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Automotive Parts Industry
The automobile industry is Japan’s primary manufacturing sector. Global demand for Japanese autos is virtually certain to grow in the long term on the basis of existing sales networks and future technologies, with emerging economies holding the best growth prospects. Due to the current global economic slowdown, sales of automobiles and auto parts have temporarily dropped precipitously, and as Japan’s traditional purchasing practices are forced to evolve as a result, opportunities for U.S. auto parts manufacturers to conduct business with Japanese auto manufacturers are increasing. Key areas of current market demand include modularization,
environmental technologies (including electric and hybrid systems), and safety. U.S. auto parts manufacturers with state-of-the-art technologies in the areas of "next-generation" transportation systems, transportation safety, traffic accident reduction, theft-resistance, and electronic components should consider entering this market.
While the U.S. continues to dominate the Japanese market for large motorcycles, overall motorcycle sales have been declining, with production hitting 380,242 units in 2010. The current favorable exchange rate makes imports from the U.S. relatively inexpensive for Japanese consumers. U.S. motorcycle manufacturers with cutting edge technology have a good opportunity in the Japan market.
Japanese Ministry of Land, Infrastructure and Transport
Japan Automobile Manufacturers Association
Japan Automobile Importers Association