Affected by the new crown epidemic, the Japanese construction machinery market "ups and downs" in the first half of 2020. According to the latest statistics released by the Japan Construction Equipment Manufacturers Association (CEMA), the total sales of construction machinery in Japan in June 2020 was 177.5 billion yen (about 11.71 billion yuan), a year-on-year decrease of 23.3%. This is since 2019 Since October, Japanese construction machinery has continued to maintain a year-on-year decline for the 9th month.
Looking at the first half of 2020 as a whole, March is the month with the highest domestic sales of Japanese construction machinery. February, March, and April were basically the same as the same period in 2019, and January, May and June were down year-on-year. Among them, domestic sales fell the most in May, -15.7% year-on-year. Japan’s domestic sales in June were 80.5 billion yen (approximately 5.3 billion yuan), a year-on-year decrease of 0.3%, and the month-on-month decline was significantly narrower.
Judging from the sales of 10 different models and parts, in the first half of 2020, road machinery in the Japanese domestic market not only became the product with the highest year-on-year growth rate with a year-on-year growth rate of 28.7%. In the market performance of the first two quarters of 2020, They were also the products with the highest year-on-year growth (30.3% in the first quarter; 26.3% in the second quarter). The hydraulic excavator became the best domestic sales model in Japan in the first half of 2020 with 137.4 billion yen (approximately 9.03 billion yuan), and sales in the first half of the year increased by 0.6% year-on-year. In the first half of the year, domestic sales of parts and components increased by 5% year-on-year. Except for excavators, road machinery and parts, the sales of the remaining six types of models all declined to varying degrees.
In the export market, the export value of Japanese construction machinery in June 2020 was 97 billion yen (about 6.4 billion yuan), a year-on-year decrease of 35.6%, and it has shown a downward trend for 11 consecutive months.
As one of the most severely infected countries this year, Japan has been hit hard in many ways. It was originally expected that the situation would return to normal after the 39 prefectures were lifted in May. However, they encountered a new round of shocks in late July. The rebound of the epidemic will hinder economic development to a certain extent. At the same time, the Japanese construction machinery market, which has been affected by the epidemic in the first half of this year, has not performed well in the first half of this year, can be described as worse.
