Japan Used Car Market Size & Outlook, 2024-2030
Japan used car market, 2018-2030 (US$M)
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Japan used car market highlights
- The Japan used car market generated a revenue of USD 42,759.7 million in 2022 and is expected to reach USD 78,436.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, conventional was the largest revenue generating vehicle type in 2022.
- Hybrid is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Used car market data book summary
| Market revenue in 2022 | USD 42,759.7 million |
| Market revenue in 2030 | USD 78,436.1 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Hybrid |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group |
Other key industry trends
- In terms of revenue, Japan accounted for 2.6% of the global used car market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China used car market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 180,788.1 million by 2030.
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Used Car Market Scope
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan used car market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to used car market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 40.27% in 2024. Horizon Databook has segmented the Japan used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Japan has one of the largest organized dealers’ networks across the globe and a wellestablished online retail automotive platform for the used car market. The country’s strong automotive dealers’ network and online platform network is attributed to the availability of advanced technology in the field of automotive, internet, and infrastructure, which connects all businesses to the country’s population in a structured manner.
The Tokyo Metropolitan Government adopted a new transport policy to measure and control air pollution by routine inspections of new and used vehicle carbon emissions. Owing to such policies, the Japanese consumers are more inclined toward using hybrid used cars, and the vehicle segment is growing by 9.1% year-on-year.
In the automotive sector, Japan is the third-largest manufacturer of automotive products, and the country’s growing economy enables its major part of the population to own the latest technology SUV vehicles. Meanwhile, the used SUV car segment is expected to grow at 8.3%.
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Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan used car market, including forecasts for subscribers. This country databook contains high-level insights into Japan used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan used car market size, by vehicle type, 2018-2030 (US$M)
Japan Used Car Market Share, 2024 & 2030 (US$M)
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