The Japan Construction Equipment Manufacturers Association (CEMA) recently released its construction machinery demand forecasts for fiscal 2024 (April 2023-March 2024) and fiscal 2025 (April 2024-March 2025). The forecasts are based on a survey conducted in July among 61 regular members of the association. According to the survey, Japanese domestic shipments in fiscal 2024 are expected to slightly decline for the…
