In 2023, the number of self-employed persons in textiles and wearing apparel in Japan stood at 61,000. Forecasts indicate a significant decline, with numbers dropping to 54,000 in 2024 and further decreasing annually to 26,000 by 2028. The year-on-year variation from 2024 to 2028 shows a consistent downward trend, reflecting annual percentage decreases. The Compound Annual Growth Rate (CAGR) over the five-year forecast period underscores an average negative growth, indicating a challenging outlook for self-employment in this sector.
Future trends to watch include:
- Technological advancements may continue to replace traditional roles.
- Potential policy changes that support industry innovation and revitalization.
- Global market dynamics affecting demand for textiles and apparel.
- Shifting consumer preferences and increased outsourcing impacting domestic self-employment.