Analyzing the forecasted data for subcontracted employees in the funeral services sector in Japan, we begin with the context. In 2023, the actual value stood at 3.13 thousand persons. The forecast for 2024 shows a decrease to 3.05 thousand persons which represents a year-on-year decline of 2.56%. This trend continues through 2028 with yearly decreases approximately between 2.3% and 2.6%, revealing a consistent downward trajectory. The Compound Annual Growth Rate (CAGR) over the last five years averages a decline of around 2.38% annually.
Future trends to watch for include the impacts of an aging population, the potential rise in automation within services, and evolving cultural practices around end-of-life ceremonies. Monitoring these factors will help predict how demand for subcontracted labor in this sector might shift.