In 2023, the domestic tourism consumption of transport equipment rental services in Japan stood at a value of 326.5 billion Japanese Yens. From 2024 to 2028, the forecasted values exhibit a consistent upward trend. Specifically, the forecast for 2024 is 328.25 billion Yens, and it climbs yearly until it reaches 342.24 billion Yens in 2028.
The year-on-year percentage variations from 2024 onwards are as follows:
- 2024: 0.54%
- 2025: 1.09%
- 2026: 1.06%
- 2027: 1.04%
- 2028: 1.00%
The average annual growth rate (CAGR) over the last five years (2024-2028) is approximately 1.05%.
Future trends to watch for include potential technological advancements in transport rental services, changes in consumer behavior towards sustainable travel options, and policy shifts aimed at boosting domestic tourism. These factors could influence the growth trajectory in the coming years.
