Japan Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Japan Furniture market is segmented by Material (Wood, Metal, Plastic and Other furniture), Application (Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture), Distribution Channel (Supermarkets and Hypermarkets, Speciality Stores, Online, and Other Distribution Channels).

Market Snapshot

Japan Furniture Market
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 3 %

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Market Overview

The furniture market in Japan is expected to grow at a strong rate during the forecast period. Some of the major factors driving the demand for furniture products in the country include rising disposable income, increasing household and commercial spaces, and rising urbanization. The Japanese furniture industry had evolved from a small market of around 50 billion yen to nearly 3.5 trillion yen in 2019. A significant feature of Japanese furniture consumption is the popularity of high-end furniture and luxury furniture.

The country is witnessing increased construction activity, which has led to the expansion of residential real estate with a significant increase in the number of households in the country. This is boosting the demand for furniture products such as living room and bedroom furniture. The country is also witnessing an increased demand for office furniture products due to the rising consumption of office spaces, fueling the market demand. Japan is also witnessing an increasing demand for exquisite and durable high-end solid wood furniture when setting up a new family, which further boosts the market growth.

The market share of imported furniture in Japan has risen significantly in the last few years. Among imported furniture, wooden furniture occupies the largest proportion, followed by furniture accessories, metal furniture, plastic furniture, etc. With low labor costs, China has become Japan's largest furniture importer accounting for nearly 40% of the total Japanese wooden furniture imports. Some of the other importers of furniture products in Japan are Thailand, Vietnam, Malaysia, the Philippines, Indonesia, Germany, and Italy.

Scope of the Report

A complete background analysis of Japan's furniture industry includes a qualitative and quantitative assessment of the market, emerging market trends by segments, significant changes in the market dynamics, and the market overview covered in the report. The report also covers the competitive landscape of the China furniture industry, which provides details about the key players present in the market.

By Material
Wood
Metal
Plastic and Other Furniture
By Application
Home Furniture
Office Furniture
Hospitality Furniture
Other Furniture
By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online
Other Distribution Channels

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Key Market Trends

Home Furniture is the Largest Segment

Japan is currently witnessing a high demand for home furniture, including the living room and dining room furniture, bedroom furniture, and kitchen furniture. The country is witnessing expanded construction activity with new housing units being built across the country and an increase in the per capita disposable income on consumers, which is rising the demand for home furniture.

The rise in the number of household units and population migration are also contributing to this growth. The household spending on dining-room furniture in the country is also fairly stable although relatively small compared with spending on bedroom items. Japan imports nearly bedroom furniture from China, Vietnam, and other Southeast Asian countries.

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Expansion of Single Person Homes Creates Opportunities

The trends in Japan’s housing sector are central to the future of the furniture manufacturing sector. The current upward trend in the country is an increasing number of one-person households in the country, driven by changes in culture and lifestyles, which is one of the major forces to influence furniture demand in the country.

Single-person households are the fastest-growing household group in the country and may eventually become the largest such group in Japan. Singles need less space and can, therefore, save on rent and house-building costs. Due to limited space, furniture needs to be both pleasing and practical. Storage cabinets are popular among singles in small homes, and many other portable furniture may witness increased demand. There is potential for the Japanese furniture market segments to grow, especially for competitively priced items designed for singles in small spaces, such as drawers, cabinets, fold-away dining tables and dining chairs, which is expected to increase the demand for furniture products in the country.

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Competitive Landscape

The Japan Furniture Market is fragmented with the presence of local and international players, such as Nitori, Muji, Karimoku, Sankou, and Ikea. The manufacturers are offering a range of styles from traditional Japanese to Scandinavian styles and are focusing on offering products with varied color options and simple designs at reasonable prices.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Insights on Government and Trade Regulations on Furniture Products

    2. 4.2 Insights on Import and Exports of Furniture Products

    3. 4.3 Insights on Technological Innovations in the Furniture Industry

    4. 4.4 Insights on Consumer Preferences for Furniture Products in the Country

    5. 4.5 Impact of COVID-19 on the market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Overview

    2. 5.2 Market Drivers

    3. 5.3 Market Restraints

    4. 5.4 Opportunities

    5. 5.5 Industry Value Chain Analysis

    6. 5.6 Porter's Five Forces Analysis

      1. 5.6.1 Threat of New Entrants

      2. 5.6.2 Bargaining Power of Buyers/Consumers

      3. 5.6.3 Bargaining Power of Suppliers

      4. 5.6.4 Threat of Substitute Products

      5. 5.6.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Material

      1. 6.1.1 Wood

      2. 6.1.2 Metal

      3. 6.1.3 Plastic and Other Furniture

    2. 6.2 By Application

      1. 6.2.1 Home Furniture

      2. 6.2.2 Office Furniture

      3. 6.2.3 Hospitality Furniture

      4. 6.2.4 Other Furniture

    3. 6.3 By Distribution Channel

      1. 6.3.1 Supermarkets and Hypermarkets

      2. 6.3.2 Specialty Stores

      3. 6.3.3 Online

      4. 6.3.4 Other Distribution Channels

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Market Competition Overview

    2. 7.2 Company Profiles

      1. 7.2.1 Nitori Furniture

      2. 7.2.2 Muji

      3. 7.2.3 Karimoku Furniture Company

      4. 7.2.4 IKEA Kobe

      5. 7.2.5 Sankou

      6. 7.2.6 Cassina Ixc

      7. 7.2.7 Shimachu

      8. 7.2.8 Ostuka

      9. 7.2.9 Sunmore Co. Ltd

      10. 7.2.10 Oliver Co. Ltd

      11. 7.2.11 Kashiwa

      12. 7.2.12 Okamura

      13. 7.2.13 Kokuyo

      14. 7.2.14 SteelCase

      15. 7.2.15 Herman Miller

    3. *List Not Exhaustive
  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 9. APPENDIX

  10. 10. DISCLAIMER

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Frequently Asked Questions

The Japan Furniture Market market is studied from 2016 - 2026.

The Japan Furniture Market is growing at a CAGR of 3% over the next 5 years.

Nitori, Muji, Karimoku Furniture Co., Ltd. , Sankou, IKEA Kobe are the major companies operating in Japan Furniture Market.

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