In 2023, the number of subcontracted employees in Japan's common taxicab operators was not predicted to decline significantly. However, from 2024, a steep decline is forecasted: a reduction of approximately 23.5% year-on-year. By 2028, the figure will plummet to about 24 persons, marking a dramatic decrease. The five-year compound annual growth rate (CAGR) is projected to sharply downturn.
Future trends to watch for:
- Technological advancements potentially reducing the need for subcontracted labor.
- Increasing demand for alternative transport services impacting traditional taxicab operations.
- Policy or regulation changes affecting the industry's employment structure.
