Japan: Market for Lifts, Elevators, Moving Stairways and Draglines 2025

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Japan

The Japanese market for lifts, elevators, moving stairways and draglines reduced to $X in 2022, declining by -7.1% against the previous year. In general, consumption continues to indicate a mild setback. Lift, elevator, stairway and dragline consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Lifts, Elevators, Moving Stairways and Draglines in Japan

In value terms, lift, elevator, stairway and dragline production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 30% against the previous year. Lift, elevator, stairway and dragline production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Japan

Lift, elevator, stairway and dragline exports from Japan contracted to X units in 2022, with a decrease of -12.1% compared with 2021 figures. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 30%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lift, elevator, stairway and dragline exports expanded sharply to $X in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Hong Kong SAR (X units) were the main destinations of lift, elevator, stairway and dragline exports from Japan, together accounting for 58% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +13.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Hong Kong SAR ($X) appeared to be the largest markets for lift, elevator, stairway and dragline exported from Japan worldwide, together accounting for 59% of total exports.

The United States, with a CAGR of +10.7%, 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

In 2022, the average export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, growing by 22% against the previous year. In general, the export price, however, saw a noticeable slump. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per unit) and Indonesia ($X per unit), while the average price for exports to the Philippines ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Japan

In 2022, approx. X units of lifts, elevators, moving stairways and draglines were imported into Japan; picking up by 7.1% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 35%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lift, elevator, stairway and dragline imports shrank to $X in 2022. In general, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and South Korea (X units) were the main suppliers of lift, elevator, stairway and dragline imports to Japan, together comprising 67% of total imports. Sweden, Finland, the Netherlands, Germany, the United States, Thailand and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lift, elevator, stairway and dragline suppliers to Japan were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together comprising 64% of total imports.

In terms of the main suppliers, China, with a CAGR of +10.7%, saw the highest rates of growth with regard to 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

The average import price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, with a decrease of -12.3% against the previous year. Overall, the import price recorded a mild curtailment. The pace of growth was the most pronounced in 2021 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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