Osaka Expo 2025 is expected to prompt investment in real estate, & infrastructure development projects. For instance, the government is investing USD 470 million to renovate Kansai International airport terminal 1, which is expected to complete by 2026. In addition to it, some of the significant infrastructure renovation projects such as Enryakuji Temple (Kyoto), 5- storied pagoda (Nara), floating Tori Gate of Itsukushima Shrine ( Miyajima), Dogo Onsen Honkan (Matsuyama), Okayama castle (Okayama) & Kumamoto Castle ( Kumamoto) are under progress in 2022. Such renovations in the country will significantly support Japan used construction equipment market.

Logistics Industry Growth in Japan Driving Demand for Used Material Handling Equipment
Japanese E-commerce industry witnessed a sharp growth post-pandemic in 2021. The country’s logistics investment company GLP plans to invest USD 8.7 billion in facilities across the country in 2022. The company is investing ~USD 6.7 billion to develop 50 large-scale logistics centers. According to the ministry of economy, trade & industry expect to grow by an average of 8% for the next five years. Japanese logistics companies are investing in developing warehouse centers across the country. For instance, in 2022, Nippon logistics corporation completed the construction of its first cold storage warehouse in Atsugi- shi Kanagawa Prefecture. ESR Kawanishi Distribution Centre will develop USD 1.5 billion multi-phase logistics park in Osaka, Japan, in 2022.

Labour Shortage Triggers the Demand for Used Automated Construction Equipment
The labor shortage issues in the country trigger the demand for automated used construction equipment. Japan's skilled labor force shortage majorly impacts the construction industry. Therefore, the Ministry of Land, Infrastructure, Transport, and Tourism supports the "i-Construction" initiative. This initiative aims to boost productivity and make construction sites more appealing using contemporary technology such as IoT and remote monitoring. Additionally, used equipment equipped with ICT assures construction machinery operator safety at construction sites. The advancement of technology will propel the growth of Japan used construction equipment market. According to government data, labor fatalities by work-related accidents is about 1,000 a year, the highest among other industries.

INDUSTRY RESTRAINTS

A Rise in Unoccupied Houses Is Expected to Impact Sales of Used Construction Equipment
Japan faces the challenges of a low birth rate and an aging population in 2022. The country has over 20% of its population aged 70 and older. According to government statistics, the country’s population declined by 5% in 2022 compared to 2021. Constant decline in the country’s birth rate impacts the housing demand in Japan.

The country’s real estate industry has been performing poorly for several years. By 2023, the country will likely witness an excess supply of 10 million housing units due to a declining population rate. This declining rate of population hampers the demand for housing units, further impacting Japan used construction equipment market. In 2018, Japan’s Housing and Land Survey, which conducts the survey every five years, found a record-high 8.49 million homes unoccupied. Even in Tokyo, 10% of houses were found abandoned.

Skilled Labour Shortage Due to Aging Population Can Hamper the Sales of Used Construction Equipment
In 2022, the country faced a significant challenge of skilled labor. According to the Japan Federation of Construction Contractors, the number of competent construction workers in Japan is predicted to fall by 1.28 million by 2025, owing to the aging population. ~35% of labor in the construction industry is older than 55 years in the country, resulting in low productivity. Such factors are anticipated to hamper Japan used construction equipment market growth. Further, the country has strict immigration norms that restrict foreign laborers' migration. The government has identified 14 sectors where there will be a shortage of labor in the future, such as construction manufacturing, agriculture, and shipbuilding are some major ones.

VENDOR LANDSCAPE

  • Prominent vendors in Japan used construction equipment market are Caterpillar, Volvo Construction Equipment, Liebherr, Komatsu, Hitachi Construction Machinery, Kubota, SANY, Hyundai Construction Machinery, Sumitomo & Kobelco.
  • Other prominent vendors in the industry are Yanmar, Toyota Material Handling, Tadano & Takeuchi.
  • Hitachi construction machinery has a strong share of hydraulic excavators in Japan used construction equipment market, which is majorly used for disaster management projects. OEMs are introducing automation technology to overcome issues of skilled labor shortage. In 2021, Kobelco introduced ICT-enabled construction machinery with a navigation system to cater to the high demand for the construction industry.
  • Komatsu & Kubota have a substantial market share in Japan's earthmoving segment of used construction equipment.
  • Companies like Hyundai Construction Machinery and Liebherr have an established presence over a significant period and diverse product offerings. For instance, Liebherr has served the customers of the Japan region for the past 38 years.

Frequently Asked Questions

What is the growth rate of Japan used construction equipment market?

Japan used construction equipment market size is expected to grow at a CAGR of 2.97% from 2022-2029.

What is the expected number of construction equipment units sold by 2029 in Japan used construction equipment market?

Japan used construction equipment market share is estimated to witness the sale of around 50,455 units by 2029.

How big will be Japan used construction equipment market size by 2029?

Japan used construction equipment market size is estimated to reach USD 1 billion by 2029.

Who are the major players in Japan used construction equipment market?

Caterpillar, Volvo Construction Equipment, Liebherr, Komatsu, Hitachi Construction Machinery, Kubota, SANY, Hyundai Construction Machinery, Sumitomo & Kobelco are the major players in Japan used construction equipment market.

What are the key trends in Japan used construction equipment market?

The surge in used construction equipment financing and labor shortage triggering the demand for used automated construction equipment are the trends boosting Japan used construction equipment market.

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Japan used construction equipment market is expected to grow at a CAGR of approximately 2.97% from 2022 to 2029.

The following factors are likely to contribute to the growth of Japan used construction equipment market during the forecast period:

  • Renovation of Old Infrastructure In Japan Support’s the Sales of Used Construction Equipment
  • Logistics Industry Growth In Japan Driven Demand for Used Material Handling Equipment
  • Declining Demand for New Construction Drive Sales of Used Construction Equipment

Base Year: 2022

Forecast Year: 2023-2029

The report considers the present scenario of Japan used construction equipment market and its market dynamics for 2023−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Vendors

  • Caterpillar
  • Komatsu
  • Volvo Construction Equipment
  • Hitachi Construction Machinery
  • Kubota
  • Sumitomo Heavy Industries
  • Kobelco
  • SANY
  • Liebherr
  • Hyundai Construction Machinery

Other Prominent Vendors

  • Yanmar
  • Takeuchi Manufacturing
  • Tadano
  • Toyota Material Handling

Auctioneers Profile

  • Ritchie Bros. Auctioneers
  • NORI Enterprise Co, Ltd
  • Hitachi Construction Machinery
  • TOZAI BOEKI CO. LTD
  • YANAGAWA SHOJI Co LTD.

Distributors Profiles

  • WWB KENKI
  • Chukyo Juki Ltd
  • Tokuworld Corporation Corp

Segmentation by Type

  • Earthmoving Equipment:
    • Excavator
    • Backhoe Loaders
    • Motor Graders
    • Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Material Handling Equipment
    • Crane
    • Forklift & Telescopic Handlers
    • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Road Construction Equipment
    • Road Rollers
    • Asphalt Pavers
  • End Users
    • Construction
    • Manufacturing
    • Mining
    • Others
  1. Introduction
    • Market Snapshot
    • Executive Summary
  2. The Market Overview
    • Economic Scenario, Major Infrastructure Projects
  3. Market Landscape
    • Japan Used Construction Equipment Market by Type (Volume & Value)
      • Earth Moving Equipment
        • Excavator
        • Backhoe Loader
        • Motor Grader
        • Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, etc.)
      • Material Handling Equipment
        • Crane
        • Forklift and Telescopic Handler
        • Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)
      • Road Construction Equipment
        • Road Roller
        • Asphalt Paver
      • Japan Used Construction Equipment Market by Application (Volume & Value)
        • Construction
        • Mining
        • Manufacturing
        • Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, etc)
  1. Market Dynamics
    • Equipment Supply Chain Analysis, COVID-19 Impact, Market Drivers, Restraints, Trends, Advantage Japan
    • Key Economic Regions, Advantage of Used Equipment, Inception of Used Equipment, Pricing of Used Construction
  2. Technology Development
    • Advent of New Technology
  3. Competitive Landscape
    • Competitive Landscape Overview
    • Major Vendors (Caterpillar | Volvo Construction Equipment| Komatsu | Hitachi Construction Machinery | Kubota | Liebherr | Hyundai Construction Equipment | Kobelco| SANY | Sumitomo|)
    • Other Prominent Vendors
    • Auctioneer Profile
    • Distributors Profile
  4. Quantitative Summary
  5. Report Summary
    • Key Insights
    • Abbreviations
    • List of Graphs
    • List of Tables
  6. Report Scope & Definition
    • Research Methodology
    • Research Objective
    • Market Definition, Inclusion & Exclusion

