The market is dominated by domestic suppliers, as imports account for 6.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 100% of total demand in 2022. Japan has the third largest market size for agricultural and forestry machinery regionally, with demand reaching USD10.7 billion in 2022. Kubota Corp is the largest company in Japan, generating 39.9% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 82.0% of total production value in 2022. The total number of companies decreases in 2022, to 2,194 units. The costs of the industry decrease by 18.6% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 11.8% of production value in 2022, the ninth highest regionally. The industry’s exports share increases in 2022 to 6.3% of total production output. With production value of USD7.7 billion, Japan accounts for 8.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Japan: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Japan: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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