logo

Japan Office Furniture Market Size (2024 - 2029)

The Japanese office furniture market is poised for growth, driven by factors such as an increasing employment rate and a rise in office space consumption, which enhance the demand for office furniture. As a leading manufacturer and consumer in the Asia-Pacific region, Japan plays a significant role in the market, with a substantial portion of its production and consumption. The market's expansion is further supported by corporate investments in office interiors to create productive work environments and the growing popularity of smart furniture.

Home Market Analysis Home and Property Improvement Research Furniture and Furnishings Research Office Furniture Research Japan Office Furniture Industry Market Size

Market Size of Japan Office Furniture Industry

Japan Office Furniture Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.35 Billion
Market Size (2029) USD 1.56 Billion
CAGR (2024 - 2029) 3.00 %
Market Concentration Low

Major Players

Japan Office Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

Japan Office Furniture Market Analysis

The Japan Office Furniture Market size is estimated at USD 1.35 billion in 2024, and is expected to reach USD 1.56 billion by 2029, growing at a CAGR of 3% during the forecast period (2024-2029).

The Japanese office furniture market is poised for substantial growth in the years ahead. This surge is underpinned by a rising employment landscape and a surging demand for office spaces, collectively bolstering the nation's need for office furniture. Japan, alongside China and India, stands out as a key player in both manufacturing and consuming office furniture within the Asia-Pacific market. While Asia and the Pacific are primary export hubs for Japanese office furniture, North America is emerging as a close contender.

As public and private corporate offices expand and the regional workforce grows, the demand for office furniture in Japan is on the rise. Noteworthy is the market's pivot toward ergonomic and user-friendly furniture, addressing employee posture concerns.

Japanese government bodies are actively championing workplace safety and accessibility, often leading to mandates for office furniture upgrades. The surge in popularity of coworking spaces, catering to a diverse professional and startup clientele, is further propelling the need for adaptable furniture solutions. Additionally, the market anticipates a significant boost from the growing preference for online shopping apps, which offer convenience, swift shipping, discounts, and varied payment options.

Major corporations are channeling significant investments into office interiors and furnishings to craft productive and comfortable workspaces. Concurrently, many furniture manufacturers and designers are honing in on chairs that prioritize comfort, aiming to alleviate employee stress. The market's growth is further bolstered by the rising adoption of smart furniture.

Japan Office Furniture Industry Segmentation

The term 'office furniture' encompasses products and services catering to the furnishing needs of diverse work environments, including offices, healthcare facilities, educational institutions, and hospitality venues.

The Japanese office furniture market is segmented by material, product, and distribution channel. By material, the market is segmented into wood, metal, plastic, and other materials. By product, the market is segmented into meeting chairs, lounge chairs, swivel chairs, office tables, storage cabinets, and desks. By distribution channel, the market is segmented into multi-branded stores, specialty stores, online platforms, and other distribution channels. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Material
Wood
Metal
Plastics
Other Materials
By Product
Meeting Chairs
Lounge Chairs
Swivel Chairs
Office Tables
Storage Cabinets
Desks
By Distribution Channel
Multi-branded Stores
Specialty Stores
Online Platforms
Other Distribution Channels
Need A Different Region Or Segment?
Customize Now

Japan Office Furniture Market Size Summary

The Japanese office furniture market is poised for robust growth over the forecast period, driven by an increasing employment rate and a rise in office space consumption. As a leading manufacturer and consumer of office furniture in the Asia-Pacific region, Japan plays a pivotal role in the market dynamics, with significant production and consumption levels. The market is further bolstered by substantial investments from corporate entities in creating productive and comfortable work environments, alongside the growing adoption of smart furniture solutions. The demand for office furniture is also fueled by the construction of new office buildings, the emergence of venture capital companies, and the trend towards shared office spaces, which necessitate periodic updates and renewals of office layouts and furniture.

In urban centers like Tokyo, the proliferation of large-scale office buildings is a key driver of market expansion, with companies like Kokuyo offering comprehensive solutions that encompass everything from space requirements to after-sales service. The market is characterized by a high level of consolidation, with major players such as Okamura Corporation, Kokuyo, Itoki, and Uchida Yoko dominating the landscape, while international brands like Steelcase and Herman Miller also maintain a presence. The entry of home furniture companies into the office furniture sector is intensifying competition, suggesting a dynamic and evolving market environment. Recent strategic moves, such as Kokuyo's partnership with Allsteel and the acquisition of Lamex, highlight the ongoing consolidation and expansion efforts within the industry.

Explore More

Japan Office Furniture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in the Construction of New Offices

      2. 1.2.2 Growing Inclination Toward Modern Furniture Expected to Fuel the Market

    3. 1.3 Market Restraints

      1. 1.3.1 Fluctuating Prices of Raw Materials due to Various Environmental Concerns Expected to Hamper Market Expansion

    4. 1.4 Market Opportunities

      1. 1.4.1 Introduction of New and Innovative Products by Companies

      2. 1.4.2 Expansion of Retail Outlets and Online Platforms

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights into Technological Advancements in the Industry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Wood

      2. 2.1.2 Metal

      3. 2.1.3 Plastics

      4. 2.1.4 Other Materials

    2. 2.2 By Product

      1. 2.2.1 Meeting Chairs

      2. 2.2.2 Lounge Chairs

      3. 2.2.3 Swivel Chairs

      4. 2.2.4 Office Tables

      5. 2.2.5 Storage Cabinets

      6. 2.2.6 Desks

    3. 2.3 By Distribution Channel

      1. 2.3.1 Multi-branded Stores

      2. 2.3.2 Specialty Stores

      3. 2.3.3 Online Platforms

      4. 2.3.4 Other Distribution Channels

Japan Office Furniture Market Size FAQs

The Japan Office Furniture Market size is expected to reach USD 1.35 billion in 2024 and grow at a CAGR of 3% to reach USD 1.56 billion by 2029.

In 2024, the Japan Office Furniture Market size is expected to reach USD 1.35 billion.

Japanese Office Furniture Market Report Snapshots

Japanese Office Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)