- The key vendors in the earthmoving equipment market in Japan 2015-2019 are Doosan Corporation (Doosan Heavy Industries & Construction), Hitachi Construction Machinery, Kobelco Construction Machinery Co and Komatsu Ltd
London, 28 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the earthmoving equipment market in Japan 2015-2019. Growth in equipment financing and rental business is one of the major trends emerging in the market. Construction firms prefer to rent equipment as they are reluctant to invest in new equipment because of macroeconomic uncertainties. The earthmoving equipment market in Japan is expected to grow at a CAGR of 12.16% during the forecast period of 2014-2019.
The market growth is led by investments in various reconstruction and maintenance projects in the country such as road, sewage infrastructure, and public buildings. Also, a rise in building construction both in the residential and non-residential sectors is expected to propel demand for construction equipment.
“Construction equipment manufacturers in Japan are focusing on developing energy-efficient technologies,” says Faisal Ghaus, Vice President of Technavio Research.
“Vendors have to strictly abide by the emission standards laid down by the government. Therefore, vendors are manufacturing fuel-efficient equipment that is environmentally friendly.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
