The Japan Construction Equipment Manufacturers Association (CEMA) held a press conference in Tokyo on February 21 to announce its construction machinery demand forecasts for fiscal 2023 (April 2023 – March 2024) and fiscal 2024 (April 2024 – March 2025). The forecasts were compiled based on a questionnaire survey conducted in January of this year among 62 regular members of the...
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The Japan Construction Equipment Manufacturers Association (CEMA) recently announced its construction equipment demand forecasts for fiscal 2020 and fiscal 2021. CEMA has forecasted the total value of domestic shipments for the first half of fiscal 2020 – hit by the spread of COVID-19 – at 431.1 billion yen ($4.07 billion), down 9 percent year-on-year. This figure includes a 15 percent...
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The Japan Construction Equipment Manufacturers Association (CEMA) has put together a demand forecast for construction equipment over fiscal 2019 and fiscal 2020. Looking first at domestic shipments for the first half of fiscal 2019, there is an expectation that figures will rise for all product types, with a particular increase for excavators. This then stands to bring a 10 percent...
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Driven by factors such as the U.S.–China trade war, China’s economic slowdown is becoming clearer as of late. And these trade tensions, as well as the related sense of deceleration in domestic Chinese conditions, are now having a visible impact on trade figures. Business conditions for electrical and electronic parts saw a negative trend through to the end of last...
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Japan’s construction equipment industry is expected to achieve healthy performance for fiscal 2018–2019, according to a demand forecast recently compiled by the Japan Construction Equipment Manufacturers Association (CEMA). This continues a trend from both fiscal 2017 and early fiscal 2018 wherein sluggish domestic demand has been offset by stronger demand overseas, leading to higher revenues on the whole. Alongside this...
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Business is expected to stay robust for the construction machinery industry, which is a major source of demand for high-pressure hoses. According to data recently released by the Japan Construction Equipment Manufacturers Association (CEMA), the shipment value of construction equipment is expected to rise 5 percent year-on-year for fiscal 2018, reaching a total of 2.4 trillion yen ($22.61 billion). Driven...
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