In 2023, household expenditure on rental car and carsharing services in Japan was estimated to be considerably lower than forecasted figures, reflecting an increasing trend. From 2024 through 2028, this expenditure is projected to steadily rise from 1.56 to 1.66 thousand Japanese Yens, marking a consistent year-on-year growth.
The year-on-year growth rate averages around 1-2%, highlighting a moderate but steady upward trend throughout this period. The compound annual growth rate (CAGR) over these five years indicates a 1.56% increase annually, emphasizing the gradual adoption of rental and carsharing services among Japanese households.
Future trends to watch include:
- Technological innovations in carsharing platforms that could drive further adoption.
- Socio-economic shifts, particularly urbanization and changing lifestyle preferences, influencing car ownership and mobility solutions.
- Potential regulatory changes affecting the rental and carsharing ecosystem.