Japan: logistics industry market size 2024

In the fiscal year 2022, the prospected sales value of businesses operating in the logistics market in Japan was approximately 24.6 trillion Japanese yen, increasing from about 23.2 trillion yen in the preceding fiscal year. The forecast figures rebound to roughly 24.5 trillion yen by 2024 as the economy recovers from the slump inflicted by the COVID-19 pandemic. According to the source, accompanied lifestyle changes fostered the demand for last mile delivery and logistics, for example, mail-order food business, partially offsetting the decrease in external demand for exports.

Sales value of the logistics market in Japan from fiscal year 2015 to 2022 with a forecast until fiscal year 2024 (in trillion Japanese yen)

Characteristic	Market size in trillion Japanese yen
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Release date

July 2023

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Region

Japan

Survey time period

fiscal years 2015 to 2022; the Japanese fiscal years start on April 1 of the stated year and end on March 31 of the following year

Supplementary notes

*Prospect.
**Forecast.
The market size is based on sales at businesses, including transportation and storage fees, terminal charges, and related-service fees.

Survey targets were domestic leading logistics companies and organizations. The market includes the following categories:
marine transportation, 3PL (third-party logistics) service, integrated logistics system, domestic home delivery, special loading motor truck transportation, free warehousing, freight forwarding (including airfreight and rail freight), general harbor transportation, refrigerated warehouse, moving business, light freight delivery, international parcel delivery, rail freight transportation, trunk rooms and peripheral business, motorcycle courier, and consigned delivery.

100 Japanese yen equal 0.72 U.S. dollars or 0.67 euros as of June 2023.
Figures have been rounded.
Values prior to FY 2017 come from previous reports.

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