Key Market Indicators
Japanese road traffic volume is projected to decline from 667 billion vehicle-kilometers in 2023 to approximately 621 billion vehicle-kilometers by 2028. This represents an annual decrease of 1.1%. Since 1999, Japan's road traffic volume has consistently fallen, with a yearly reduction rate of 2.2%. As of 2023, Japan ranked second in road traffic volume globally. The United States led the ranking with the same volume as Japan, at 667 billion vehicle-kilometers. Following Japan, the United Kingdom and the Netherlands held the third and fourth positions, respectively, in the global road traffic volume ranking for 2023.
