In 2023, Japan produced 4.54 thousand buses and coaches. Forecast data indicates a declining trend, with production expected at 4.14 thousand in 2024, 3.7 thousand in 2025, 3.27 thousand in 2026, 2.84 thousand in 2027, and 2.42 thousand in 2028. This represents a year-on-year decline of approximately 9% from 2023 to 2024, 10.6% from 2024 to 2025, 11.6% from 2025 to 2026, and 13.1% from 2026 to 2027, followed by a 14.8% decrease from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is negative.

Future trends to watch for:

Technological advancements in electric and autonomous buses impacting production volumes.
Government policies on public transport and environmental regulations.
Global economic conditions affecting automotive industry investments.