The number of self-employed individuals in Japan's wholesale, retail, and repair of motor vehicles and motorcycles sector is projected to decline gradually from 2024 through 2028. Starting at 790,000 in 2024, it decreases to 705,000 by 2028. This represents a year-on-year decrease, indicating a steady, albeit modest, contraction in the sector. In 2023, the actual value stood marginally above the forecast for 2024. The five-year compound annual growth rate (CAGR) portrays a consistent downward trend, suggesting diminishing viability or interest in self-employment within this industry.

Future trends to watch for include:

The impact of technological advancements on traditional retail and repair services.
Demographic shifts and consumer preferences in Japan.
Regulatory changes affecting the business environment for self-employed individuals in this sector.