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

Market Forecast By Types (Mobile Crane, Fixed Crane, Marine and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction) and Competitive Landscape

Product Code: ETC002225	Publication Date: May 2023	Updated Date: Aug 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Japan Crane Market Competition 2023

Japan Crane market currently, in 2023, has witnessed an HHI of 2522, Which has increased slightly as compared to the HHI of 1972 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Japan Export Potential Assessment For Crane Market (Values in USD Thousand)

Japan Crane Market Highlights

Report Name	Japan Crane Market
Forecast period	2024-2030
CAGR	7%
Growing Sector	Construction

Topics Covered in the Japan Crane Market Report

The Japan Crane Market report thoroughly covers the market by Types and Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Japan Crane Market Synopsis

The Japan Crane Market has witnessed significant growth over the years and will continue to grow in the coming years. This is due to various factors such as the rise in infrastructure projects, rapid urbanization, the need for residential and commercial areas, and demand form industries.

According to 6Wresearch, the Japan Crane Market size is expected to grow at a significant CAGR of 7% during 2024-2030. One of the major drivers of the Japan crane market is the rise in infrastructure projects. Japan has a well-established transportation network with high-speed railways, expressways, ports and airports connecting various parts of the country. Moreover, rapid urbanization has also contributed to the growth of the crane market in Japan. As more people move to urban areas, the need for commercial and residential spaces has increased, leading to a surge in construction activities. Another significant factor driving the growth of the crane market in Japan is the increasing demand from industries such as construction and oil & gas.

One of the primary challenges is the high initial cost associated with purchasing cranes. The advanced technology and features of Japanese cranes make them more expensive compared to those from other countries. Moreover, the shortage of skilled labour is another challenge faced by the crane industry in Japan. Operating a crane requires specialized training and expertise, which is currently lacking in the country due to an ageing population.

Japan Crane Industry: Leading Players

Some of the key players in Japan Crane Market include Tadano Ltd., Kobelco Construction Machinery Co., Ltd., Kato Works Co., Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., IHI Construction Machinery Limited, Liebherr-International Deutschland GmbH, Sany Heavy Industry Co., Ltd., XCMG Group, Zoomlion Heavy Industry Science and Technology Co., Ltd., and Terex Corporation.

Japan Crane Market: Government Regulations

One major initiative is the introduction of a new certification system for crane operators. Additionally, the government has also invested in infrastructure projects such as ports, airports, and railways which require the use of cranes during construction. The Japanese government has also introduced subsidies for companies that purchase low-emission or electric-powered cranes to promote the adoption of advanced and eco-friendly cranes. Furthermore, the government has implemented stricter safety regulations for crane usage such as regular inspections and maintenance checks.

Future Insights of the Market

The Japan crane market is expected to witness growth in the coming years with increasing demand from industries such as construction, manufacturing, and transportation. There has been a shift towards technologically advanced and eco-friendly cranes in recent years, driven by government regulations promoting sustainability. The implementation of 5G technology is expected to further boost the demand for smart and connected cranes in Japan.

Market Segmentation by Types

According to Ravi Bhandari, Research Head, 6Wresearch, the Marine And Offshore Crane segment is expected to witness significant growth in the coming years due to increasing demand for renewable energy sources. These cranes are essential for offshore wind farm installations and maintenance activities.

Market Segmentation by Applications

In terms of applications, the Construction segment dominate the Japan crane market. The rapid urbanization and infrastructure development projects in the country have led to a high demand for construction cranes.

Key Attractiveness of the Report

10 Years of 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 Crane Market Overview
Japan Crane Market Outlook
Japan Crane Market Forecast
Historical Data of Japan Crane Market Revenues & Volume for the Period 2002-2030.
Japan Crane Market Size and Japan Crane Market Forecast of Revenues and Volume, Until 2030.
Historical Data of Japan Crane Market Revenues and Volume, By Applications, for the Period 2002-2030
Market Size & Forecast of Japan Crane Market Revenues and Volume, By Applications, Until 2030
Historical Data of Japan Crane Market Revenues and Volume, By Types, for the Period 2002-2030
Market Size & Forecast of Japan Crane Market Revenues and Volume, By Types, Until 2030
Historical Data of Japan Crane Market Revenues and Volume, By Regions, for the Period 2002-2030
Market Size & Forecast of Japan Crane Market Revenues and Volume, By Regions, Until 2030
Market Drivers and Restraints
Japan Crane Market Trends and Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Japan Crane Market Share, By Players
Japan Crane Market Share, By Regions
Japan Crane Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations