Kitchen & Dining Furniture - Japan

Japan

In Japan, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to €1.24bn.
It is projected that the market will experience an annual growth rate of 2.60% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, reaching €35,990m in 2024.
In terms of per person revenues, in Japan generates 0.00 in 2024.
Japan's demand for minimalist, space-saving kitchen and dining furniture is driving a surge in innovative designs and compact solutions.

Key regions: Canada, United Kingdom, Brazil, Germany, India

Marché

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Comparaison de régions

Monnaie

Analyst Opinion

The Kitchen & Dining Furniture market in Japan has been experiencing steady growth in recent years. Customer preferences for modern and functional furniture have been driving this trend. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: in Japan for Kitchen & Dining Furniture have shifted towards modern and functional designs. Japanese consumers value furniture that is not only aesthetically pleasing but also practical and space-saving. This preference for modern and functional furniture is reflected in the demand for compact dining sets, multipurpose storage units, and minimalist designs. Additionally, Japanese consumers prioritize quality and durability when purchasing furniture, ensuring that their investments will last for a long time. Trends in the Kitchen & Dining Furniture market in Japan include the rise of online shopping and the increasing popularity of eco-friendly and sustainable products. Online shopping has become more prevalent in recent years, offering convenience and a wide range of options to consumers. This trend has led to the growth of online retailers specializing in Kitchen & Dining Furniture, providing customers with easy access to a variety of products. Furthermore, there is a growing demand for eco-friendly and sustainable furniture in Japan. Consumers are becoming more conscious of the environmental impact of their purchases and are actively seeking out furniture made from sustainable materials and produced using environmentally friendly processes.

Local special circumstances: in Japan, such as limited living spaces and an aging population, have also influenced the development of the Kitchen & Dining Furniture market. With limited living spaces, Japanese consumers prioritize furniture that is compact and space-saving, allowing them to maximize the use of their available space. This has led to the popularity of foldable or extendable dining tables and chairs that can be easily stored when not in use. Additionally, Japan has an aging population, which has created a demand for furniture that is accessible and comfortable for older individuals. Features such as adjustable height and ergonomic designs are increasingly sought after by Japanese consumers.

Underlying macroeconomic factors: have also played a role in the growth of the Kitchen & Dining Furniture market in Japan. The country has experienced a stable economy with a high standard of living, allowing consumers to invest in quality furniture. Additionally, the government's efforts to promote domestic consumption and stimulate the economy have contributed to increased consumer spending on furniture. Furthermore, the influence of Western lifestyles and the popularity of home cooking and entertaining have also fueled the demand for Kitchen & Dining Furniture in Japan. In conclusion, the Kitchen & Dining Furniture market in Japan has been developing due to customer preferences for modern and functional designs, the rise of online shopping, the demand for eco-friendly and sustainable products, local special circumstances such as limited living spaces and an aging population, as well as underlying macroeconomic factors such as a stable economy and government initiatives to promote domestic consumption.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.