More than 50k Units of Used Construction Equipment to be Sold in Japan by 2029, Surge in increased Financing Boosting the Growth – Arizton — Yahoo Finance

CHICAGO , Jan. 13, 2023 /PRNewswire/ — According to Arizton’s latest research report, the particular Japan used construction equipment market   is estimated to witness the sale of around 50, 455 units by 2029. Investment is planned for redevelopment & urban planning in Tokyo city in 2022. The government is also investing in redevelopment projects in western Japan’s Kansai and Kinki areas. In 2022, the government announced a ~USD 407 billion stimulus package to offset rising fuel and grain prices caused by the war in Ukraine . The government has also planned to invest USD 113. 9 billion till 2030 for the development of renewable energy industry. USD 33. 5 billion dollars in funds are allocated for the particular decarbonization of power sources, and investment is also planned for decarbonization in the manufacturing industry plus research & progress the renewable energy business. Such growth enablers simply by the country’s government have played a key role within supporting Asia used building equipment marketplace growth.

Japan Used Construction Equipment Market

Growth in e-commerce and logistics industries in Asia prompts the particular demand with regard to warehouses. Logistics companies are investing over $6 billion in expanding their centers across Japan . In accordance to the ministry associated with economy, trade & market, the logistics industry will be expected to grow on average of 8% regarding the next five years. Some major logistics projects are Logiport Nagoya, Kobe Nagata strategies center & LF Nara facilities within the Ikoma region. Hence, development in logistics & e-commerce industries expect to have positive impact on the demand for used forklifts & telescopic handlers in Asia . By 2029, utilized forklift plus telescopic handlers segment value in The japanese is approximated to reach $169. 3 million .

Marketplace Size and Forecast are usually Projected inside:

  • Value ($ Billion)

  • Volume (Units)

Japan Utilized Construction Gear Market Report Scope

Report Attributes

Details

Market Size (2029)

USD 1 BILLION

Marketplace Size (2022)

UNITED STATES DOLLAR 814. 6 MILLION

CAGR (2022-2029)

2. 97  %

Market Size (Volume)

fifty, 455 Models (2029)

Historic Year

2020-2021

Base Year

2022

Forecast 12 months

2023-2029

Type

Earthmoving Equipment, Road Construction Products, and Material Handling Tools

End-Users

Building, Manufacturing, Mining, and Others

Key Vendors

Key Suppliers: Caterpillar, Komatsu, Volvo Structure Equipment, Hitachi Construction Machinery, Kubota, Sumitomo Heavy Industries, Kobelco, SANY, Liebherr, AND Hyundai Design Machinery

Other Prominent Vendors: Yanmar, Takeuchi Manufacturing, Tadano, plus Toyota Materials Handling

Auctioneers Profile: Ritchie Bros. Auctioneers, NORI Enterprise Co, Ltd, Hitachi Construction Equipment, TOZAI BOEKI CO. LTD, and YANAGAWA SHOJI Company LTD.

Distributors Profiles: WWB KENKI, Chukyo Juki Ltd, and Tokuworld Corporation Corp

Page Number

118

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Key Highlights

  • The particular Earthmoving segment has the largest share associated with Japan used construction equipment market. The excavators held the largest share in the earthmoving segment in 2022.

  • Inside 2021, the country’s government planned in order to invest USD 708 billion dollars in economic recovery. The particular investment is usually directed at the development of public infrastructure & digital technology. Investment is also prepared for Expo 2025 within the Osaka area of the particular country. The government is investing within alternative energy tasks to reduce carbon emissions by 46% simply by 2030.

  • Japan is definitely facing the challenge of aging infrastructure. More than 50% associated with roads, bridges & tunnels will be older than 50 years by 2033. Therefore , the authorities increases its focus on repairing and maintaining roadways, highways & links. The rise in repair and redevelopment is likely to drive sales of utilized earthmoving gear in Japan used structure equipment market.

  • Growth in the logistics sector due to the growing demand intended for goods within the global plus domestics marketplace supports the particular demand to get used forklifts & telehandlers in Japan used design equipment market. The state’s export witnessed a sharp rise of 21. 5% in 2021. Moreover, it is anticipated that using robotics & automation in the manufacturing industry will temporarily solve the labor shortage issue— and it is estimated that the industry will witness a 2. 4% growth inside output in 2022.

  • The country witnessed the surge in warehouse space across the particular country inside 2021. The particular country’s E-commerce and strategies industry growth triggers the demand pertaining to large warehouse spaces in major cities. Growth within the logistics & E-commerce industry is anticipated to positively impact the need for used forklifts & telescopic handlers in Asia used construction equipment marketplace.

  • The requirement for new generation utilized excavators with ICT and remote monitoring technology will be gaining market share within Japan . Skilled labor shortage & rising accident cases in construction sites prompt the use of automated used construction products in Land der aufgehenden sonne (umgangssprachlich) .

  • In 2021, demand for utilized forklifts observed high development in Japan used building equipment market due in order to the rise in the E-Commerce sector. Used hydraulic excavators are used for disaster management projects in the particular country. Within 2022, Hitachi Construction Machinery Japan signed 83 catastrophe agreements along with local municipalities to provide equipment meant for disaster response & recovery in Asia .

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Key Vendors

  • Caterpillar

  • Komatsu

  • Volvo Construction Devices

  • Hitachi Construction Machinery

  • Kubota

  • Sumitomo Heavy Industries

  • Kobelco

  • SANY

  • Liebherr

  • Hyundai Building Machinery

Other Notable Vendors

  • Yanmar

  • Takeuchi Manufacturing

  • Tadano

  • Toyota Material Handling

Auctioneers User profile

Distributors Information

Marketplace Segmentation

Type

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We offer comprehensive market study reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I. T. and media, logistics, and packaging. These reviews contain detailed industry analysis, market size, share, growth drivers, plus trend forecasts.

Arizton comprises a team associated with exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist experts possess exemplary skills inside market research. All of us train our own team in advanced analysis practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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SOURCE Arizton Advisory & Intelligence