Japan Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 22.58 Billion |
| Market Size (2029) | USD 25.57 Billion |
| CAGR (2024 - 2029) | 2.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Furniture Market Analysis
The Japan Furniture Market size is estimated at USD 22.58 billion in 2024, and is expected to reach USD 25.57 billion by 2029, growing at a CAGR of 2.52% during the forecast period (2024-2029).
The outbreak of the COVID-19 pandemic acted as a massive restraint on the furniture market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Steps by national governments to contain the transmission of the virus resulted in the halting of manufacturing activities and a decline in economic activity, with countries entering a state of "lockdown." However, the furniture market is now recovering and is expected to grow at a strong rate.
Some of the major factors driving the demand for furniture products in the country include rising disposable income, increasing household and commercial spaces, and rising urbanization. The Japanese furniture industry had evolved from a small market of around 50 billion yen to nearly 3.5 trillion yen in 2019. The popularity of high-end and luxury furniture is a big part of why Japanese people buy so much furniture.
The country is witnessing increased construction activity, which has led to the expansion of residential real estate and a significant increase in the number of households in the country. This is boosting the demand for furniture products such as living room and bedroom furniture. The country is also witnessing an increased demand for office furniture products due to the rising consumption of office spaces, fueling market demand. When people in Japan start a new family, there is also a rise in demand for beautiful, long-lasting high-end solid wood furniture. This helps the market grow.
The market share of imported furniture in Japan has risen significantly in the last few years. Among imported furniture, wooden furniture occupies the largest proportion, followed by furniture accessories, metal furniture, plastic furniture, etc. With low labor costs, China has become Japan's largest furniture importer, accounting for nearly 40% of the total Japanese wooden furniture imports. Some of the other countries that import furniture products from Japan are Thailand, Vietnam, Malaysia, the Philippines, Indonesia, Germany, and Italy.
Japan Furniture Market Trends
Home Furniture is the Largest Segment
Japan is currently witnessing a high demand for home furniture, including living room and dining room furniture, bedroom furniture, and kitchen furniture. The country is witnessing expanded construction activity with new housing units being built across the country and an increase in the per capita disposable income of consumers, which is raising the demand for home furniture.
The rise in the number of household units and population migration are also contributing to this growth. Household spending on dining-room furniture in the country is also relatively stable, albeit small in comparison to spending on bedroom items. Japan imports nearly all its bedroom furniture from China, Vietnam, and other Southeast Asian countries.
Expansion of Single Person Homes Creates Opportunities
The trends in Japan's housing sector are central to the future of the furniture manufacturing sector. The current upward trend in the country is an increasing number of one-person households, driven by changes in culture and lifestyles, which is one of the major forces influencing furniture demand in the country.
Single-person households are the fastest-growing household group in the country and may eventually become the largest such group in Japan. Singles need less space and can, therefore, save on rent and house-building costs. Due to limited space, furniture needs to be both pleasing and practical. Storage cabinets are popular among singles in small homes, and many other portable furniture items may witness increased demand. There is potential for the Japanese furniture market segments to grow, especially for competitively priced items designed for singles in small spaces, such as drawers, cabinets, fold-away dining tables, and dining chairs, which is expected to increase the demand for furniture products in the country.
Japan Furniture Industry Overview
The Japanese furniture market is fragmented with the presence of local and international players, such as Nitori, Muji, Karimoku, Sankou, and Ikea. The manufacturers are offering a range of styles, from traditional Japanese to Scandinavian styles, and are focusing on offering products with varied color options and simple designs at reasonable prices.
Japan Furniture Market Leaders
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Nitori
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Muji
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Karimoku Furniture Co., Ltd.
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IKEA Kobe
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Cassina Ixc
*Disclaimer: Major Players sorted in no particular order
Japan Furniture Market News
- In January 2024, as a part of its expansion, IKEA opened a new store in the North Kanto region in Japan. It is the first store in the region and the tenth store in Japan.
- In May 2023, one of the leading Japanese producers of wooden furniture, Karimoku Furniture Inc., partnered up with internationally recognized avant-garde design firm Zaha Hadid Design to create SEYUN, an exclusive collection of exquisite furniture.
Japan Furniture Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 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 Market Opportunities
- 4.5 Value Chain/Supply Chain Analysis
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4.6 Industry Attractiveness - Porter's Five Forces Analysis
- 4.6.1 Bargaining Power of Buyers
- 4.6.2 Bargaining Power of Suppliers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights of Technology Innovations in the Market
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Material
- 5.1.1 Wood
- 5.1.2 Metal
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5.2 By Application
- 5.2.1 Home Furniture
- 5.2.2 Office Furniture
- 5.2.3 Hospitality Furniture
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5.3 By Distribution Channel
- 5.3.1 Supermarkets & Hypermarkets
- 5.3.2 Specialty Stores
- 5.3.3 Online
- 5.3.4 Others
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5.4 COMPETITIVE LANDSCAPE
- 5.4.1 Market Competion Overview
- 5.4.2 Company Profiles
- *List Not Exhaustive
- 5.4.2.1 Nitori
- 5.4.2.2 Muji
- 5.4.2.3 Karimoku Furniture Co., Ltd.
- 5.4.2.4 IKEA Kobe
- 5.4.2.5 Cassina Ixc
- 5.4.2.6 Huasheng Furniture Group
- 5.4.2.7 Ariake
- 5.4.2.8 CondeHouse
- 5.4.2.9 Hida Sangyo
- 5.4.2.10 Miyazaki Chair Factory
6. APPENDIX
7. DISCLAIMER
** Subject To AvailablityJapan Furniture Industry Segmentation
The furniture market consists of various movable pieces of furniture such as chairs, desks, beds, cabinets, etc. They are used for various human activities like sleeping, sitting, and storage.
The Japanese furniture market is segmented by material, application, and distribution channel. The market by material is further segmented into wood, metal, plastic, and other furniture. The market by application is further segmented into home furniture, office furniture, hospitality furniture, and other furniture. The market by distribution channel is further segmented into supermarkets, hypermarkets, specialty stores, online, and other distribution channels. The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Material | Wood | |
| Metal | ||
| By Application | Home Furniture | |
| Office Furniture | ||
| Hospitality Furniture | ||
| By Distribution Channel | Supermarkets & Hypermarkets | |
| Specialty Stores | ||
| Online | ||
| Others | ||
| COMPETITIVE LANDSCAPE | Market Competion Overview | |
| Company Profiles | Nitori | |
| Muji | ||
| Karimoku Furniture Co., Ltd. | ||
| IKEA Kobe | ||
| Cassina Ixc | ||
| Huasheng Furniture Group | ||
| Ariake | ||
| CondeHouse | ||
| Hida Sangyo | ||
| Miyazaki Chair Factory |
Japan Furniture Market Research FAQs
How big is the Japan Furniture Market?
The Japan Furniture Market size is expected to reach USD 22.58 billion in 2024 and grow at a CAGR of 2.52% to reach USD 25.57 billion by 2029.
What is the current Japan Furniture Market size?
In 2024, the Japan Furniture Market size is expected to reach USD 22.58 billion.
Who are the key players in Japan Furniture Market?
Nitori, Muji, Karimoku Furniture Co., Ltd., IKEA Kobe and Cassina Ixc are the major companies operating in the Japan Furniture Market.
What years does this Japan Furniture Market cover, and what was the market size in 2023?
In 2023, the Japan Furniture Market size was estimated at USD 22.01 billion. The report covers the Japan Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Japan Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Furniture Industry Report
Statistics for the 2024 Japan Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Furniture analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
