In 2023, Japan imported approximately 20 million kilograms of lighting or visual signalling equipment. In 2024, this volume is forecasted to increase to 20.477 million kilograms, marking a steady growth trend. From 2024 to 2028, imports are expected to gradually rise each year, reaching 22.018 million kilograms by 2028. This reflects a compound annual growth rate (CAGR) of approximately 1.5% over the five-year period.
Future trends to watch for include:
- Technological advancements in energy-efficient lighting could reshape import dynamics.
- Shifts in global trade policies and supply chain resilience affecting Japan's sourcing strategies.
- Increasing demand for smart city infrastructure driving the need for advanced signalling equipment.