Japan Small Home Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.04 Billion |
| Market Size (2029) | USD 3.55 Billion |
| CAGR (2024 - 2029) | 3.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Small Home Appliances Market Analysis
The Japan Small Home Appliances Market size is estimated at USD 3.04 billion in 2024, and is expected to reach USD 3.55 billion by 2029, growing at a CAGR of 3.10% during the forecast period (2024-2029).
The Coronavirus Disease Pandemic (COVID-19) has affected all parts of the world. The coronavirus has not only taken several lives but has also affected the global economic structure. This virus has changed all the market conditions and hampers the growth of the Japan small home appliance market. Despite no compulsory lockdown in Japan, businesses and residents took many precautionary measures to safeguard against the Coronavirus (COVID-19) outbreak. The growing popularity of the work-from-home style of working among corporate professionals for disease prevention purposes has gained traction in the consumer's interest in doing various cooking activities. Time-saving small cooking appliances such as bread makers and electric grills have been on the rise as consumers limit their foodservice experiences.
Small appliances are semi-portable or portable machines and are generally used on platforms such as counter-tops and tabletops. Some of the small appliances are air purifiers, humidifiers & dehumidifiers, blenders, clothes steamers & iron, electric kettles & coffee machines, and others.
Increase in technological advancements, rapid urbanization, growth of the housing sector, rise in per capita income, improvement in living standards, the surge in need for comfort in household chores, changes in consumer lifestyle, and escalation in a number of smaller households are the key factors that drive the growth of the Japan small home appliances market.
Factors such as government initiatives for energy-efficient appliances undertaken across Japan are expected to facilitate the adoption of energy-efficient appliances in recent years. The overall demand for home appliances has increased among urban households, as household appliances help save time, simplify work, and increase the comfort level. Thus, improved standard of living and growth in disposable income is projected to boost the penetration of household appliances, thereby driving the Japan home appliances market growth.
Japan Small Home Appliances Market Trends
This section covers the major market trends shaping the Japan Small Home Appliances Market according to our research experts:
Increasing Users of Smart Appliances is Driving the Market for Home Appliances
Smart appliances come in a wide range of domestic devices and are designed to use digital technology to complete their functions quickly, using much less energy at a much cheaper cost. These machines can typically be operated from a convenient, central operating system such as a mobile device or a remote. Overall, they provide convenience and additional control to any house. Consumers have started utilizing modernized devices and adopting technologies to improve the household. Japan's home appliance market is experiencing profitable growth due to increasing users and increasing consumption of small home appliances.
Growing Online Sales is Driving the Market
The online segment is anticipated to showcase the fastest growth during the forecast period. Online sales channels involve sales through e-commerce platforms. Given the increased spending power, e-commerce's growing popularity among the Japanese population creates a distinctive opportunity for the small home appliances market. Additionally, easy accessibility of the online payment banking solutions to the consumers is expected to further fuel the segment demand. During the COVID-19 pandemic, consumers in Japan are transferring a significant amount of their spending from offline to online purchases. Japan is no exception.
Japan Small Home Appliances Industry Overview
The report covers major international players operating in the Japan Small Home Appliances 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 Small Home Appliances Market Leaders
Panasonic Corporation
LG Electronics
Sharp Corporation
Samsung
Mitsubishi Corporation
*Disclaimer: Major Players sorted in no particular order
Japan Small Home Appliances Market News
- December 3, 2021,Panasonic announced the latest innovation in its robust solar energy portfolio of Total Home Energy Solution offerings, the EverVolt™ 2.0 Home Battery.
- In 2021, as the conciousness towards health and being hygienic grew among people, appliances of germ attack,dust free came into existence.
Japan Small Home Appliances Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Product
5.1.1 Tea/Coffee Makers
5.1.2 Vacuum Cleaners
5.1.3 Food Processors
5.1.4 Grills and Toasters
5.1.5 Others
5.2 Distribution Channel
5.2.1 Multi-brand Stores
5.2.2 Exclusive Stores
5.2.3 Online
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Panasonic Corporation
6.2.2 LG Electronics
6.2.3 Hitachi
6.2.4 Sharp Corporation
6.2.5 Samsung
6.2.6 Mitsubishi Corporation
6.2.7 Toshiba Corporation
6.2.8 Kenwood Corporation
6.2.9 Electrolux AB
6.2.10 Miele*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Japan Small Home Appliances Industry Segmentation
A complete background analysis of the market, including the analysis of market size and forecast, market shares, industry trends, growth drivers, and vendors, is provided. Additionally, the report features qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across key points in the industry's value chain. The Market is Segmented By Product (Tea/Coffee Makers, Vacuum Cleaners, Food Processors, Grills and Toasters, and Others), and by Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Other Distribution Channels).
| Product | |
| Tea/Coffee Makers | |
| Vacuum Cleaners | |
| Food Processors | |
| Grills and Toasters | |
| Others |
| Distribution Channel | |
| Multi-brand Stores | |
| Exclusive Stores | |
| Online | |
| Other Distribution Channels |
Japan Small Home Appliances Market Research FAQs
How big is the Japan Small Home Appliances Market?
The Japan Small Home Appliances Market size is expected to reach USD 3.04 billion in 2024 and grow at a CAGR of 3.10% to reach USD 3.55 billion by 2029.
What is the current Japan Small Home Appliances Market size?
In 2024, the Japan Small Home Appliances Market size is expected to reach USD 3.04 billion.
Who are the key players in Japan Small Home Appliances Market?
Panasonic Corporation, LG Electronics, Sharp Corporation, Samsung and Mitsubishi Corporation are the major companies operating in the Japan Small Home Appliances Market.
What years does this Japan Small Home Appliances Market cover, and what was the market size in 2023?
In 2023, the Japan Small Home Appliances Market size was estimated at USD 2.95 billion. The report covers the Japan Small Home Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Japan Small Home Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Small Home Appliances Industry Report
Statistics for the 2024 Japan Small Home Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Small Home Appliances analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
