Key Facts about the Automotive Industry in Japan
The automotive industry in Japan is one of the biggest and most protuberant industries in the entire world. Since the sixties, this country has been among the top three countries where the most automobiles are manufactured. Between the seventies and the nineties, the automotive industry in Japan saw a rapid increase. At the time, this country was focused on both world export as well as domestic use. Today, Japan is the third biggest producer of automobiles in the world.
Home to Several Automotive Manufacturers
A larger number of manufacturers call Japan home. In addition to the production of cars, these companies also product a wide range of all-terrain vehicles, motorcycles, engines and construction vehicles. The automotive manufactures located here include Mitsuoka, Isuzu, Mitsubishi, Suzuki, Daihatsu, Toyota, Nissan, Honda, Mazda, Subaru, Kawasaki and Yamaha just to name a few of the more popular brands.
Automotive manufacturers here in Japan produce vehicles that are not only popular, but also reliable as well as affordable. Even with competition on the rise in other countries, such as India, China and South Korea, the automotive industry in Japan continues to thrive.
Providing Job Opportunities for Many
More than five and a half million people here in Japan have jobs in the automotive manufacturing sector and related industries. That is more than eight percent of the entire workforce in this country. Currently, there are close to eighty factories in Japan with more than twenty prefectures that manufacture automobiles.
In the automotive industry in Japan, more than six hundred thousand jobs are within the auto parts manufacturing sector. The production of basic automotive equipment manufacturing and raw materials make up another almost four hundred thousand jobs in this country.
An Overview of the Industry
The market is becoming more and more integrated around the world. Thus, parts manufactures in Japan are gaining investment in human capital for the production and development of automotive merchandises.
In spite of a strong global market for automobiles and a weaker yen, the production of domestic automobiles in Japan has been on the rise for the past five years. Therefore, major automotive manufacturers in Japan are seeing an extended expansion and less of a focus on sales to the home market.
An extensive web of automotive parts merchants has become significant to the economy here in Japan. Such growth spans across a number of different industries, including rubber and chemicals. The reason for this growth is the growing complexity of the vehicles being manufactured in Japan today.