Market Trends of Japan Office Furniture Industry
Rise in Sales of Office Furniture in Japan
The demand for office furniture in Japan has significantly increased, with the increasing construction of office buildings, the emergence of new venture capital companies, and the elimination of labor shortage issues. Companies are opting for a change in their office spaces, coupled with the idea of investing in a new office building, and the increasing number of shared office spaces has fueled the demand for office furniture.
The office furniture market's most widely sold product categories are office desks and cabinets. Many companies in Japan make efficient operation and improvement investments by changing the layout and furniture periodically. Thus, the demand for renewal is expanding, further boosting the sales of office furniture products in the country.
Increase in New Offices in the Tokyo Metropolitan Area
In cities like Tokyo, there is a steady rise in the number of large-scale office buildings, fueling the demand for the office furniture market. Tokyo's 23 wards, special forms of municipalities in Japan's capital city, have several new large-scale office buildings with a total floor space of 10,000 sq. m or more. The annual average space of these office buildings is expected to increase to 1.09 million square meters in 2022 from 2016. The construction of office buildings is expected to continue, which will further boost the growth of the office furniture market.
Furniture companies, such as Kokuyo, have started introducing solutions that propose a total solution for the office space, from requirements surveys to layout proposals, selection and import of office furniture, and after-sales service, mainly for large-scale offices. These solution proposals are expected to boost the growth of office furniture in the new buildings.
