The forecast for road passenger transport in Japan from 2024 to 2028 shows a steady increase in billion passenger kilometers: 919.6 in 2024, 921.19 in 2025, 922.74 in 2026, 924.26 in 2027, and 925.75 in 2028. This represents a year-on-year growth of approximately 0.17% to 0.21%. The actual value in 2023 stood at 918.12 billion passenger kilometers, indicating a consistent yet moderate growth pattern.
- Year-on-Year Variation (2025): approximately 0.17%.
- Year-on-Year Variation (2026): approximately 0.17%.
- Year-on-Year Variation (2027): approximately 0.16%.
- Year-on-Year Variation (2028): approximately 0.16%.
The Compound Annual Growth Rate (CAGR) for the forecasted period (2024-2028) averages around 0.17%, suggesting a stable but low-growth scenario for road passenger transport in Japan.
Future trends to watch for include the impact of technological advancements in autonomous vehicles, increasing investments in electric vehicle infrastructure, demographic shifts such as an aging population, and policy changes aimed at reducing carbon emissions which could affect growth rates in the longer term.
