Earthmoving Equipment Market in Japan 2015-2019
About Earthmoving Equipment market in Japan
Earthmoving equipment refers to heavy equipment used in the construction industry to move large amounts of earth, dig foundations for buildings, and landscape areas. The various types of earthmoving equipment include construction tractors, excavators, and loaders. The earthmoving equipment market is one of the major segments in the construction equipment market.
Technavio's analysts forecast the earthmoving equipment market in Japan to grow at a CAGR of 12.16% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the earthmoving equipment market in Japan for the period 2015-2019. The market size has been calculated based on the total revenue generated from earthmoving equipment in Japan. It does not consider the sale of used equipment or the revenue generated from contracts and maintenance. It presents a detailed analysis of key vendors in the market and also presents the share of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio Announces the Publication of its Research Report – Earthmoving Equipment Market in Japan 2015-2019
Technavio recognizes the following companies as the key players in the earthmoving equipment market in Japan: Doosan Heavy Industries & Construction, Hitachi Construction Machinery, Kobelco Construction Machinery and Komatsu
Other Prominent Vendors in the market are: Caterpillar, JCB and Volvo
Commenting on the report, an analyst from Technavio’s team said: “Construction equipment manufacturers in Japan are focusing on developing energy-efficient technologies. Moreover, vendors have to strictly abide by the emission standards laid down by the government. Therefore, vendors are manufacturing fuel-efficient equipment that is environmentally friendly. For instance, in 2011 Komatsu developed a diesel particulate filter, an after-treatment system to reduce emissions, which reduced fuel consumption. Yanmar, a leading construction equipment manufacturer in Japan, has developed a new mini excavator that is eco-friendly and consumes less fuel.”
According to the report, according to the GCI 2014-2015, Japan was ranked ninth among 144 countries in terms of the quality of its overall infrastructure. However, most of its infrastructure is more than a couple of decades old. Thus, the majority of buildings, roads, highways, and tunnels are outdated. Massive investments are being made to improve this aging infrastructure. This is expected to lead to reconstruction activity on a large scale, which will result in demand for earthmoving equipment, including excavators.
Further, the report states that Japan is facing an acute shortage of labor because of its aging population. This is not only curtailing the growth of the construction industry but also that of the construction equipment market.
Doosan Heavy Industries & Construction, Hitachi Construction Machinery, Kobelco Construction Machinery, Komatsu, Caterpillar, JCB,Volvo