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Japan Next Generation Vehicle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Japan next generation vehicle market size reached US$ 762 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,682 Million by 2027, exhibiting a growth rate (CAGR) of 14.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Next generation vehicles refer to environment-friendly automobiles with high fuel performance and zero harmful emissions, including nitrogen oxides and particulate matter. The four major types include electric, hybrid, plug-in hybrid, and fuel cell. Compared to traditional counterparts, next generation vehicles benefit the users by offering low maintenance, efficient running costs, no/less fuel emissions, etc. As a result, these vehicles are widely adopted for public, personal, and commercial applications.

Japan Next Generation Vehicle Market Trends:

The rising adoption of fuel-efficient vehicles coupled with the increasing environmental consciousness towards reducing greenhouse gas (GHG) emissions is primarily driving the Japan next generartion vehicles market. Furthermore, the introduction of favorable government policies encouraging sustainable development and promoting the use of eco-friendly vehicles is also propelling the product demand in the country. In line with this, the growing number of financial incentives by the Japanese government, including tax exemptions, subsidies, low buying costs, etc., for improving the affordability of next-gen automobiles is acting as a significant growth-inducing factor. Additionally, the Government of Japan (GoJ) is emphasizing on advancing electric mobility with high-end vehicle safety systems to provide environmental sustainability, which, in turn, is offering lucrative growth potential for the regional market. Besides this, the continuous replacement of conventional fuel-based public transport fleets with cleaner and safer public vehicles is also augmenting the product demand in Japan. Moreover, a significant decline in the cost of high-capacity Li-ion batteries, which further leads to the lowering of overall vehicle cost, is positively influencing the regional market for next generation vehicles. Additionally, the introduction of smart vehicle technologies, including telematics devices, wireless connectivity, advanced driver-assistance systems (ADAS), GPS, etc., is expected to drive the Japan next generation vehicle market over the forecasted period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Japan next generation vehicle market report, along with forecasts for the period 2022-2027. Our report has categorized the market based on vehicle type, glass panel type and technology.

Breakup by Vehicle Type:

  • Public
  • Personal
  • Commercial
     

Breakup by Glass Panel Type:

  • Colored
  • Transparent
  • Opaque
  • Others
     

Breakup by Technology:

  • Hybrid
  • Electric
  • Intelligent Vehicles
  • Other
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Honda Motor Co. Ltd., Mazda Motor Corporation, Mitsubishi Motor Corporation, Nissan Motor Corporation, Suzuki Motor Corporation, Toyota Motor Corporation and Tesla Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Vehicle Type, Glass Panel Type, Technology
Companies Covered Honda Motor Co. Ltd., Mazda Motor Corporation, Mitsubishi Motor Corporation, Nissan Motor Corporation, Suzuki Motor Corporation, Toyota Motor Corporation and Tesla Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the Japan next generation vehicle market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Japan next generation vehicle market?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the glass panel type?
  • What is the breakup of the market based on the technology?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Japan next generation vehicle market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Japan Next Generation Vehicle Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Public
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Personal 
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Commercial
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Glass Panel Type
    7.1    Colored 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Transparent 
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Opaque 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others 
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Technology
    8.1    Hybrid 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Electric
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Intelligent Vehicles 
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others 
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Honda Motor Co. Ltd.
           12.3.1.1 Company Overview
           12.3.1.2 Product Portfolio 
           12.3.1.3 Financials
        12.3.2    Mazda Motor Corporation
           12.3.2.1 Company Overview
           12.3.2.2 Product Portfolio 
           12.3.2.3 Financials
        12.3.3    Mitsubishi Motor Corporation
           12.3.3.1 Company Overview
           12.3.3.2 Product Portfolio 
           12.3.3.3 Financials
        12.3.4    Nissan Motor Corporation     
           12.3.4.1 Company Overview
           12.3.4.2 Product Portfolio
           12.3.4.3 Financials
        12.3.5    Suzuki Motor Corporation
           12.3.5.1 Company Overview
           12.3.5.2 Product Portfolio
           12.3.5.3 Financials
        12.3.6    Toyota Motor Corporation
           12.3.6.1 Company Overview
           12.3.6.2 Product Portfolio
           12.3.6.3 Financials
        12.3.7    Tesla Motors
           12.3.7.1 Company Overview
           12.3.7.2 Product Portfolio
           12.3.7.3 Financials

List of Figures

Figure 1: Japan: Next Generation Vehicle Market: Major Drivers and Challenges
Figure 2: Japan: Next Generation Vehicle Market: Sales Value (in Million US$), 2016-2021
Figure 3: Japan: Next Generation Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Japan: Next Generation Vehicle Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Japan: Next Generation Vehicle Market: Breakup by Glass Panel Type (in %), 2021
Figure 6: Japan: Next Generation Vehicle Market: Breakup by Technology (in %), 2021
Figure 7: Japan: Next Generation Vehicle (Public) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Japan: Next Generation Vehicle (Public) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Japan: Next Generation Vehicle (Personal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Japan: Next Generation Vehicle (Personal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Japan: Next Generation Vehicle (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Japan: Next Generation Vehicle (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Japan: Next Generation Vehicle (Colored) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Japan: Next Generation Vehicle (Colored) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Japan: Next Generation Vehicle (Transparent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Japan: Next Generation Vehicle (Transparent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Japan: Next Generation Vehicle (Opaque) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Japan: Next Generation Vehicle (Opaque) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Japan: Next Generation Vehicle (Other Panel Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Japan: Next Generation Vehicle (Other Panel Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Japan: Next Generation Vehicle (Hybrid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Japan: Next Generation Vehicle (Hybrid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Japan: Next Generation Vehicle (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Japan: Next Generation Vehicle (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Japan: Next Generation Vehicle (Intelligent Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Japan: Next Generation Vehicle (Intelligent Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Japan: Next Generation Vehicle (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Japan: Next Generation Vehicle (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Japan: Next Generation Vehicle Industry: SWOT Analysis
Figure 30: Japan: Next Generation Vehicle Industry: Value Chain Analysis
Figure 31: Japan: Next Generation Vehicle Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Japan: Next Generation Vehicle Market: Key Industry Highlights, 2021 and 2027
Table 2: Japan: Next Generation Vehicle Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Japan: Next Generation Vehicle Market Forecast: Breakup by Glass Panel Type (in Million US$), 2022-2027
Table 4: Japan: Next Generation Vehicle Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Japan: Next Generation Vehicle Market: Competitive Structure
Table 6: Japan: Next Generation Vehicle Market: Key Players


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