Japan Home Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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).

Japan Home Furniture Industry Overview

Japan Home Furniture Market
Study Period: 2019 - 2028
CAGR: > 3.5 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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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 Industry Segments

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

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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.

Japan Home Furniture Market

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 Market 2

Japan Home Furniture Market Competitor Analysis

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 Top Players

  1. Karimoku

  2. Cassina Ixc Ltd.

  3. IKEA Kobe

  4. Kashiwa

  5. Nitori Furniture

*Disclaimer: Major Players sorted in no particular order

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Japan Home Furniture Market Recent Developments

  • 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. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters 5 Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Insights on Technological Trends in Furniture Market

    7. 4.7 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living Room and Dining Room Furniture

      3. 5.1.3 Bedroom Furniture

      4. 5.1.4 Other Furniture

    2. 5.2 Distribution Channel

      1. 5.2.1 Supermarkets & Hypermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online

      4. 5.2.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Karimoku

      2. 6.2.2 SanKou Group

      3. 6.2.3 Cassina Ixc Ltd.

      4. 6.2.4 IKEA

      5. 6.2.5 Kashiwa

      6. 6.2.6 Nitori Furniture

      7. 6.2.7 Muji

      8. 6.2.8 Shimachu

      9. 6.2.9 Sunmore Co., Ltd.

      10. 6.2.10 Oliver Co., Ltd.*

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

  8. 8. DISCLAIMER AND ABOUT US

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Japan Home Furniture Market Research FAQs

The Japan Home Furniture Market is studied from 2019 - 2028.

The Japan Home Furniture Market is growing at a CAGR of >3.5% over the next 5 years.

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

Japan Home Furniture Industry Reports

In-depth industry statistics and market share insights of the Japan Home Furniture sector for 2020, 2021, and 2022. The Japan Home Furniture research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Japan Home Furniture report PDF.

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