Japan Used Car Market Size, Growth & Forecast 2025-2033

Used Car Market - Japan

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 66.67 Billion

Market Forecast in 2033: USD 123.16 Billion

Market Growth Rate: 6.38% (2025-2033)

According to the latest report by IMARC Group, "The Japan used car market size was valued at USD 66.67 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 123.16 Billion by 2033, exhibiting a CAGR of 6.38% from 2025-2033."

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Japan Used Car Industry Trends and Drivers:

The used car market in Japan is recording good growth due to various compelling factors which indicate shifting consumer lifestyles and cost-effectiveness. The rising price of a new car, inflation, and financial insecurity have compelled consumers to find cheaper means of transport. Japanese customers are also becoming very value-conscious and will realize that used cars that are in good condition will save them a lot of money and still perform well. Also, the high rate of automotive development ensures that even comparatively recent used cars are technically well equipped with modern safety systems and connectivity possibilities, as well as fuel-efficient engines, which will make them appeal as an alternative to a new car.

Another strength of the market is that Japanese are known to produce high quality and durable cars that keep their value and performance intact with the passage of time. The vehicle inspection system (Shaken) is very strict in the country and every used vehicle carries high safety and environmental standards that make the consumers trust the used vehicles. Online showrooms and other internet platforms have transformed the experience of buying used cars, as consumers are finding it simpler to research, compare, and buy cars online. Market growth has also been aided by the increasing environmental awareness of the Japanese consumer as the consumption of used cars can be seen as a more sustainable choice which can prolong the life cycle of the vehicle and helps to lower the amount of carbon released into the environment during manufacturing.

Japan Used Car Market Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Japan used car market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Analysis by Vehicle Type:

• Hatchbacks

• Sedan

• Sports Utility Vehicle

• Others

Analysis by Vendor Type:

• Organized

• Unorganized

Analysis by Fuel Type:

• Gasoline

• Diesel

• Others

Analysis by Sales Channel:

• Online

• Offline

Regional Insights:

• Kanto Region

• Kinki Region

• Central/ Chubu Region

• Kyushu-Okinawa Region

• Tohoku Region

• Chugoku Region

• Hokkaido Region

• Shikoku Region

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Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Japan used car industry.

Key highlights of the Report:

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter's Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact:

Street: 563-13 Kamien

Area: Iwata

Country: Tokyo Japan

Postal Code: 4380111

Email: [email protected]