demand forecast

Japan Belting Industry Association Releases Demand Forecast for 2024 and 2025

The Japan Belting Industry Association has released its demand forecasts for rubber and plastic belts for the years 2024 and 2025. According to the report, rubber belt production in 2024 is expected to be 17,651 tons, down 9% from the previous year, and rubber belt demand in 2025 is forecast to be 17,402 tons, down 1% from the previous year....

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JATMA Publishes Demand Forecast for Automobile Tires in 2024 and 2025

The Japan Automobile Tire Manufacturers Association (JATMA) has announced its forecast for Japanese domestic demand for automobile tires in 2024 and 2025. According to the report, total demand in 2024 is expected to be 102,768,000 tires, down 4% from 2023, as demand for all tire types for new vehicles, replacement tires, and motorcycles are seen to be lower than in...

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Rubber Hose Demand Forecast: No Significant Upturn in Sight

The Japan Rubber Hose Manufacturers Association has released its demand forecasts for rubber hoses for 2024 and 2025. According to the forecast, 2024 demand for automotive hoses, which account for 70% of the total, will stagnate due to the suspension of production and shipments following the certification fraud scandal involving some automakers. In 2025, demand for automotive hoses is expected...

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Construction Equipment Demand Forecast for 2023

The Japan Construction Equipment Manufacturers Association (CEMA) recently announced its forecast for construction machinery demand in fiscal 2023 (April 2023-March 2024), with shipments expected to reach a record 3.05 trillion yen ($23.14 billion), up 341.5 billion yen from the previous forecast announced in August 2022. This would be the first time for the value of shipments to exceed 3 trillion...

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