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.