In 2023, Japan's import of buses, except diesel powered, stood at an actual figure. The forecast for 2024 indicates an import volume of 248.72 thousand kilograms, marking an upwards trajectory in subsequent years up to 277.67 thousand kilograms by 2028. This represents a consistent year-on-year increase, reflecting positive market growth. Between 2024 and 2028, the average compound annual growth rate (CAGR) suggests moderate yet steady expansion in this sector.
Future trends to watch for include:
- Technological advancements in alternative fuel buses, influencing import demands.
- Environmental regulations potentially driving shifts towards non-diesel bus imports.
- Evolving public transportation policies and infrastructure developments impacting demand.