Japanese Construction Equipment Market to Reach 156,791 Units by 2029 with Infrastructure Investment Surge - ResearchAndMarkets.com
The Japanese construction equipment market is expected to witness substantial growth, reaching approximately 156,791 units by 2029.
- The Japanese construction equipment market is expected to witness substantial growth, reaching approximately 156,791 units by 2029.
- In 2023, the earthmoving equipment segment, particularly excavators, has garnered the largest market share within the Japanese construction equipment market.
- The Japanese construction equipment market faces hurdles including a rapidly aging population leading to labor shortages and potential delays in construction activities.
- The Japanese construction equipment market is poised for growth in alignment with the country's increased focus on infrastructure enhancements and renewable energy projects.