Japan: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Japan

The Japanese mounting lifting equipment market declined to $X in 2021, with a decrease of -6.6% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Mounting Lifting Equipment Production in Japan

In value terms, mounting lifting equipment production fell to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Mounting Lifting Equipment Exports

Exports from Japan

In 2021, after four years of decline, there was significant growth in overseas shipments of lifting equipment designed for mounting on road vehicles, when their volume increased by 26% to X units. Over the period under review, exports, however, continue to indicate a deep slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mounting lifting equipment exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X units), Russia (X units) and Thailand (X units) were the main destinations of mounting lifting equipment exports from Japan, together comprising 67% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +31.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Russia ($X) and Thailand ($X) appeared to be the largest markets for mounting lifting equipment exported from Japan worldwide, together comprising 67% of total exports.

Vietnam, with a CAGR of +35.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2014 an increase of 14%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Indonesia ($X per unit) and the Philippines ($X per unit), while the average price for exports to Vietnam ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into Japan

In 2021, overseas purchases of lifting equipment designed for mounting on road vehicles decreased by -1.8% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2014 with an increase of 81%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, mounting lifting equipment imports fell to $X in 2021. Overall, imports saw a mild decline. The most prominent rate of growth was recorded in 2014 when imports increased by 100%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X units), Austria (X units) and the United States (X units) were the main suppliers of mounting lifting equipment imports to Japan, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +39.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mounting lifting equipment suppliers to Japan were Poland ($X), Austria ($X) and the United States ($X), together accounting for 92% of total imports.

Among the main suppliers, Poland, with a CAGR of +41.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average mounting lifting equipment import price amounted to $X per unit, which is down by -2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2019 an increase of 12%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($X per unit) and Slovenia ($X per unit), while the price for Poland ($X per unit) and Austria ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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