The import value of motorboats other than outboard motorboats to Japan stood at 105.0 million USD in 2023. Forecasts for the coming years predict a steady increase, reaching 108.5 million USD in 2024, 111.87 million USD in 2025, 115.17 million USD in 2026, 118.4 million USD in 2027, and 121.56 million USD in 2028. The year-on-year growth rates are as follows:
• 2024: 3.33%
• 2025: 3.12%
• 2026: 2.95%
• 2027: 2.81%
• 2028: 2.67%
The 5-year compound annual growth rate (CAGR) is projected at approximately 3.00% from 2024 to 2028.
Future trends to watch for include technological advancements in motorboat design, shifts in consumer preferences towards sustainable and energy-efficient models, and potential economic factors that could influence spending power and import regulations in Japan.
