In 2024, the forecast for Japan's import of automobiles with spark-ignition internal combustion reciprocating piston engines of cylinder capacity 1500-3000 CC begins at 280.57 million kilograms. This represents a decline from its position in 2023, where it stood at approximately 287.5 million kilograms. The year-on-year variation indicates a consistent decrease, with a -2.57% change in 2024. The subsequent years show a steady downward trend, with reductions of -2.57% annually from 2025 to 2028. The five-year compound annual growth rate (CAGR) is signifying a regular annual decline.
Future trends to watch include potential advancements and market shifts toward electric vehicles, which may further impact the import of traditional internal combustion engine vehicles. Increasing environmental regulations and consumer preference for eco-friendly vehicles could further decrease imports in this segment.
