The number of commercial vehicles in use in Japan is projected to decrease from 15.36 million units in 2024 to 14.94 million units in 2028. In 2023, the number of commercial vehicles was slightly higher, reflecting the onset of a gradual decline over subsequent years. The year-on-year percentage changes for 2025 to 2028 reveal a consistent downward trend, with a modest negative change annually. The compound annual growth rate (CAGR) over the five-year forecast period indicates a steady decline in commercial vehicle usage.
Future trends to watch for include advancements in transportation technology, shifts towards sustainable practices, and evolving regulations that may influence vehicle usage. Additionally, the increased adoption of electric and automated vehicles could further impact the market dynamics.
