The Light vehicle production of Japan attained a value of 7,392,094 Units in 2021
The indicator recorded a historical decline (CAGR) of 7.18% between 2018 to 2021 and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of 2.79% between 2022 and 2026, reaching...
The Light vehicle production in Japan (2018 - 2026, Units)
Light vehicle capacity of Japan
The light trucks market includes all light commercial vehicles (LCVs) and light buses and coaches (LBCs). This includes pick-ups and vans but excludes sports utility and similar vehicles. The market value is calculated in terms of the manufacturer’s selling price (MSP) and excludes all taxes and levies.
The Japanese light trucks market improved moderately, following a volatile performance in recent years. The forecast period will see growth stabilize and expand at a moderate rate in the forecast period. LCV sales had the highest volume in the Japanese light trucks market.
Category segmentation
Light Commercial Vehicles is the largest segment of the light trucks market in Japan, accounting for nearly complete market volume.
Geography segmentation
China owns the largest share in the Asian Light vehicle market in terms of capacity. Japan is second in the ranking list.
Competitive landscape
In the Japanese light trucks market, there are a small number of large companies, between whom competition is fierce. Following the economic downturn that has been experienced on a global scale, market players struggled as light truck sales declined sharply. However, a positive for the market is that these companies have since managed to recover fairly well. Companies operating in this market tend to have operations in other markets, such as passenger car manufacture, which reduces their reliance on the light trucks market to an extent.
Who are the leading players?
Honda is primarily engaged in the development, production, and sale of a variety of automobiles, motorcycles, and power products. The company also provides a range of financial services to its customers and dealers. Honda operates through a global network of 369 subsidiaries and 86 affiliates.
Nissan and its subsidiaries are primarily engaged in the manufacturing and sales of automobiles, marine products, and related parts. The group manufactures vehicles in 20 countries and offers its products and services in more than 160 countries worldwide. It operates in Japan, the US, Canada, Mexico, Australia, New Zealand, South Africa, the Middle East, and Asia.
Suzuki is a producer of motorcycles, automobiles, outboard motors, boats, motorized wheelchairs, electro-scooters, and industrial equipment. The company also provides logistics and other services related to its respective operations. Suzuki operates in Japan, Asia, Europe, North America, Oceania, and South America.
Toyota is one of the largest automobile manufacturers in the world. The company is engaged in the design, manufacture, assembly and sale of passenger cars, minivans, and commercial vehicles such as trucks and related parts and accessories throughout the world. It also provides financing, vehicle and equipment leasing, and certain other financial services primarily to its dealers and their customers to support the sales of vehicles and other products manufactured by Toyota.
Germany
Japan
United States of America
United States of America
Netherlands
Germany
Germany
Japan
South Korea
United States of America
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer