Market Trends of Japan Office Furniture Industry
Thriving Office Construction in Japan Fueling Demand for Office Furniture
The demand for office furniture in Japan is on the rise, propelled by a surge in office construction, the rise of new venture capital firms, and efforts to address labor shortages. Companies are not just sprucing up their current offices but also investing in new office spaces and embracing shared setups, all of which are driving the need for office furniture. This shift is especially noticeable in major urban centers like Tokyo, where the number of large office buildings is steadily climbing.
Tokyo's 23 special wards, unique administrative units within the city, are witnessing a boom in new office constructions, many exceeding 10,000 sq. m. The Tokyo World Gate Akasaka project, set for completion in the current year, has taken the lead as the largest office project in these wards, covering an expansive 208,000 sq. m. Following closely is the Toda Building in Tokyo's Chuo Ward, spanning 94,800 sq. m. With this momentum in office construction, the Japanese office furniture market is set for continued growth.
Online Channels Propelling Office Furniture Sales Amid Business Expansion
As businesses expand and their workforces grow, the demand for office furniture is surging. Increasingly, companies are opting for online platforms to procure office furniture, enticed by their benefits, such as a wide product selection, easy price comparisons, and seamless deliveries. This shift not only obviates the need for physical store visits but also grants customers a plethora of choices. Moreover, online retailers have adeptly trimmed costs, enhancing their profitability. As a result, the escalating preference for online furniture outlets is set to drive market growth in the coming years.
