Japan Excavator Market Insights Forecasts to 2032

• The Japan Excavator Market Size was valued at USD XX Million in 2022.
• The Market Size is Growing at a CAGR of 4.6% from 2022 to 2032.
• The Japan Excavator Market Size is Expected to Reach USD XX Million by 2032.

The Japan Excavator Market Size is Expected to Reach USD XX Million by 2032, at a CAGR of 4.6% during the forecast period 2022 to 2032.

Market Overview

Crawler excavators, also known as track excavators, are large construction machines that are used for digging, grading, and demolition. They have a long arm and a digging bucket attached to a rotating platform on continuous tracks. Because of their high efficiency and productivity, crawler excavators are widely used in a variety of construction and mining applications. The growing demand for construction activities, as well as the expansion of the mining industry, are driving the crawler excavator market in Japan.

Report Coverage

This research report categorizes the market for Japan excavator market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan excavator market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan excavator market.

Driving Factors

Infrastructure development in the country is one of the key factors driving the Japan excavator market growth. Japan is well-known for its advanced infrastructure and ongoing efforts to improve it. As a result, excavators are in high demand in various construction projects across the country. Excavators are used extensively in the construction of new roads, bridges, tunnels, railways, and other transportation systems. Furthermore, excavators are essential components in these construction areas because they are used for tasks such as foundation digging, trenching, and earthmoving. Furthermore, the upkeep and expansion of existing infrastructure contribute significantly to the Japan excavator market growth. As a result, such factors are expected to drive Japan's excavator market during the forecast period.

Restraining Factors

High excavator prices are one of the major challenges hampering Japan's excavator market growth.  Hydraulic cylinders, diesel tanks, air ducts, protective covers, lamp holders, hydraulic oil reservoirs, and fenders are all components of excavators. Raw materials such as stainless steel, hardened steel, cast iron, aluminum, brass, bronze, and other metal alloys are required to manufacture these various parts.

Market Segment

• In 2022, the crawler excavators segment accounted for the largest revenue share over the forecast period.

Based on the type, Japan’s excavator market is segmented into crawler excavators, mini excavators, and wheeled excavators. Among these, the crawler excavator segment has the largest revenue share over the forecast period. The crawler excavator is one of the most commonly used excavator segments in Japan. The crawler excavator segment's primary functionality is digging and earthmoving tasks, and it is widely used in Japan's construction industry. Tracks, versatility, stability and balance, and digging power are all features of crawler excavation. Crawler excavators can move across a variety of surfaces, including muddy, sandy, or uneven terrain, owing to their tracks. Because of their powerful digging capabilities, crawler excavators are becoming more popular in the construction industry. As a result, such benefits are expected to drive the growth of this segment, which will drive the growth of the excavator market in Japan during the forecast period.

• In 2022, the More Than 45 segment accounted for the largest revenue share over the forecast period.

Based on vehicle weight, the Japan excavator market is segmented into less than 10, 11 to 45, and more than 45. Among these, the more than 45 segment has the largest revenue share over the forecast period. These powerful excavators, which weigh more than 45 metric tons, are capable of heavy-duty work. Heavy-duty excavators provide significant power for large-scale demolition or significant commercial construction projects. Large excavators are useful for transporting large amounts of soil for civil engineering projects or digging foundations for shopping malls or residential buildings. Large excavators are difficult to transport and store, but they can handle significant excavation tasks and are a long-term investment.

• In 2022, the construction segment accounted for the largest revenue share over the forecast period.

Based on applications, the Japan excavator market is segmented into construction, mining, and others. Among these, the construction segment has the largest revenue share over the forecast period. Excavators are heavy construction equipment that are commonly used in the construction industry for digging and earthmoving tasks. Excavators are used in various construction projects, including building construction, road construction, landscaping, mining, and more. This segment's growth is influenced by factors such as construction activity, infrastructure development, and economic conditions. As a result, such excavator applications are expected to drive excavator market growth in Japan during the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within Japan’s excavator market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Doosan Corp.
• Guangxi LiuGong Machinery Co. Ltd.
• HD Hyundai Co. Ltd.
• Hitachi Construction Machinery Co. Ltd.
• J C Bamford Excavators Ltd.
• KATO WORKS CO. LTD.
• Kawasaki Heavy Industries Ltd.
• Kobe Steel Ltd.
• Komatsu Ltd.
• Kubota Corp.
• Liebherr International Deutschland GmbH
• Marubeni Corp.
• Mitsubishi Heavy Industries Ltd.
• Sumitomo Heavy Industries Ltd.
• Sunward Intelligent Equipment Group
• Takeuchi Mfg. Co. Ltd.
• AB Volvo
• Yanmar Holdings Co. Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented Japan’s excavator market based on the below-mentioned segments:

Japan Excavator Market, By Type

• Crawler excavators
• Mini excavators
• Wheeled excavators

Japan Excavator Market, By Vehicle Weight

• less than 10
• 11 to 45
• More than 45

Japan Excavator Market, By Application

• Construction
• Mining
• Others