The market is dominated by domestic suppliers, as imports account for 24.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 96.7% of total demand in 2022. Japan has the third largest market size for industrial and laboratory furnaces regionally, with demand reaching USD1.4 billion in 2022. Koyo Thermo Systems Co Ltd is the largest company in Japan, generating 9.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 30.4% of total production value in 2022. The total number of companies increases in 2022, to 469 units. The costs of the industry decrease by 14.5% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 3.4% of production value in 2022, the 18th highest regionally. The industry’s exports share decreases in 2022 to 32.8% of total production output. With production value of USD1.3 billion, Japan accounts for 15.3% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Japan: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Japan: ISIC 2914 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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