The share of rail passenger transport in Japan's total inland passenger transport was 32.60% in 2023. The forecast indicates a gradual increase over the next five years, starting at 32.68% in 2024 and reaching 32.99% by 2028. This reflects a year-on-year percentage increase ranging between 0.24% to 0.27%. Over the forecast period, the compound annual growth rate (CAGR) is approximately 0.23%.
Future trends to watch for:
- Infrastructure investments may influence growth rates.
- Technological advancements in rail can enhance efficiency.
- Policy shifts affecting public transport priorities could impact these trends.
- Economic factors and changing commuter behaviors post-COVID-19 may also play a significant role.
