Market Size of Japan Small Home Appliances Industry
| 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 |
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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.
