Based on the provided forecasts, the Machinery and Equipment retail sales in Japan exhibit a downward trend from 2024 through 2028, starting from 5.93 trillion Japanese Yens in 2024 down to 5.62 trillion Japanese Yens in 2028. This represents a consistent year-on-year decline over the forecast period.
The year-on-year variations in percentage are as follows:
- 2024-2025: -1.35%
- 2025-2026: -1.37%
- 2026-2027: -1.21%
- 2027-2028: -1.40%
Considering the Compound Annual Growth Rate (CAGR) from 2024 to 2028, the average annual variation is approximately -1.35%.
Based on the last two years' data and the current forecast, it is evident that the Machinery and Equipment retail industry in Japan is experiencing a gradual decline. Monitoring future trends is imperative, including technological advancements, shifts in industrial demand, and macroeconomic factors, which could impact market dynamics and potentially reverse or exacerbate the current downward trend.