Electro-Mechanical Tool Market Overview in Japan
In value terms, electro-mechanical tool production amounted to $ in 2018 estimated in export prices. Over the period under review, the total production indicated a noticeable expansion from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production increased by +% against 2009 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by % year-to-year. Electro-mechanical tool production peaked in 2018 and is expected to retain growth in the immediate term.
The size of the electro-mechanical tool market in Japan soared to $ in 2018, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.