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CHICAGO, September 27, 2021 / PRNewswire / – In-depth analysis and data-driven insights into the impact of COVID-19 included in this Japan Crane Market Report.
The Japan crane market is expected to grow at a CAGR of over 3.35% during the period 2021-2026.
Highlights presented in the report:
The crane market in Japan should reach revenues of $ 20.4 billion by 2027.
- Japan is the third largest economy in the world. In 2020, the Japanese economy shrank 4.8% due to supply chain disruptions. Japanese exports were negatively impacted and fell 19.2% in july 2020. However, exports showed growth in the first quarter of 2021 due to the recovery of China and the US markets, which are crucial trading partners of Japan.
- To mitigate the negative impact on the economy, the Japanese government has planned to invest $ 708 billion in green and digital technologies. The economic package should maintain employment, support businesses and stimulate economic recovery.
- FDI inflows remain low compared to other developed economies in 2020. However, the Japanese government offers several countries local tax incentives to attract FDI with the United States and France being major investors in Japan. Manufacturing and service industries are the main attraction sectors for FDI.
- The government is investing in various infrastructure and renewable energy projects such as Linear Motor Car Project, Shibuya Redevelopment and Gotoh Nagasaki Wind Power Generation Projects are expected to boost demand for cranes in Japan
- Japan is the world’s leading exporter of construction equipment. Japanese manufacturers have a strong network of dealers around the world. from Japan Crane exports increased by 11.8% in 2019. The demand for cranes and construction equipment is expected to increase due to the increase in infrastructure development projects across the world.
- Japan faces a declining working-age population. Therefore, the demand for automation technologies such as remote control and smart crane technology is on the rise.
- Tadano, Kobelco, Konecranes, Liebherr, Terex corporation, Manitex International, Manitowoc, Sany, XCMG and others are the major suppliers of the crane in the Japanese market.
Key offers:
- Market Size and Forecast by Volume | 2021-2027
- Market Size and Forecast by Revenue | 2021-2027
- Market dynamics – Key trends, growth drivers, constraints and investment opportunities
- Market Segmentation – A Detailed Analysis by Crane Type, Application and Gross Power
- Competitive landscape – 10 key suppliers and 5 other suppliers
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Japanese Crane Market – Segmentation
- The mobile crane market in Japan is expected to reach 5,991 units by 2027, with a CAGR of 3.41%. The demand for mobile cranes is largely driven by urban development and high-end infrastructure. In addition, there is a lot of construction activity in many small and large towns around. Tokyo, which support the market. Purchases by rental companies have also contributed to the expansion of the market.
- The construction crane market accounted for 48.5% of the overall crane market in 2020. Civil engineering activities in the country are growing due to active government investments. Local government investment spending, private investment and ongoing infrastructure projects are stimulating all activities (Shibuya redevelopment, Taranomon redevelopment, Shinagawa new station, etc.).
- The market for cranes with lifting capacities of 20 to 100 tonnes in Japan is expected to reach 4,295 units by 2027, with a CAGR of 3.34%. This category of cranes is widely used in the construction of commercial buildings, bridges and maintenance. Japan the government planned to invest in the development of infrastructure projects and zero-carbon construction projects to achieve the goal of carbon neutrality by 2050.
Japan Crane Market by Crane Type
- Mobile crane
- Crawler cranes
- All terrain cranes
- All terrain cranes
- Truck mounted cranes
- Others
- Fixed cranes
- Moving bridge
- Tower cranes
Japan Crane Market by Application
- Construction
- Mining
- Transport / Port
- Manufacturing
- Others
Japanese Crane Market by Gross Power
- Less than 20 tons
- 20-100 tons
- 101-200 tons
- More than 200 tons
Japanese Crane Market – Dynamic
In recent years, the volume of construction and infrastructure projects in Japan increased. As Japan recovering from the pandemic, construction and infrastructure projects are expected to resume. The demand for new buildings and infrastructure in the Tokyo is increasing and the government plans to redevelop the Kansai and the regions of Kinki in Western Japan. Due to the preparations for the Osaka Expo in 2025, the demand for infrastructure development is expected to increase. The Japanese government recently updated its public plans for the rehabilitation of various infrastructure developments under the National Resilience Basic Plan. The government attracts private sector partners who can provide financing for infrastructure investment, management skills and expertise to meet the challenges of natural disasters.
Key Drivers and Trends Driving Market Growth:
- Increased investment in infrastructure and renewable energy sources.
- Increased demand for construction equipment
- Increased investment in healthcare and disaster management projects
- Strong demand for the latest technologies in the construction industry
Get your sample today! https://www.arizton.com/market-reports/japan-crane-market-opportunities-assessment-forecast
Why should you buy this research?
This report is among the few in the market that offers an analysis of the outlook and opportunity in terms of:
- Volume (Unit sales)
- Crane type
- Application
- Gross power
- Value (USD)
- Crane type
- Application
- Gross power
- Obtain a competitive intelligence on the economic scenario, the advantages in Japan major projects and investments, 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
- Benefit from a quantitative and qualitative analysis of experts on the value / volume growth projections of the Japan crane market share
- Complete supply chain analysis
- Get a COVID-19 impact analysis of the market
Main suppliers
- Tadano
- Manitex International, Inc.
- Manitowoc
- SANY
- Kobelco construction machines (Japan)
- Konecranes
- Liebherr
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- Terex Company
- Cargotec
Other important suppliers
- American Crane & Equipment Corp. (ACE)
- Zoomlion Heavy industry
- Broderson Manufacturing Corp
- Belt cranes
- Kato works
Discover our industrial machinery profile to learn more about the industry.
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About Arizona:
Arizton Advisory and Intelligence is an innovation and quality-driven company providing cutting-edge research solutions to clients around the world. We excel in providing comprehensive market information reports and advisory and consulting services.
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