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1、 MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|1MarketLine Industry ProfileNew Cars in JapanJanuary 2022ReferenceReference Code:Code:0104-03580104-0358PublicationPublication Date:Date:JanuaryJanuary 20222022PrimaryPrimary NAICS:NAICS:336111336111WWW.MARKETLINE.COMWWW
2、.MARKETLINE.COMMARKETLINE.THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED New Cars in JapanIndustry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|21.Executive Summary1.1.Market valueThe Japanese new cars market grew by 6.2%in 2021 to reach a
3、value of$125.7 billion.1.2.Market value forecastIn 2026,the Japanese new cars market is forecast to have a value of$140.2 billion,an increase of 11.5%since 2021.1.3.Market volumeThe Japanese new cars market grew by 6.3%in 2021 to reach a volume of 4,880.5 thousand units.1.4.Market volume forecastIn
4、2026,the Japanese new cars market is forecast to have a volume of 5,266.1 thousand units,an increase of 7.9%since 2021.1.5.Geography segmentationJapan accounts for 16.1%of the Asia-Pacific new cars market value.1.6.Market shareToyota is the leading player in the Japanese new cars market,generating a
5、 45.8%share of the markets volume.1.7.Market rivalryRivalry within the new cars market is intensified by the existence of large-sized companies and the high fixed costs associated with car manufacturing.However,the relatively small number of large companies in the market,due to the large economies o
6、f scale required,mitigates competition.Differentiation is a fundamental aspect of competition in the new cars market,and that serves to alleviate rivalry to some extent.New Cars in JapanIndustry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|31.8.Competitive
7、LandscapeThe Japanese new cars market is consolidated,with four leading players,Suzuki,Honda,Nissan,and Toyota,expected to account for a combined 83.5%share of the sales volume in 2021.The leading players in this market are tapping into the growing demand for hybrid and electric vehicles,while allia
8、nces within the market are a common strategy.The COVID-19 pandemic halted production in many countries,as well as disrupting the supply chain;as such,the leading players were negatively impacted in 2020.New Cars in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO B
9、E PHOTOCOPIEDPage|4TABLE OF CONTENTS1.Executive Summary21.1.Market value.21.2.Market value forecast.21.3.Market volume.21.4.Market volume forecast.21.5.Geography segmentation.21.6.Market share.21.7.Market rivalry.21.8.Competitive Landscape.32.Market Overview92.1.Market definition.92.2.Market analysi
10、s.93.Market Data113.1.Market value.113.2.Market volume.124.Market Segmentation134.1.Geography segmentation.135.Market Outlook145.1.Market value forecast.145.2.Market volume forecast.156.Five Forces Analysis166.1.Summary.166.2.Buyer power.176.3.Supplier power.186.4.New entrants.206.5.Threat of substi
11、tutes.22New Cars in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|56.6.Degree of rivalry.247.Competitive Landscape267.1.Market share.267.2.Who are the leading players?.267.3.How are strategic alliances used by the leading companies?.277.4.How
12、is new technology opening up competition?.287.5.How are leading players progressing in the hybrid and electric cars segment?.287.6.What impact is the COVID-19 pandemic having on leading players?.288.Company Profiles308.1.Toyota Motor Corporation.308.2.Suzuki Motor Corporation.358.3.Honda Motor Co.,L
13、td.408.4.Nissan Motor Co.,Ltd.469.Macroeconomic Indicators539.1.Country data.53Appendix55Methodology.559.2.Industry associations.569.3.Related MarketLine research.56About MarketLine.57New Cars in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|6
14、LIST OF TABLESTable 1:Japan new cars market value:$billion,2017-21(e)11Table 2:Japan new cars market volume:thousand units,201721(e)12Table 3:Japan new cars market geography segmentation:$billion,2021(e)13Table 4:Japan new cars market value forecast:$billion,2021-2614Table 5:Japan new cars market vo
15、lume forecast:thousand units,20212615Table 6:Japan new cars market share:%share,by volume,2021(e)26Table 7:Toyota Motor Corporation:key facts30Table 8:Toyota Motor Corporation:Annual Financial Ratios32Table 9:Toyota Motor Corporation:Key Employees33Table 10:Toyota Motor Corporation:Key Employees Con
