The Japanese market for road passenger transport accommodating 10-29 persons shows a steady upward trajectory with forecasts from 2024 to 2028 predicting consistent year-on-year growth, ranging from 0.83% to 0.77%. In 2023, the industry achieved sales just below 333 billion Japanese Yens, marking continued growth in the sector.
Over this five-year forecast period, the Compound Annual Growth Rate (CAGR) is approximately 0.77%, indicating a stable yet modest growth pace in this niche transport segment.
Future trends to watch for include potential impacts of technological advancements such as electric and autonomous vehicles, government policies favoring environmentally friendly transport, and evolving consumer preferences that may influence the demand for shared passenger transport services.
