In 2023, sales in Japan's road freight transport sector employing 30-99 persons were valued at 8.055 trillion yen. Forecasts from 2024 to 2028 indicate a gradual upward trend, with sales expected to grow annually, reaching 8.4712 trillion yen by 2028. The predicted year-on-year growth rates reveal a consistent pattern: 0.99% in 2025, 0.96% in 2026, 0.93% in 2027, and 0.90% in 2028. The compound annual growth rate (CAGR) for the forecasted period is approximately 0.98%.
Future trends to watch for:
- Technological advancements in logistics, including AI and automation, potentially improving efficiency.
- Environmental policies impacting operational practices and costs.
- Shifts in domestic and international trade impacting demand for freight transport services.
- Potential labor market changes affecting workforce availability and costs.