Japan Construction Equipment Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 2.85% from 2023 to 2033
• The Japan Construction Equipment Market Size is Expected to Hold a Significant Share by 2033

The Japan Construction Equipment Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 2.85% from 2023 to 2033.

Market Overview

Machines used to carry out certain activities on a construction site are known as construction equipment. Digging, moving, hauling, and even leveling can be included. Based on their respective functions, these equipment types can be divided into four subcategories: material handling equipment, construction vehicles, earth-moving equipment, and other construction equipment. Companies can considerably improve their construction process by using appropriate tools for a given work. Construction machinery and equipment for buildings are utilized in construction projects. Heavy-duty vehicles specifically intended for carrying out construction tasks earthwork activities being the most common are referred to as construction equipment. Efficient utilization of suitable equipment enhances the project's economy, quality, safety, speed, and timeliness of completion. Every construction process requires the use of construction equipment.

Report Coverage

This research report categorizes the market for Japan construction equipment market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan construction equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan construction equipment market.

Driving Factors

A large portion of Japan's infrastructure is governed by the Ministry of Land, Infrastructure, and Transportation (MLIT). According to MLIT, repairing and detecting at-risk infrastructure early on can help prevent major incidents and drastically cut maintenance and renewal expenditures by 47 percent, saving USD 46 billion by 2048. Japan's long-term infrastructure projects are becoming more and more dependent on sophisticated construction equipment in order to ensure their safety, efficiency, and cost-effectiveness. This is because the country places a high priority on infrastructure maintenance and the early identification of possible dangers.

Restraining Factors

The export, import, and manufacturing regulations pertaining to construction equipment differ between countries. To stop unfair trade practices and support home manufacturers, several countries impose taxes on imports.

Market Segmentation

The Japan construction equipment market share is classified into equipment type and end-user.

• The material handling equipment & cranes segment is expected to hold a significant market share through the forecast period.    

The Japan construction equipment market is segmented by equipment type into earthmoving equipment, material handling equipment & cranes, concrete equipment, and road building equipment. Among these, the material handling equipment & cranes segment is expected to hold a significant market share through the forecast period. Due to the requirement for cranes and other equipment to handle big construction materials and products is growing across several industries. The three most common types of goods-handling cranes utilized in warehouse and construction settings are telescopic handlers, forklift trucks, and AGVs.

• The construction & infrastructure segment is expected to hold the largest market share through the forecast period.   

The Japan construction equipment market is segmented by technology into oil & gas, construction & infrastructure, manufacturing, mining, and others. Among these, the construction & infrastructure segment is expected to hold the largest market share through the forecast period. The market is impacted by government investment in infrastructure projects. The need for both new and old construction equipment increases when government agencies spend more in utilities, highways, and bridges.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan construction equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Komatsu Ltd.
• Hitachi Construction Machinery Co., Ltd.
• Kobelco Construction Machinery Co., Ltd.
• Kubota Corporation
• Sumitomo Heavy Industries, Ltd.
• Yanmar Construction Equipment Co., Ltd.
• Tadano Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2022, Komatsu Ltd. and Cummins Inc. worked together to create hauling equipment that emits no emissions. extending the cooperation on diesel engines over a range of mining and construction machinery.

Market Segment

This study forecasts revenue at the Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Construction Equipment Market based on the below-mentioned segments:

Japan Construction Equipment Market, By Equipment Type

• Earthmoving Equipment
• Material Handling Equipment & Cranes
• Concrete Equipment
• Road Building Equipment

Japan Construction Equipment Market, By End-User

• Oil & Gas
• Construction & Infrastructure
• Manufacturing
• Mining
• Others