Japan Construction Equipment Market (2024-2030) | Revenue, Value, Forecast, Outlook, Companies, Size, Growth, Trends, Industry, Share, Analysis

Topics Covered in Japan Construction Equipment Market Report

The Japan construction equipment market report comprehensively covers the market by types and applications. The Japan construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Japan construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Japan Construction Equipment Market Synopsis

Japan construction equipment market growth is driven by the growing construction industry and developing transformation of infrastructure activities. The expansion of commercial and private infrastructure such as road network expansion plans, smart city, highway, railway, airport, and other public facilities are the major factors increasing the demand for the construction equipment market in Japan. Additionally, the manufacturers in Japan are much more active than many other countries in upgrading the technology and machines with ICT for the expansion of the construction industry.

According to 6wresearch, Japan Construction Equipment Market size is anticipated to grow at a CAGR of around 3.6% during 2024-2030. Japan construction equipment market is projected to register sound revenues in the coming years backed by the progressive growth of mining and oil & gas industries. Moreover, a rise in the need for time efficiency in performing construction tasks by using advanced construction equipment that is capable enough for fast work during construction would generate lucrative opportunities for construction equipment in the coming years. Additionally, rising commercialization would be the key factor in driving sales revenues on the back of the rise in the need for petroleum serving various purposes such as the manufacture of soap, detergent, and paints and would boost the growth of Japan's construction equipment market in the coming years.

One of the significant challenges that the Japanese construction equipment market faces is intense competition, both domestically and internationally. Japan's top manufacturers such as Hitachi, Komatsu, and Kobelco have a strong presence in the market, but they face competition from other global players such as Caterpillar, Volvo, and Hyundai. Another challenge is the high cost of equipment leases and purchases. Smaller construction companies often struggle to keep up with technology upgrades and purchasing new equipment, putting them at a disadvantage compared to larger construction firms. These factors have been supporting the Japan Construction Equipment Market Growth.

Construction Equipment Market in Japan: Key Players

The Japanese market is dominated by several domestic players, led by Hitachi Construction Machinery, followed by Komatsu and Kobelco. However, there has been a recent trend of foreign manufacturers entering the Japanese market. For instance, Caterpillar, the world's largest construction equipment manufacturer, recently opened a factory in Japan to capitalize on the booming market. Other international companies that have set up a base in Japan include Volvo, Hyundai, and JCB. This trend has increased the competitive landscape of the Japanese construction equipment market considerably.

Japan Construction Equipment Industry: Government Initiatives

The Japanese government has implemented several initiatives to aid in the growth and development of the construction equipment market. One of the initiatives includes an increase in infrastructure investment, which is expected to reach $1 trillion by 2025. Secondly, the government has also launched a program aimed at matching small and medium-sized enterprises (SMEs) in the construction industry with larger construction firms. The program, launched in 2019, aims to provide smaller companies access to technology and financing, thus improving their chances of competing with larger firms.

Market Segmentation by Type

According to Shivankar, Research Manager, 6Wresearch, the earthmoving segment is expected to hold the Japan construction equipment market due to an increase in demand for excavators driven by rental and general sectors. Moreover, renting and leasing heavy construction equipment is beneficial to construction companies due to its high cost and effective work which is expected to grow the demand for construction equipment in Japan during the forecast period.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Japan Construction Equipment Market Outlook
• Market Size of Japan Construction Equipment Market, 2023
• Forecast of Japan Construction Equipment Market, 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
• Japan Construction Equipment Market Trend Evolution
• Japan Construction Equipment Market Drivers and Challenges
• Japan Construction Equipment Price Trends
• Japan Construction Equipment Porter's Five Forces
• Japan Construction Equipment Industry Life Cycle
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Type for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
• Historical Data and Forecast of Japan Construction Equipment Market Revenues and volume by Others for the Period 2020 - 2030
• Japan Construction Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Japan Construction Equipment Top Companies Market Share
• Japan Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
• Japan Construction Equipment Company Profiles
• Japan Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

• Mobile Cranes
• Construction Tractor and Bulldozer
• Earthmoving Equipment
• Aerial Work Equipment
• Material Handling Equipment
• Dump Trucks
• Road Construction Equipment

By Applications:

• Construction
• Oil and Gas
• Mining
• Others (Municipality and Road Construction)