The history and future of the development of the Japanese construction machinery industry

The Japanese construction machinery industry started in the 1950s. At present, Japan has developed into the world's second largest construction machinery manufacturing power. The 1950s and 1970s was the fastest growing period for the Japanese construction machinery industry. This period is also the period after Japan's fastest economic development, the fastest increase in urbanization rate, the fastest growth in real estate development investment, and the fastest growth in all types of infrastructure construction investment after World War II.

(1) Japan’s economy grew fastest and the urbanization rate increased the fastest in the 1950s and 1970s.

After the Second World War, in the 1950s and 1970s, the Japanese economy continued its rapid growth for about 20 years, and the GDP growth rate averaged around 15%. These 20 years are also the fastest period of economic development after World War II in Japan. In the 20 years of sustained high-speed economic growth, Japan’s urbanization rate (urbanization rate = urban population/national total population) increased the fastest, from 30% in the early 1950s to 76% in the late 1970s. .

(II) Japan’s real estate development investment and infrastructure investment grew fastest in the past 20 years

Real estate is mainly divided into commercial real estate (such as hotels, commercial buildings, office buildings, factories, etc.) and residential (such as apartments, villas, etc.). The demand for commercial real estate is mainly determined by the activity of the macro economy; the demand for housing is mainly determined by the population growth of the town.

In the 1950s and 1970s, the rapid development of Japan's macro-economy drastically increased the demand for commercial real estate. During this period, commercial real estate development investment grew fastest. During the rapid increase of urbanization rate, a large number of people moved from rural to urban areas. The rapid increase in demand for housing in Japanese towns has led to a rapid increase in Japanese residential development investment, which is also the highest in this period.

The two totals made Japan's real estate development investment the highest growth rate in the past 20 years or so, with an average of around 20%.

It was also during this period that Japan had carried out large-scale infrastructure construction due to the needs of economic development. For example, in the railway sector, Japan built the famous high-speed railway, the Shinkansen (the first was completed in 1964). During this period, the Japanese government developed and implemented a series of infrastructure construction plans.

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