Excavator Market in Japan 2017-2021.pdf

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Global Excavator Market Size, Share,
Analysis, Industry Growth and Forecast
Research Report 2016-2020 Market Reports
Center
Technavio Announces the Publication of its Research Report Excavator Market in Japan 2017-2021
Technavio recognizes the following companies as the key players in the excavator market in Japan:
Hitachi Construction Machinery, Kobelco Construction Machinery, and Komatsu.
Commenting on the report, an analyst from Technavios team said: “ One of latest trends in the
market is high demand for remote monitoring systems in excavators. Manufacturers are incorporating
Global Positioning System (GPS) and other satellite remote monitoring systems in excavators to
monitor the performance and efficiency of equipment outside of the construction site. Operators can
track multiple machines from any location and guide them to perform tasks such as accelerating,
steering, braking, and avoiding obstacles. The remote monitoring system helps the excavator owners
such as construction companies and contractors to monitor machine location via GPS, machine
history, current machine hours, machine idle time, maintenance information, and alarm fault
history.”
According to the report, one of the primary drivers in the market is large-scale infrastructure
development. Japan is set to host the Olympic Games in Tokyo in 2020. This has resulted in a rise in
large-scale construction activities in the country, which includes construction and improvement of
Olympic stadiums, arenas, integrated sports complexes, transit systems, and modernization of
airports. The cost of these construction activities is expected to be $6 billion. The Japanese
government is planning to combine legacy buildings with new facilities to house athletes and host
events, as also specified under the Tokyo Vision 2020. The Tokyo Vision 2020 is a long-term
infrastructure development program implemented by the Government of Japan in 2015.
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Further, the report states that one major challenge in the market is assurance of customer
satisfaction. Construction companies in Japan are working toward improving their cost-effectiveness.
Ever since the economic slowdown of 2011-2012, construction companies and contractors in Japan are
focusing on the utility of the equipment procured. In addition, construction companies in Japan tend
to procure their equipment based on the scope of the work assigned to them. They prefer customized
equipment that suits their work profile to minimize machine idle time and make the most out of their
investment. Therefore, equipment manufacturers in Japan need to address the needs of customers by
providing them with customization options. However, most of the established vendors in the market
do not provide an option for customizing equipment, which leads to customer dissatisfaction, in turn,
affecting the sales.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market
and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Excavator
Excavators are used to excavate, discharge, and elevate materials with the help of a bucket fitted to
the boom. These are self-propelled machines that move using crawlers or wheels. These heavy
construction machineries are highly versatile and can be used for above and below ground-level
operations. Some of the main applications of excavators include leveling, trench digging, and well
sinking.
Technavios analysts forecast the excavator market in Japan to grow at a CAGR of 17.87% during the
period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the excavator market in Japan for
2017-2021. To calculate the market size, the report considers the revenue generated from sales of
excavators and the number of units produced by the leading vendors like Hitachi Construction
Machinery, Komatsu, and Kobelco Construction Machinery.
Technavio's report, Excavator Market in Japan 2017-2021, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors
• Hitachi Construction Machinery
• Kobelco Construction Machinery
• Komatsu
Market driver
• Development of healthcare facilities and disaster prevention projects.
• For a full, detailed list, view our report
Market challenge
• Stringent emission control regulations.
• For a full, detailed list, view our report
Market trend
• High demand for remote monitoring systems in excavators.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table of content: https://marketreportscenter.com/reports/470037/excavator-market-in-
japan-2017-2021#toc