The forecast for self-employed individuals in Japan's wholesale, retail, and repair of motor vehicles and motorcycles sector indicates a gradual decline from 2024 to 2028, starting at 790,000 units in 2024 and dropping to 705,000 by 2028. This reflects a consistent downward trend, with a year-on-year decrease averaging roughly 3% annually. The cumulative effect over this period is captured by a compound annual growth rate (CAGR) showing an average annual decline of approximately 2.3% over the five years.
Future trends to watch include potential impacts from technology-driven efficiencies, shifts in consumer behavior towards electric and sustainable mobility solutions, and regulatory changes affecting market dynamics and entry barriers for self-employed operators in the sector.
