Market Size of Japan Office Furniture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.56 Billion |
| Market Size (2029) | USD 1.85 Billion |
| CAGR (2024 - 2029) | 3.45 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Office Furniture Market Analysis
The Japan Office Furniture Market size is estimated at USD 1.56 billion in 2024, and is expected to reach USD 1.85 billion by 2029, growing at a CAGR of 3.45% during the forecast period (2024-2029).
The Japanese office furniture market is expected to witness strong growth in the forecast period owing to factors like increasing employment rate and rising consumption of office spaces, which fuel the market demand for office furniture in the country.
Japan is the main office furniture manufacturer and consumer in the Asia-Pacific region (excluding China and India), accounting for nearly 57% of the total production and 59% of total consumption. The main destinations for Japanese office furniture exports are Asia and the Pacific, followed by North America.
Key corporate houses and enterprises are investing significantly in the interiors and furnishing of their office spaces to provide a productive and comfortable work environment for their employees. Many office furniture manufacturers and designers offer chairs with better comfort to minimize stress. Furthermore, the increasing penetration of smart furniture is also boosting the market growth.
In 2021, the furniture market continued to experience significant growth, largely attributed to COVID-19 restrictions that required many people to stay home. This was reflected in their buying behavior: Furniture sales increased as people started to make their living and home office more comfortable.
