The Industry Machinery and Equipment Wholesale market in Japan has experienced notable fluctuations from 2013 to 2023. Starting at 12.18 trillion Japanese Yens in 2013, it saw a decline to 10.14 trillion Japanese Yens by 2023, reflecting a compound annual growth rate (CAGR) of -2.98% over the last five years. The year-on-year decrease for 2023 stood at -3.61%, continuing a downward trend observed over the previous years.

Future trends to watch for include:

A projected continuous decline with a forecasted 5-year CAGR of -3.45% from 2024 to 2028.
Potential market corrections or growth driven by technological advancements or industrial policy changes.
Global economic conditions and their impact on industrial demand and supply chain dynamics.