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Japan Home Furniture Market Size (2024 - 2029)

The Japan Home Furniture Market is experiencing growth, driven by increased demand for residential and office furniture due to rising construction and expanding office spaces. The market's expansion is further supported by a shift in consumer behavior post-pandemic, where value, availability, and quality became key factors in brand selection. Additionally, there is a notable increase in the market share of imported furniture, particularly wooden furniture from China, which is a significant contributor to the market's dynamics.

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Market Size of Japan Home Furniture Industry

Japan Home Furniture Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) > 2.00 %
Market Concentration Low

Major Players

Japan Home Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Japan Home Furniture Market Analysis

The Japan Home Furniture Market is expected to register a CAGR of greater than 2% during the forecast period(2024-2029).

The Post-COVID pandemic had a major impact on home furniture markets and also seriously affected the sales of home furniture. It caused supply-chain disruptions. And when consumers couldn't find their preferred product at their preferred retailer, they changed their shopping behavior: many consumers tried a different brand or shopped with a different retailer during the crisis. Value, availability, and quality were the main drivers for consumers to try a different brand.

All over the country, there is more construction going on, which has led to more residential real estate and a big rise 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 utilization, 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 the market's 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 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.

The 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). The Report Offers Market Sizes And Forecasts For The Japan Home Furniture Market In Terms Of Revenue (USD) For All The Above Segments.

Application
Kitchen Furniture
Living Room and Dining Room Furniture
Bedroom Furniture
Other Furniture
Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
Online
Other Distribution Channels
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Japan Home Furniture Market Size Summary

The Japan home furniture market is poised for steady growth, driven by evolving consumer preferences and demographic shifts. The post-COVID era has seen significant changes in shopping behavior, with consumers prioritizing value, availability, and quality. The increase in residential construction and the rise in family units have boosted demand for various types of furniture, including living room, bedroom, and office furnishings. Additionally, the trend towards high-end solid wood furniture is gaining traction, reflecting a preference for durability and elegance. The market is also witnessing a surge in imported furniture, particularly from China, which has become a leading supplier of wooden furniture to Japan. This influx is complemented by imports from other countries such as Thailand, Vietnam, and Italy, contributing to a diverse furniture landscape.

The changing lifestyle in Japan, particularly the rise of single-person households, is significantly influencing the furniture market. As these households become more prevalent, there is a growing demand for space-efficient and multifunctional furniture. This trend is encouraging the development of affordable furniture solutions tailored for smaller living spaces, such as storage cabinets and fold-away tables. The demand for living, dining, and bedroom furniture remains robust, supported by an increase in new housing units and rising disposable incomes. Major international players like Karimoku, Cassina IXC Ltd., and IKEA Kobe dominate the market, but smaller companies are gaining ground through innovation and strategic market expansion. The market's future is shaped by these dynamics, with a focus on meeting the needs of a diverse and evolving consumer base.

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Japan Home Furniture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Buyers/Consumers

      2. 1.5.2 Bargaining Power of Suppliers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights on Technological Trends in Furniture Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Kitchen Furniture

      2. 2.1.2 Living Room and Dining Room Furniture

      3. 2.1.3 Bedroom Furniture

      4. 2.1.4 Other Furniture

    2. 2.2 Distribution Channel

      1. 2.2.1 Supermarkets & Hypermarkets

      2. 2.2.2 Specialty Stores

      3. 2.2.3 Online

      4. 2.2.4 Other Distribution Channels

Japan Home Furniture Market Size FAQs

The Japan Home Furniture Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

Karimoku, Cassina Ixc Ltd., IKEA Kobe , Kashiwa and Nitori Furniture are the major companies operating in the Japan Home Furniture Market.

Japanese Home Furniture Market Report Snapshots

Japan Home Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)