Graph-1 Japan Used Construction Equipment Market by Volume 2020-2029 (Unit Sales)

Graph-2 Used Construction Equipment Market in Japan by Type, 2021 (% Volume Share)

Graph-3 Japan Used Construction Equipment Market by Volume, 2020-2029 (Unit Sales)

Graph-4 Japan Used Construction Equipment Market By Value, 2020-2029 ($ MN)

Graph-5 Japan Used Construction Equipment Market by End User, 2021 (%)

Graph-6 Japan Used Construction Equipment Market by Type, 2020-2029 (Unit Sales)

Graph-7 Japan Government % of Fund Allocation in Different Sectors 2022

Graph-8 Japan Used Construction Equipment Market by Type, 2020-2029 (Unit Sales)

Graph-9 Japan Used Construction Equipment Market by Type 2022 (% Volume Share)

Graph-10 Japan Used Construction Equipment Market by End User, 2020- 2029 (Unit Sales)

Graph-11 Japan Used Earthmoving Equipment Market, 2020–2029 (Unit Sales)

Graph-12 Japan Used Earthmoving Equipment Market, 2020–2029 ($ MN)

Graph-13 Japan Used Excavator Market, 2020–2029 (Unit Sales)

Graph-14 Japan Used Excavator Equipment Market, 2020–2029 ($ MN)

Graph-15 Japan Used Backhoe Loader Market, 2020–2029 (Unit Sales)

Graph-16 Japan Used Backhoe Loader Equipment Market, 2020–2029 ($ MN)

Graph-17 Japan Used Motor Grader Market, 2020–2029(Unit Sales)

Graph-18 Japan Used Motor Grader Market, 2020–2029 ($ MN)

Graph-19 Japan Used Other Earthmoving Equipment Market, 2020–2029 (Unit Sales)

Graph-20 Japan Used Other Earthmoving Equipment Market, 2020–2029 ($ MN)

Graph-21 Japan Used Material Handling Equipment Market, 2020–2020 (Unit Sales)

Graph-22 Japan Used Material Handling Equipment Market, 2020–2029 ($ MN)

Graph-23 Japan Used Crane Market, 2020–2029 (Unit Sales)

Graph-24 Japan Used Crane Market, 2020–2029 ($ MN)

Graph-25 Japan Used Forklift and Telescopic Handler Market, 2020–2029 (Unit Sales)

Graph-26 Japan Used Forklift and Telescopic Handler Market, 2020–2029 ($ MN)

Graph-27 Japan Used Aerial Platforms Market, 2020–2029 (Unit Sales)

Graph-28 Japan Used Aerial Platforms Market, 2020–2029 ($ MN)

Graph-29 Japan Used Road Construction Equipment Market, 2020–2029 (Unit Sales)

Graph-30 Japan Used Road Construction Equipment Market, 2020–2029 ($ MN)

Graph-31 Japan Used Road Roller Market, 2020–2029 (Unit Sales)

Graph-32 Japan Used Road Roller Market, 2020–2029 ($ MN)

