The Machinery and Equipment Wholesale sector in Japan stood at 66.27 trillion JPY in 2023. Forecasted values indicate a consistent decline: 65.42 trillion JPY in 2024, 64.59 trillion JPY in 2025, 63.77 trillion JPY in 2026, 62.97 trillion JPY in 2027, and 62.18 trillion JPY in 2028. Year-on-year percentage variations show the sector experiencing a:
- -1.28% decline in 2024,
- -1.27% decline in 2025,
- -1.27% decline in 2026,
- -1.25% decline in 2027, and
- -1.26% decline in 2028.
The average annual contraction (CAGR) over the five-year period stands at -1.27%.
Future trends to watch for include advancements in automation, changing regulatory environments, and innovation in machinery technology. These could potentially offset the steady decline projected over the next several years.