The employment forecast for Japan's road passenger transport sector shows a steady decline from 2024 to 2028. Starting at 485.69 thousand employees in 2024, the forecasted figures drop annually reaching 442.48 thousand in 2028. In 2023, the sector stood at approximately 497.18 thousand employees, indicating a continuing downward trend.
Year-on-year percentage variations highlight a 2.3% decrease from 2024 to 2025, a 2.3% drop from 2025 to 2026, a 2.3% decline from 2026 to 2027, and another 2.3% reduction from 2027 to 2028. The compound annual growth rate (CAGR) over the five years is approximately -2.3%.
Future trends to watch include technological advancements in autonomous vehicles, shifts in public transportation preferences, and demographic changes such as an aging population that may further influence employment in this sector.
