crane market in japan 2015 2019
TRANSCRIPT
Covered in this Report• In this report, Technavio covers the present and future
market scenarios of the crane market in Japan for 2015-2019.
• The market size has been calculated based on unit sales of crane in Japan and excludes that generated from the sales of used equipment, contracts, and maintenance.
• The performance of the market has been presented on the basis of the CAGR derived from an analysis of present market conditions.
• Technavio's report, Crane Market in Japan 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
• It covers the market landscape and its growth prospects in the coming years.
Crane Market in Japan 2015-2019
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Market Overview• The crane market forms an integral part of the
construction equipment market and co-witnesses the market falls.
• There are broadly three types of cranes: mobile cranes, marine and port cranes, and fixed cranes.
• Cranes can be categorized as per their load lifting capacity, lift height, and outreach.
• The crane market in Japan grew by 22.8% year on year in 2014, driven by a rise in infrastructure construction.
• Also, Tokyo being the host of 2020 Olympics will result in revamping and renovation of the existing infrastructure and development of new ones, which will lead to the growth of crane market in the country.
• Technavio's analysts forecast the crane market in Japan to grow at a CAGR of 23.06% over the period 2014-2019.
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Key Vendors and Regions
• Hitachi Construction Machinery
• Kobelco Construction Machinery
• Komatsu
• Tadano
• Furukawa UNIC
• IHI Construction Machinery
• KATO Works
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• Japan
Vendors Regions
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Key Findings
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• Two of the factors that will influence the demand for cranes in Japan during the forecast period are an increase in private participation in infrastructure development and a long-term commitment by the government of Japan to improve infrastructure facilities.
• Further, demand for cranes will increase because of the upcoming Summer Olympic Games in 2020 in Tokyo.
• Reconstruction of roads and stadiums is presently underway in the country.
• However, the shrinking labor force is expected to affect the construction equipment market.
• Japan’s working-age population accounted for 61% of the total population in February 2015, compared to 62% in February 2014.
• This shortage of labor is leading to project delays and increasing construction costs.
Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Crane Market in Japan 2015-2019
50 Pages | SKU: IRTNTR6265
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