Global Japan Crane Market Size To Grow USD 20.6 Billion By 2030 | CAGR 3.27%Category: Machinery & Equipment
Japan Crane Market Insights Forecasts to 2030
The Japan Crane Market Size is expected to be worth USD 20.6 billion and have a volume of 14672 units by 2030, with a compound annual growth rate (CAGR) of 3.27% by volume between 2021 and 2030. Japan is the world's largest exporter of construction machinery. Japanese automakers have an extensive dealer network all over the world.
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Browse key industry insights spread across 201 pages with 114 market data tables and figures & charts from the report “Japan Crane Market Size, Share, and COVID-19 Impact Analysis, By Type (Mobile Crane, Fixed Crane, Marine, Off-shore Crane, Others), By Power (Up to 5MT, 5 to 50 MT, 50 to 250 MT, 250 to 500 MT, 500 to 1500 MT, 1500 to 3000 MT), By Application (Construction, Mining, Marine, Offshore, Utility, Manufacturing, Transport, Shipping, Oil & Gas/Energy, Industrial Applications, Others) and Japan Crane Market Insights Forecasts to 2030“ in detail along with the table of contents. https://www.sphericalinsights.com/reports/japan-crane-market
Cranes are the machinery used to move loads horizontally. It is usually used to lift and move heavy objects. To support raising or lowering big freight, it is equipped with wire ropes, sheaves, and hoist ropes. The need for cranes in Japan will rise as the mining sector expands and infrastructure investment increases.
The growing demand from the construction industry is driving growth in Japan's crane industry. Improved designs and strong load-lifting capacities are projected to be advantageous for a variety of industries, including complex manufacturing, telecommunications sites, and shipbuilding. The demand for specialized autonomous cranes will rise as construction technology develops. The majority of high-end infrastructure and urban development projects are what drive the need for mobile cranes.
Crane maintenance and service costs are extremely high due to the high cost of replacement parts and the region's lack of service facilities. Furthermore, high initial investments are discouraging manufacturers and end-users from purchasing this equipment. Additionally, Japan's crane market growth is expected to be hampered by high investment costs and a lack of safety measures.
Japan had a tremendous impact on the crane business during the COVID-19 pandemic. Early on, severe lockdowns, a manpower shortage, and delays in industrial activities impeded business progress. Due to movement constraints, numerous construction and transportation operations and projects were suspended.
The mobile crane segment is witnessing a higher growth rate over the forecast period.
Based on type, the Japan Crane Market is segmented into mobile cranes, fixed cranes, marine, off-shore cranes, and others. Among these, the mobile crane segment is witnessing a higher growth rate over the forecast period. The mobile crane market is divided into all-terrain cranes, rough-terrain cranes, crawler cranes, truck-mounted cranes, and other mobile cranes. All-terrain cranes are designed to operate in a variety of weather conditions. All-terrain cranes are expected to gain significant traction in Japan due to the country's expanding industrial sector and growing construction industry.
The 1500 to 3000 MT segment is witnessing significant CAGR growth over the forecast period.
On the basis of power, the Japan Crane market is segmented into less than Up to 5MT, 5 to 50 MT, 50 to 250 MT, 250 to 500 MT, 500 to 1500 MT, and 1500 to 3000 MT. Among these, the 1500 to 3000 MT segment is witnessing significant CAGR growth over the forecast period. This capacity mobile crane is required for performing complex tasks in a variety of industries, particularly construction. They are also used in the railway and transportation industries for accident recovery and maintenance.
The construction segment is dominating the market with the largest market share of 60% over the forecast period.
Based on application, the Japan Crane market is segmented into construction, mining, marine, offshore, utility, manufacturing, transport, shipping, oil & gas/energy, industrial applications, and others. Among these, the construction segment dominates the market with the largest market share of 60% over the forecast period owing to the increasing demand for fixed cranes. Because they are anchored to the ground, these structures have excellent stability and a high load capacity at greater heights.
List of Key Companies
Tadano, Kobelco Construction Machinery Japan Co., Ltd., Toyo Hoist Co. Ltd., Komatsu Ltd., Tokyo Julki Co. ltd., Ohya Corporation, Manitex International, Inc., Manitowoc, SANY, Konecranes, Liebherr, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Terex Corporation, Cargotec, and many others.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
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