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.