Graph-33 Japan Used Asphalt Paver Market, 2020–2029 (Unit Sales)

Graph-34 Japan Used Asphalt Paver Market, 2020–2029 ($ MN)

Graph-35 Japan Used Construction Equipment Market by Construction, 2020–2029 (Unit Sales)

Graph-36 Japan Used Construction Equipment Market by Construction, 2020–2029($ MN)

Graph-37 Japan Used Construction Equipment Market by Manufacturing, 2020–2029 (Unit Sales)

Graph-38 Japan Used Construction Equipment Market by Manufacturing, 2020–2029 ($ MN)

Graph-39 Japan Used Construction Equipment Market by Mining, 2020–2029 (Unit Sales)

Graph-40 Japan Used Construction Equipment Market by Mining, 2020–2029 ($ MN)

Graph-41 Japan Used Construction Equipment Market by Others, 2020–2029 (Unit Sales)

Graph-42 Japan Used Construction Equipment Market by Others, 2020–2029 ($ MN)

Graph-43 Percentage of Bridge & Tunnel Over 50 years in 2021 & 2031

Graph-44 Major Companies Market Share in Used Construction Equipment Market In Japan 2021(%)

Graph-45 Caterpillar: Total Sales 2018–2021 ($ BN)

Graph-46 Caterpillar: Sales by Region 2021 (% Share)

Graph-47 Caterpillar: Total Sales by Segment 2021 (% Share

Graph-48 Komatsu: Sales 2018–2021 ($ BN)

Graph-49 Komatsu: Sales by Region 2020 (% Share)

Graph-50 Komatsu: Sales by Segment 2020 (% Share)

Graph-51 Volvo: Construction Equipment Net Sales 2018–2021 ($ BN)

Graph-52 Volvo: Share of Net Sales by Region 2021 (% share)

Graph-53 Volvo: Share of Net Sales by Segment 2021(% Share)

Graph-54 Hitachi Construction Machinery: Total Sales (2019–2021) ($ BN)

Graph-55 Kubota: Revenue 2018-2021 ($BN)

Graph-56 Kobelco: Net sales 2017-2020 ($BN)

Graph-57 Liebherr: Sales 2018–2020 ($ BN)

Graph-58 Liebherr: Sales by Region 2021 (% Share)

Graph-59 Liebherr: Sales by Product Segment 2021 (% Share)

Graph-60 Hyundai Construction Equipment: Total Sales (2018–2020) ($BN)

Graph-61 Takeuchi:  Revenue ($ BN) 2018-2021

Graph-62 Takeuchi: Sales by Region (% share)

Graph-63 Ritchie Bros: Total Revenue 2019-2021 ($BN)

Graph-64 Ritchie Bros:  Revenue by Segments 2021 (%) 

List of Tables:

Table-1 Major Infrastructure Projects in Japan

Table-2 Ritchie Bros: Sales Channels

Table-3 Japan Used Construction Equipment Market by Volume 2020-2029

Table-4 Japan Used Construction Equipment by Type 2019-2018

Table-5 Japan Used Earth Moving Equipment Market Size & Forecast, by Type (Volume, Units)

Table-6 Japan Used Material Handling Equipment Market Size & Forecast, by Type (Volume, Units)

Table-7 Japan Used Road Construction Equipment Market Size & Forecast, by Type (Volume, Units)

Table-8 Japan Used Construction Equipment Market Size & Forecast, By End User (Units)

Table-9 Japan Used Construction Equipment Market by Value 2020-2029

Table-10 Japan Used Construction Equipment by Type 2019-2018

Table-11 Japan Used Earth Moving Equipment Market Size & Forecast, by Type (Value, $ MN)

Table-12 Japan Used Road Construction Equipment Market Size & Forecast, by Type (Value, $ MN)

Table-13 Japan Used Material Handling Equipment Market Size & Forecast, by Type (Value, $ MN)

Table-14 Japan Used Construction Equipment Market Size & Forecast, by End User

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