The production of fabricated metal products in Japan is forecasted to increase from 13.588 trillion Japanese Yens in 2024 to 13.995 trillion Japanese Yens in 2028. This data suggests a consistent year-on-year growth in the industry. Comparing 2024 to 2023, the production stood at 13.490 trillion Japanese Yens, representing a year-on-year increase of approximately 0.73% from 2023 to 2024. Over the next two years, the year-on-year growth is around 0.77% (2024-2025) and 0.75% (2025-2026). The average annual growth rate (CAGR) from 2024 to 2028 is anticipated to be around 0.74%, indicating steady, albeit modest, growth in the sector.
Key future trends to watch include:
- Technological advancements in fabrication processes leading to more efficient production methods.
- Increasing demand for sustainable and eco-friendly metal products.
- Potential impacts of global economic conditions, especially trade policies and supply chain dynamics.
