The business enterprise R&D expenditure in the wholesale and retail trade; repair of motor vehicles and motorcycles in Japan was noteworthy in 2023, setting a foundation for future projections. From 2024 to 2028, the forecast suggests a robust growth trajectory with expenditure rising consistently. The year-on-year growth percentage is expected to accelerate steadily, reflecting a keen industry focus on innovation and development. The compound annual growth rate (CAGR) from 2024 to 2028 underscores a sustained investment drive, potentially doubling 2024 levels by 2028.

Future trends worth watching include:

Technological advancements in retail and automotive repairs driving increased R&D expenditure.
Potential impacts of economic policies and market dynamics on R&D investments.
Increasing focus on sustainable practices within the industry influencing R&D priorities.