Market Size of Japan Major Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Major Home Appliances Market Analysis
Major home appliances include appliances such as refrigerators, freezers, washing machines, dishwashers, cookers and ovens, and others. The demand for major home appliances has increased among urban households, as household appliances help save time, simplify work, and increase the comfort level. The lifestyle of people has changed mainly due to a tremendous increase in the number of working women. The improved standard of living, growth in disposable income, and rise in buying power of consumers are projected to boost the penetration of major home appliances, thereby driving the Japan major home appliance market appliances. In addition, the propensity of consumers toward eco-friendly and energy-efficient appliances further boosts the growth of Japan major home appliance market.
The Covid-19 pandemic has a vital impact on the growth of the Japan major home appliance market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The demand for smart appliances such as refrigerators, washing machines, and more has increased due to the COVID-19 pandemic, as most of the population is working from home, thus spending more time at home requires many appliances that can complete tasks fast as compared to traditional methods. The pandemic has brought in a permanent shift in consumer buying behaviour pushing them towards online.
