Japan Furniture Market Overview, 2028

Japan Furniture Market Overview, 2028
The Japanese furniture market is predicted to expand rapidly. Rapid disposable income, increased residential and commercial space and rapid urbanization are some of the primary reasons boosting demand for furniture items in the country. The popularity of high-end and luxury furniture is a key element of Japanese furniture consumption. The country is seeing increased construction activity, which has resulted in the growth of residential real estate and a large increase in the number of families. This is increasing demand for furniture, such as living room and bedroom furniture. The country is also seeing an increase in demand for office furniture products as office space utilization rises, fueling market demand. Japan is also seeing an increase in demand for exquisite and long-lasting, high-end solid wood furniture when starting a new family, which is fueling market expansion. This growth is also being fueled by an increase in the number of household units and population migration. Household spending on dining-room furniture in the country is likewise pretty consistent but tiny in comparison to spending on bedroom items. China, Vietnam, and other Southeast Asian countries supply nearly all of Japan's bedroom furniture. Single-person households are rapidly increasing throughout the country. Singles require less space and can thus save money on rent and house construction. Furniture must be both aesthetically beautiful and functional due to the restricted space. Storage cabinets, as well as many other movable items, are popular among singles in small homes, and much other portable furniture may witness increased demand.

According to the research report ""Japan Furniture Market Overview, 2028,"" published by Bonafide Research, the Japan Furniture market is projected to reach market size of USD 36.35 Billion by 2028. Additionally, consumer concerns about the environment have led to a surge in the buying of environmentally friendly goods like bamboo furniture or recycled wood products, which are popular replacements for traditional materials. The popularity of environmentally friendly materials used in furniture production methods, such as sustainable timber resources or other bio-based components, has expanded as a result of government programs supporting green construction techniques. To keep up with consumer tastes, manufacturers are also launching innovative product designs like modular or sectional couches and customizable bedroom sets, along with cutting-edge technology features like automated recliners or sleep monitoring systems built into mattresses. As a result, businesses that offer value-added services to their clients, such as simple installation choices, can profit from this development, which will eventually help them, increase their profit margins through higher levels of client satisfaction. Japanese furniture is renowned for its simple, clean-lined, and uncomplicated designs, which are hallmarks of Japanese minimalism. The focus is on crucial components and practical forms. Japanese furniture frequently uses natural materials like rice paper, bamboo, and wood. The warmth, sincerity, and connection to nature that these materials produce are all positive. Futons are traditional Japanese bedding consisting of a mattress and duvet that are placed directly on the floor or on a low platform. Futon beds are space-saving and can be easily stored during the day.

Based on material market is divided into wood, metal, plastic, glass, and others. Plastic material is expected to grow at the fastest rate during the forecast period. Due to a number of variables that highlight the material's growing importance and appeal, plastic materials are anticipated to rise quickly during the projection period in the Japanese furniture industry. Plastic has become a versatile and creative material for furniture design in Japan, with a focus on modernity, functionality, and sustainability. Its light weight and adaptability enable the development of ergonomic and space-saving furniture solutions, ideally complementing the nation's small living quarters and changing lifestyle trends. Based on product type, market is segmented into beds, tables & desks, sofa & couch, chairs & stools, cabinets & shelves, and others. Cabinets and shelves products are gaining significant traction in Japan. Living spaces in Japanese cities are frequently confined and small. Cabinets and shelves provide effective storage solutions that make the best use of available space. They enable inhabitants to arrange and store possessions without cluttering the living space, leading to a sense of order and comfort. Cabinets and shelves frequently have multifunctional elements such as concealed compartments, fold-out workstations, or integrated lighting. This corresponds to the requirement for multifunctional furniture, particularly in compact living spaces.

Based on application market is divided into residential, office, hotel, others (hospital furniture). Among them other segment that includes, hospital furniture is expected to grow at the fastest rate in Japan. Japan has one of the fastest-aging populations in the world. As the older population grows, so does the demand for healthcare services such as hospitals and long-term care institutions. Hospital furniture that is ergonomically designed and has particular functionality to meet the demands of elderly patients is vital for providing comfortable and effective care. Healthcare technology is continually changing, and hospital furniture must accept and incorporate these modern advancements. Adjustable beds with remote controls, bedside monitoring systems, and ergonomic furniture for medical workers all contribute to the increased need for hospital furniture. Furthermore, the distribution channel market is segmented into specialty stores (traditional stores, branded furniture/flagships stores, lifestyle stores, home centers), supermarkets and hypermarkets (department stores, discount department stores), online, others (office supply stores, buying through a designer). Online channel are expected to register highest CAGR of the market in Japan. Online shopping provides unrivaled convenience, allowing customers to explore, compare, and buy furniture from the comfort of their own homes. With busy lifestyles and a need for hassle-free shopping experiences, the internet channel offers a convenient way to access a diverse choice of furniture solutions. Consumers can visually arrange furniture items in their living areas before purchasing them using advanced technologies such as augmented reality (AR) and virtual reality (VR). This visualization feature improves the online purchasing experience and assists customers in making more informed decisions. Japan's e-commerce infrastructure is well developed, with efficient logistics and dependable delivery services. This infrastructure facilitates the expansion of online furniture sales by ensuring quick and secure product delivery.

Considered in this report:
• Geography: Japan
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Japan Furniture market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material:
• Wood
• Metal
• Plastic
• Glass
• Others

By Product:
• Beds
• Tables & Desks
• Sofa & Couch
• Chairs & Stools
• Cabinets & Shelves
• Others

By Category:
• Indoor
• Outdoor

By Application:
• Residential
• Office
• Hotel
• Others (Hospital Furniture)

By Distribution Channel:
• Specialty Stores (Traditional Stores, Branded Furniture/Flagships Stores, Lifestyle Stores, Home Centers)
• Supermarkets and Hypermarkets (Department Stores, Discount Department Stores)
• Online
• Others (Office Supply Stores, Buying Through a Designer)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Furniture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.