16、tinued34Table 11:Suzuki Motor Corporation:key facts35Table 12:Suzuki Motor Corporation:Annual Financial Ratios37Table 13:Suzuki Motor Corporation:Key Employees38Table 14:Suzuki Motor Corporation:Key Employees Continued39Table 15:Honda Motor Co.,Ltd.:key facts40Table 16:Honda Motor Co.,Ltd.:Annual Fi
17、nancial Ratios42Table 17:Honda Motor Co.,Ltd.:Key Employees43Table 18:Honda Motor Co.,Ltd.:Key Employees Continued44Table 19:Honda Motor Co.,Ltd.:Key Employees Continued45Table 20:Nissan Motor Co.,Ltd.:key facts46Table 21:Nissan Motor Co.,Ltd.:Annual Financial Ratios48Table 22:Nissan Motor Co.,Ltd.:
18、Key Employees49Table 23:Nissan Motor Co.,Ltd.:Key Employees Continued50Table 24:Nissan Motor Co.,Ltd.:Key Employees Continued51Table 25:Nissan Motor Co.,Ltd.:Key Employees Continued52Table 26:Japan size of population(million),20172153Table 27:Japan gdp(constant 2005 prices,$billion),20172153New Cars
19、 in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|7Table 28:Japan gdp(current prices,$billion),20172153Table 29:Japan inflation,20172153Table 30:Japan consumer price index(absolute),20172154Table 31:Japan exchange rate,20162054New Cars in Japa
20、n Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|8LIST OF FIGURESFigure 1:Japan new cars market value:$billion,2017-21(e)11Figure 2:Japan new cars market volume:thousand units,201721(e)12Figure 3:Japan new cars market geography segmentation:%share,by
21、 value,2021(e)13Figure 4:Japan new cars market value forecast:$billion,2021-2614Figure 5:Japan new cars market volume forecast:thousand units,20212615Figure 6:Forces driving competition in the new cars market in Japan,202116Figure 7:Drivers of buyer power in the new cars market in Japan,202117Figure
22、 8:Drivers of supplier power in the new cars market in Japan,202118Figure 9:Factors influencing the likelihood of new entrants in the new cars market in Japan,202120Figure 10:Factors influencing the threat of substitutes in the new cars market in Japan,202122Figure 11:Drivers of degree of rivalry in
23、 the new cars market in Japan,202124Figure 12:Japan new cars market share:%share,by volume,2021(e)26New Cars in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|92.Market Overview2.1.Market definitionThe new cars market consists of the initial re
24、tail sale/registration of new passenger cars.Passenger cars include saloons,hatchbacks,SUVs,4x4s,and light pickups used predominantly in North America,and other related vehicles.The market value is calculated at retail selling price(RSP)and the market volume is given in terms of units sold.Market sh
25、are data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands,i.e.for the Volkswagen Group this includes all of its brands such as Volkswagen,Audi,Skoda,Seat etc.therefore where possible,market share data represents sales figures for every brand in th
26、at manufacturing group within each country.All market data and forecasts are represented in nominal terms(i.e.without adjustment for inflation)and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.For the purposes of t
27、his report,the global market consists of North America,South America,Europe,Asia-Pacific,Middle East,South Africa and Nigeria.North America consists of Canada,Mexico,and the United States.South America comprises Argentina,Brazil,Chile,Colombia,and Peru.Europe comprises Austria,Belgium,the Czech Repu
28、blic,Denmark,Finland,France,Germany,Greece,Ireland,Italy,Netherlands,Norway,Poland,Portugal,Russia,Spain,Sweden,Switzerland,Turkey,and the United Kingdom.Scandinavia comprises Denmark,Finland,Norway,and Sweden.Asia-Pacific comprises Australia,China,Hong Kong,India,Indonesia,Kazakhstan,Japan,Malaysia
29、,New Zealand,Pakistan,Philippines,Singapore,South Korea,Taiwan,Thailand,and Vietnam.Middle East comprises Egypt,Israel,Saudi Arabia,and United Arab Emirates.2.2.Market analysisThe Japanese new cars market experienced weak growth in 2018,before suffering value and volume declines the following two ye
30、ars.The market is expected to achieve strong growth in 2021,with weak rates expected over the remainder of the forecast period.Demand in the new cars market in Japan has been weakened over the past couple of years.Declining average annual wages and weak GDP growth led many Japanese buyers to hold of
31、f on the purchase of new cars until financial stability returned.The Japanese economy only grew marginally in 2018 and 2019,which hampered consumer spending.The Japanese new cars market is forecast to generate total revenues of$125.7bn in 2021,representing a compound annual rate of change(CARC)of-1.
