Labour costs in the air and spacecraft and related machinery sector in Japan have been steadily increasing from 2023 to 2028. In 2023, the labour cost was valued at 485 billion Japanese Yens. For each subsequent year from 2024 to 2028, the forecasted values show a consistent growth pattern.
The year-on-year growth rates are as follows:
- 2024: 0.93%
- 2025: 0.78%
- 2026: 0.76%
- 2027: 0.74%
- 2028: 0.72%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 0.79%, indicating a modest but steady rise in labour costs over five years.
Future trends to watch for include technological advancements that may impact labour efficiency and costs, as well as global economic factors and supply chain dynamics that could influence the sector's labour market in Japan.
