Key Market Indicators
Vehicle registration in Japan is forecast to reach 4.4 million units by 2026, down 1% from 4.5 million units in 2021. Since 2010, the Japanese market has declined by an average of 2% annually. Vehicle production in Japan is expected to total 9.0 million units in 2026, down 0.4% from 9.1 million units in 2021. Since 2002, Japanese supply has decreased at an average rate of 0.2% per year. In 2021, the U.S. was the world's largest producer of vehicles at 9.1 million units, followed by Japan and India at 4.5 million and 4.4 million units, respectively.