Based on the forecast data for first registrations of brand new goods vehicles in Japan, the values, expressed as units per thousand persons, show a consistent decreasing trend from 2024 to 2028, declining from 6.45 to 6.39. Compared to the 2023 actual figures, which are not provided, this indicates a sustained reduction in registration rates. From 2024 to 2025, a slight decrease of 0.31% is noted. The five-year compound annual growth rate (CAGR) suggests a steady decline over this period, reflecting changes in market demand or economic conditions.
Future trends to watch for include:
- Potential shifts in transportation policies or environmental regulations in Japan that could impact new vehicle registrations.
- Technological advancements in goods vehicles, such as electric or autonomous technologies, which might influence future registration trends.
- Economic factors or market saturation potentially affecting consumer and business demand for new goods vehicles.