In 2023, the number of vehicles in use in Japan stood at approximately 78.13 million units. The forecast from 2024 to 2028 predicts a gradual increase from 78.28 to 78.86 million units, indicating a steady annual growth.
- 2024-2025: 0.19% increase
- 2025-2026: 0.19% increase
- 2026-2027: 0.18% increase
- 2027-2028: 0.18% increase
The Compound Annual Growth Rate (CAGR) for this period is expected to be around 0.19%.
Future trends to watch for include the impact of a growing focus on electric vehicles, potential shifts in public transportation usage, and demographic changes that could influence car ownership patterns.
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