Japan's import of motorboats, other than outboard motorboats, is forecasted to grow steadily over the next five years from 2.3614 million kilograms in 2024 to 2.5251 million kilograms in 2028. In 2023, the volume stood at 2.3190 million kilograms. The year-on-year growth rates are expected to be approximately: 2024 (1.83%), 2025 (1.79%), 2026 (1.72%), 2027 (1.66%), and 2028 (1.60%). The Compound Annual Growth Rate (CAGR) over the last five years, from 2023 to 2028, is projected at around 1.72%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards outboard motorboats.
- Regulatory changes affecting the import of motorboats.
- Global economic factors influencing the luxury goods market.
- Technological advancements in motorboat design and efficiency.
