The production of retail trade in Japan, excluding motor vehicles and motorcycles, is forecasted to increase steadily from 2024 to 2028. Starting at 49.323 trillion yen in 2024, it is expected to reach 51.237 trillion yen by 2028. Comparing to the actual 2023 data of 48.75 trillion yen, this marks a gradual growth trajectory within the industry.
Year-on-year growth rates are projected as follows:
- 2024: 1.18%
- 2025: 0.99%
- 2026: 0.97%
- 2027: 0.94%
- 2028: 0.91%
The compound annual growth rate (CAGR) over this forecast period is approximately 0.95%.
Future trends to watch for include technological advancements in retail operations, shifts in consumer spending patterns influenced by demographic changes, and potential impacts of economic policies. Additionally, the increasing role of e-commerce could further shape the retail landscape in Japan.
