Forecast: Number of Employees in Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar in Japan

In 2023, the number of employees in Japan's motor vehicles and motorcycles wholesale, retail trade, and repair sectors stood at approximately 9.55 million. From 2024 onwards, a slight but continuous decline is forecasted, with the workforce estimated to decrease to 9.51 million by 2028. This translates to a year-on-year reduction of around 0.1% to 0.2%. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates a gradual decline.

Future trends to watch for include:

  • Technological advancements and automation potentially further reducing workforce needs.
  • Shifts in consumer behavior, such as increased adoption of electric vehicles, impacting skill requirements and employment levels.
  • Government policies or industry strategies aimed at revitalizing or transforming the sector might alter employment prospects.

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