August 2024 Press Conference by CEMA Chairman (the 66th)

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 9, where the latest forecast was explained.

Venue

Keidanren Kaikan Hall (4th floor)

Attended by

24 Members of the press

Contents

• For FY24, with a slight decline in the domestic demand and the exports taking a downward turn, the full-year shipment value is expected to be JPY 3,161.0 billion (down 5% year-on-year), marking the first decline in four years.
• FY25 is expected to see the domestic demand continue to be flat while the exports gradually recover, and mark the first increase in two years. With a recovery mainly in hydraulic excavators, the flagship products, the full-year shipment value for FY25 is expected to be JPY 3,203.3 billion (up 1% year-on-year).

See the details below.