The forecasted household expenditure on materials for repairs and maintenance in Japan indicates a gradual decline from 2024 to 2028. Starting from 3.39 thousand yen in 2024, the expenditure decreases yearly by a consistent margin, reaching 3.14 thousand yen by 2028. In 2023, the expenditure stood at 3.45 thousand yen. The year-on-year variations have shown a slight negative trend of approximately -2% each year over the past two years. The compounded annual growth rate (CAGR) over the last five years reflects an average annual decrease of around -1.75%.
Future trends to watch for include potential changes in the economic environment, shifts in household income, and technological advancements in repair and maintenance materials, which could impact these expenditure patterns. Additionally, demographic changes, such as the aging population in Japan, may influence the demand for such materials.
