The Gross Value Added (GVA) in the wholesale, retail, and repair of motor vehicles and motorcycles sector in Japan exhibits a steady decline from 2024 to 2028, starting at 79.728 trillion yen and decreasing annually by a small margin to reach 79.068 trillion yen in 2028. For perspective, in 2023, the actual GVA was higher than in 2028. Over this five-year period, the year-on-year variation is marginal, signifying a stable yet downward trend with compound annual growth rate (CAGR) reflecting a slight decrease.
Future trends to watch include the impact of technological advancements in automotive technologies, shifts in consumer preferences towards electric vehicles, and regulatory changes aimed at environmental sustainability. These factors could influence market performance and potentially alter the current decline trajectory.
