In 2023, the number of total internal R&D personnel in Japan's wholesale and retail trade, along with the repair of motor vehicles and motorcycles sectors, was recorded at 8.02 thousand FTEs. The forecast for 2024 marks an increase to 8.45 thousand FTEs, continuing a growth trend to 10.13 thousand FTEs by 2028. This indicates a positive year-on-year percentage increase in R&D personnel, reflecting steady investment in innovation in these sectors.
Key variations include:
- 2024-2025: 5.1% increase
- 2025-2026: 4.7% increase
- 2026-2027: 4.5% increase
- 2027-2028: 4.2% increase
The Compound Annual Growth Rate (CAGR) over this five-year forecast period is approximately 4.82%. This sustained growth suggests a robust commitment to enhancing competitive edge through R&D investment.
Future trends to watch include the impact of digital transformation and automation on R&D staffing needs, as well as potential shifts in consumer behavior that could influence R&D priorities. Monitoring how these sectors pivot in response to technological advancements and sustainability trends will be crucial.
