August 2022 Press Conference by CEMA Chairman (the 62nd)

CEMA publishes its demand forecast in February and August every year, including the shipment value of construction equipment.
Here is a summary of the Chairman’s regular Press Conference held on August 25, where the latest forecast was explained.

Venue

Keidanren Kaikan Hall (4th floor) and via Webex

Attended by

21 people at Keidanren Kaikan and 7 people via Webex

Contents

• For FY2022, the domestic demand will remain solid with further increases in export, and the total shipment value for FY2022 is expected to reach JPY 2,619.4 billion (up 3% year-on-year).
• For FY2023, the domestic demand will grow slightly with exports remaining solid, and the FY will likely mark the third consecutive year of increases. With a further growth mainly in hydraulic excavators, the flagship products, the total shipment value for FY2023 is expected to reach JPY 2,716.5 billion (up 4% year-on-year).

See the details below.