32、1%between 2017 and 2021.In comparison,the Taiwanese and Chinese markets will decline with CARCs of-12.8%and-1.1%respectively,over the same period,to reach respective values of$6.7bn and$417.6bn in 2021.Japanese buyers,especially those belonging to the younger segments of society,are increasingly tur
33、ning towards car sharing due to environmental concerns,as well as financial constraints.The presence of companies such as Carpool has increased in the country.New Cars in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|10Market consumption volum
34、e is forecast to decline with a CARC of-1.4%between 2017 and 2021,to reach a total of 4,880.5 thousand units in 2021.The markets volume is expected to rise to 5,266.1 thousand units by the end of 2026,representing a compound annual growth rate(CAGR)of 1.5%for the 20212026 period.As technology improv
35、es the efficiency and price competitiveness of electric cars,demand for these vehicles will undoubtedly increase.A number of major global car manufacturers such as Volvo,GM,Aston Martin,and Jaguar Land Rover have announced plans to switch over to manufacturing only electric or hybrid cars at some po
36、int within the coming decade.Between 2015 and 2019,the hybrid and electric cars market in Japan grew with a CAGR of 11.3%.The COVID-19 pandemic had a significant impact on the automotive industry in 2020,which had a knock-on effect on the new cars market.Temporary shutdowns at manufacturing plants a
37、mid labor shortages and a severe disruption in the supply chain,including a shortage of semiconductors,led to production declines.Meanwhile,consumer and business confidence remained depressed since its slump in the advent of the pandemic,leading to a decline in demand.COVID-19 and a protracted perio
38、d of trade tensions remained a drag on the economic growth which resulted in a contraction of-5.32%in Japan in 2020.The performance of the market is forecast to accelerate,with an anticipated CAGR of 2.2%for the five-year period 20212026,which is expected to drive the market to a value of$140.2bn by
39、 the end of 2026.Comparatively,the Taiwanese and Chinese markets will grow with CAGRs of 4.1%and 9.7%respectively,over the same period,to reach respective values of$8.2bn and$663.6bn in 2026.The Japanese new cars market is expected to follow a strong growth trajectory in value and volume terms in 20
40、21.Pent-up demand will drive growth,while the improving macroeconomic environment given that the pandemic is set to be coming to an end will support spending over the coming years.With timely fiscal stimulus packages to revive the economy,the growth is forecast to be 2.7%in 2021.New Cars in Japan In
41、dustry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|113.Market Data3.1.Market valueThe Japanese new cars market grew by 6.2%in 2021 to reach a value of$125.7 billion.The compound annual rate of change of the market in the period 2017-21 was-1.1%.TableTable
42、1 1:JapanJapan newnew carscars marketmarket value:value:$billion,billion,2017-21(e)2017-21(e)Year$billion billion billion%Growth2017131.314,015.2115.02018133.614,256.8116.91.72019132.214,107.6115.7-1.02020118.312,630.1103.6-10.52021(e)125.713,413.7110.06.2CAGR:201721(1.1%)SOURCE:SOURCE:MARKETLINE M
43、A R K E T L I N EFigureFigure 1 1:JapanJapan newnew carscars marketmarket value:value:$billion,billion,2017-21(e)2017-21(e)SOURCE:SOURCE:MARKETLINE M A R K E T L I N ENew Cars in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|123.2.Market volum
44、eThe Japanese new cars market grew by 6.3%in 2021 to reach a volume of 4,880.5 thousand units.The compound annual rate of change of the market in the period 2017-21 was-1.4%.TableTable 2 2:JapanJapan newnew carscars marketmarket volume:volume:thousandthousand units,units,20172017 21(e)21(e)Yearthous
45、and units%Growth20175,166.120185,204.00.720195,125.2-1.520204,589.3-10.52021(e)4,880.56.3CAGR:201721(1.4%)SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFigureFigure 2 2:JapanJapan newnew carscars marketmarket volume:volume:thousandthousand units,units,20172017 21(e)21(e)SOURCE:SOURCE:MARKETLINE M A R
46、K E T L I N ENew Cars in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|134.Market Segmentation4.1.Geography segmentationJapan accounts for 16.1%of the Asia-Pacific new cars market value.China accounts for a further 53.4%of the Asia-Pacific mar
47、ket.TableTable 3 3:JapanJapan newnew carscars marketmarket geographygeography segmentation:segmentation:$billion,billion,2021(e)2021(e)Geography2021%China417.653.4Japan125.716.1South Korea65.08.3Singapore9.51.2Taiwan6.70.9Rest Of Asia-pacific157.220.1Total781.7100%SOURCE:SOURCE:MARKETLINE M A R K E
48、T L I N EFigureFigure 3 3:JapanJapan newnew carscars marketmarket geographygeography segmentation:segmentation:%share,share,byby value,value,2021(e)2021(e)SOURCE:SOURCE:MARKETLINE M A R K E T L I N ENew Cars in Japan Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PH
49、OTOCOPIEDPage|145.Market Outlook5.1.Market value forecastIn 2026,the Japanese new cars market is forecast to have a value of$140.2 billion,an increase of 11.5%since 2021.The compound annual growth rate of the market in the period 2021-26 is predicted to be 2.2%.TableTable 4 4:JapanJapan newnew carsc
50、ars marketmarket valuevalue forecast:forecast:$billion,billion,2021-262021-26Year$billion billion billion%Growth2021125.713,413.7110.06.2%2022130.413,912.4114.13.7%2023132.514,144.4116.01.7%2024134.414,343.7117.71.4%2025137.714,692.2120.52.4%2026140.214,962.8122.71.8%CAGR:2021262.2%SOURCE:SOURCE:MAR