Japan Home Furniture Market Size
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2020 |
| CAGR | > 3.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Home Furniture Market Analysis
The COVID-19 pandemic has had a major impact on home furniture markets, and has also seriously affected the sales of home firniture. COVID-19 caused supply-chain disruptions. And when consumers couldn’t find their preferred product at their preferred retailer, they changed their shopping behavior: many consumers have tried a different brand or shopped at a different retailer during the crisis. Value, availability, and quality were the main drivers for consumers trying a different brand.
Construction activity has expanded across the country, resulting in the expansion of residential real estate and a large increase in the number of families. As a result, demand for furniture such as living room and bedroom furniture is increasing. The country is also seeing a growth in demand for office furniture goods as a result of expanding office space utilisation, which is boosting market demand. When it comes to starting a family, Japan is seeing an increase in demand for exquisite and long-lasting high-end solid wood furniture, which is fueling market growth.
Imported furniture's market share in Japan has increased dramatically in recent years. Wooden furniture accounts for the majority of imported furniture, followed by furniture accessories, metal furniture, plastic furniture, and so on. China has surpassed the United States as Japan's top furniture importer, accounting for approximately 40% of all Japanese wooden furniture imports. Thailand, Vietnam, Malaysia, the Philippines, Indonesia, Germany, and Italy are some of the other furniture importers in Japan.
Japan Home Furniture Market Trends
This section covers the major market trends shaping the Japan Home Furniture Market according to our research experts:
Expansion of Single Person Homes
The future of the furniture manufacturing industry in Japan is heavily influenced by housing patterns. The present growing trend in the country is an increase in the number of one-person homes, which is one of the key drivers influencing furniture demand in the country, driven by changes in culture and lifestyles.
Single-person homes are the fastest-growing household type in Japan, and they may soon surpass them as the country's largest. Because singles use less room, they can save money on rent and home construction. Furniture must be both aesthetically beautiful and functional due to the restricted area. Storage cabinets are popular among singles in tiny houses, and demand for a variety of other movable furniture may expand. Japanese furniture market sectors have the potential to develop, particularly for low-cost goods meant for singles in small spaces, such as drawers, cabinets, fold-away dining tables, and dining chairs, which is predicted to boost demand for furniture in the nation.
Living Room and Dining Room Furniture Segment
Furniture for the living room and dining room, as well as bedroom and kitchen furniture, is in great demand in Japan at the moment. With new housing units being created around the country and a rise in per capita disposable income on consumers, the demand for home furnishings is increasing.
This expansion is also fueled by an increase in the number of household units and population migration. In the country, household expenditure on dining-room furniture is likewise pretty consistent, but minor when compared to spending on bedroom furniture. China, Vietnam, and other Southeast Asian countries supply virtually all of Japan's bedroom furniture.
Japan Home Furniture Industry Overview
The report covers major international players operating in the Japan home furniture market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
Japan Home Furniture Market Leaders
Karimoku
Cassina Ixc Ltd.
IKEA Kobe
Kashiwa
Nitori Furniture
*Disclaimer: Major Players sorted in no particular order
Japan Home Furniture Market News
- In 2022, IKEA and H&M are teaming up to create an “ideas factory” on the high street that aims to seek out, mentor and promote designers and small-scale manufacturers in London.
- In 2022, Japanese furniture and home furnishing brand Nitori Retail has opened its first outlet in Singapore on March 31, spanning 31,630 sq ft on level four of Courts Nojima The Heeren in Orchard.
Japan Home Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Technological Trends in Furniture Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Application
5.1.1 Kitchen Furniture
5.1.2 Living Room and Dining Room Furniture
5.1.3 Bedroom Furniture
5.1.4 Other Furniture
5.2 Distribution Channel
5.2.1 Supermarkets & Hypermarkets
5.2.2 Specialty Stores
5.2.3 Online
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Competition Overview
6.2 Company Profiles
6.2.1 Karimoku
6.2.2 SanKou Group
6.2.3 Cassina Ixc Ltd.
6.2.4 IKEA
6.2.5 Kashiwa
6.2.6 Nitori Furniture
6.2.7 Muji
6.2.8 Shimachu
6.2.9 Sunmore Co., Ltd.
6.2.10 Oliver Co., Ltd.*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Japan Home Furniture Industry Segmentation
A complete background analysis of the Japan home furniture market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report. Japan Home Furniture Market is segmented by Application (Kitchen Furniture, Living-room, and Dining-room Furniture, Bedroom Furniture, and Other Furniture) and by Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, and Others).
| Application | |
| Kitchen Furniture | |
| Living Room and Dining Room Furniture | |
| Bedroom Furniture | |
| Other Furniture |
| Distribution Channel | |
| Supermarkets & Hypermarkets | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
Japan Home Furniture Market Research FAQs
What is the current Japan Home Furniture Market size?
The Japan Home Furniture Market is projected to register a CAGR of greater than 3.5% during the forecast period (2023-2028).
Who are the key players in Japan Home Furniture Market?
Karimoku, Cassina Ixc Ltd., IKEA Kobe, Kashiwa and Nitori Furniture are the major companies operating in the Japan Home Furniture Market.
Japan Home Furniture Industry Report
Statistics for the 2023 Japan Home Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Home Furniture analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
