Japan Crane Market (2020-2026) | Companies, Revenue, Industry, Analysis, Share, COVID-19 IMPACT, Size, Trends, Forecast, Value, Growth & Outlook

Market Forecast By Types (Mobile Crane, Fixed Crane, Marine and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction) and Competitive Landscape

Product Code: ETC002225	Publication Date: May 2023	Updated Date: Aug 2023	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Japan Crane Market Shipment Analysis

Japan Crane Market registered a decline of -56.54% in value shipments in 2022 as compared to 2021 and a decrease of -7.31% CAGR in 2022 over a period of 2017. In Crane Market Japan is becoming less competitive as HHI index in 2022 was 2522 while in 2017 it was 1972. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.

Japan has reportedly relied more on domestic production to meet its growing demand in Crane Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Crane Market in 2022 was 0.01 while in 2017 it was 0.04. China, South Korea, Germany, United Kingdom (UK) and Italy were among the top players of the market in 2022, where China acquired the largest market share of 41.87% with a shipment value of 2.42 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 Other Asia, nes had the largest market share of 30.8% with the shipment value of 6.46 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Other Asia, nes offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Japan Crane Market in 2017.

Japan crane market is likely to witness tremendous growth as a result of rising infrastructure development activities, an increasing number of residential and commercial projects as well as huge investment in the construction and real estate sector in the country over the past few years. However, Japan economy has witnessed a slowdown in the first three quarters of 2020, due to the outbreak of the COVID-19 pandemic. Though the economic scenario in Japan is expected to recover steadily in the next few years, the crane market in Japan is also likely to recover gradually over the years to come.

According to 6Wresearch, the Japan Crane Market size is likely to witness growth during 2020-2026. This growth is primarily attributed to increasing government focus on residential construction projects due to increasing urbanization along with construction and modernization of infrastructures such as airports, railways, metros, commercial complexes, and stadium on account of the upcoming Tokyo Olympics 2020 (which was canceled due to the outbreak of the COVID-19 pandemic).

In terms of crane type, the mobile crane dominates the overall Japan crane market due to rising construction projects in the country. Additionally, the industrial and commercial application is the key revenue-generating segment in the Japan crane market. Further, the demand for mobile cranes is rising as a result of the rising housing construction projects in the country.

The Japan crane market report thoroughly covers the market by types, applications, and regions. Japan's crane market outlook report provides an unbiased and detailed analysis of the ongoing Japan crane market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

Japan crane market is anticipated to register sound revenue during the forecast at the period 2020-26F on the back of the increase in the scope of application across all major verticals including the automotive and construction sector in the country. Further, the EXIM sector is estimated to generate high sales revenues in the coming timeframe on the back of the rise in the growth of the eCommerce platforms and the top B2C e-commerce marketplace are Rakuten, Amazon, and Yahoo. The emerging EXIM industry is estimated to proliferate the crane deployment and is expected to boost the potential growth of the crane market in the country in the coming timeframe.

Key Highlights of the Report:

Japan Crane Market Overview
Japan Crane Market Outlook
Japan Crane Market Forecast
Historical Data of Japan Crane Market Revenues & Volume for the Period 2016-2019.
Japan Crane Market Size and Japan Crane Market Forecast of Revenues and Volume, Until 2026.
Historical Data of Japan Crane Market Revenues and Volume, By Applications, for the Period 2016-2019
Market Size & Forecast of Japan Crane Market Revenues and Volume, By Applications, Until 2026
Historical Data of Japan Crane Market Revenues and Volume, By Types, for the Period 2016-2019
Market Size & Forecast of Japan Crane Market Revenues and Volume, By Types, Until 2026
Historical Data of Japan Crane Market Revenues and Volume, By Regions, for the Period 2016-2019
Market Size & Forecast of Japan Crane Market Revenues and Volume, By Regions, Until 2026
Market Drivers and Restraints
Japan Crane Market Trends and Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Japan Crane Market Share, By Players
Japan Crane Market Share, By Regions
Japan Crane Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations