Japan Furniture Market Report

Market Overview:

The Japan furniture market is projected to exhibit a growth rate (CAGR) of 3.3% during 2023-2028. The growing adoption in schools, colleges, and educational institutes, rising demand in medical industry to provide comfort to patients during hospital stays, and wide availability through various distribution channels represent some of the key factors driving the market.

A furniture is a movable object or fixture that is designed to support various human activities, such as seating, sleeping, storage, and working within living or working spaces. It comprises numerous items, such as chairs, tables, beds, sofas, cabinets, desks, and shelves, that serve functional and decorative purposes. It is manufactured from various materials, such as wood, bamboo, steel, iron, aluminum, brass, polypropylene, polyethylene, and acrylic. It is cost-effective, durable, versatile, and widely available in different structures for specific purposes. It enables efficient utilization of space and makes it easier to find and access items when needed. It provides practicality and functionality and enhances the overall aesthetic appeal of a space. It also offers improved relaxation and convenience and increases the productivity of employees in offices. Besides this, it aids in enhancing concentration power while working and lowering the risks of backpains. As it is beneficial in maintaining proper posture, reducing strain, and promoting overall well-being, the demand for furniture is rising in Japan. 

Japan Furniture Market Trends:

At present, the rising adoption of furniture in schools, colleges, and educational institutes to provide enhanced comfort and maintain posture of students represents one of the key factors supporting the growth of the market in Japan. Besides this, the increasing utilization of furniture in the medical industry to support surgeons in performing critical surgery on patients and facilitate comfort to patients during stays in the hospital is strengthening the growth of the market in the country. Additionally, there is a rise in the demand for compact and multifunctional furniture solutions that optimize space utilization without compromising comfort or design among individuals. This, coupled with the increasing popularity of customization and personalization in various furniture that provides uniqueness, is propelling the growth of the market in Japan. Apart from this, the growing demand for eco-friendly furniture due to the increasing environmental concerns among the masses is positively influencing the market in the country. In addition, the wide availability of furniture through various distribution channels, such as hypermarkets, supermarkets, and specialty and online stores, is contributing to the growth of the market. Moreover, the increasing integration of advanced technologies in furniture, which include wireless charging, integrated lighting, and automated functions, to provide increased functionality, is offering lucrative growth opportunities to industry investors in Japan.

Japan Furniture Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Japan furniture market report, along with forecasts at the country level for 2023-2028. Our report has categorized the market based on material, distribution channel, and end use. 

Material Insights:

• Metal
• Wood
• Plastic
• Glass
• Others
   

The report has provided a detailed breakup and analysis of the Japan furniture market based on the material. This includes metal, wood, plastic, glass, and others.

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• Others
   

A detailed breakup and analysis of the Japan furniture market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, specialty stores, online stores, and others.

End Use Insights:

• Residential
• Commercial
   

A detailed breakup and analysis of the Japan furniture market based on the end use has also been provided in the report. This includes residential and commercial.

Regional Insights:

• Kanto Region
• Kinki Region
• Central/Chubu Region
• Kyushu-Okinawa Region
• Tohoku Region
• Chugoku Region
• Hokkaido Region
• Shikoku Region
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Kanto Region, Kinki Region, Central/Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the Japan furniture market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Japan Furniture Market Report Coverage:

Key Questions Answered in This Report:

• How has the Japan furniture market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Japan furniture market?
• What is the breakup of the Japan furniture market on the basis of material?
• What is the breakup of the Japan furniture market on the basis of distribution channel?
• What is the breakup of the Japan furniture market on the basis of end use?
• What are the various stages in the value chain of the Japan furniture market?
• What are the key driving factors and challenges in the Japan furniture market?
• What is the structure of the Japan furniture market and who are the key players?
• What is the degree of competition in the Japan furniture market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Japan furniture market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the Japan furniture market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Japan furniture industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.