August 2023 Press Conference by CEMA Chairman (the 64th)

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 3, where the latest forecast was explained.

Venue

Keidanren Kaikan Hall (4th floor) and via Webex

Attended by

26 Members of the press (24 at the venue and 2 via Webex)

Contents

• For fiscal year 2023 (FY23), with a further growth both in domestic demand and exports, the full-year shipment value is expected to be JPY 3,192.1 billion (up 5% year-on-year) for the third straight year of increases.
• FY24 is also expected to see a solid growth both in domestic demand and exports and mark the fourth consecutive year of increases. With a further growth mainly in hydraulic excavators, the flagship products, the full-year shipment value for FY24 is expected to reach a record JPY 3,276.8 billion (up 3% year-on-year).

See the details below.