Forecast: Number of Persons Employed in Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar in Japan

In 2023, the employment in the motor vehicles and motorcycles wholesale, retail trade, and repair sector in Japan was below 10.2 million persons. The forecast from 2024 to 2028 shows a gradual decline in employment from 10.2 to 10.0 million, with a consistent year-on-year decrease of approximately 0.5%. This trend suggests a decreasing workforce in this sector over the five-year period. The compound annual growth rate (CAGR) anticipated for this period is negative, signifying a downturn.

Future trends to watch for include:

  • Automation and technological advancements affecting job requirements.
  • Shifts in consumer behavior towards electric vehicles and their impact on associated employment.
  • Economic factors such as policy changes impacting the automotive trade industry.

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