Market Trends of Japan Furniture Industry
This section covers the major market trends shaping the Japan Furniture Market according to our research experts:
Home Furniture is the Largest Segment
Japan is currently witnessing a high demand for home furniture, including the 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 on consumers, which is rising the demand for home furniture.
The rise in the number of household units and population migration are also contributing to this growth. The household spending on dining-room furniture in the country is also fairly stable although relatively small compared with spending on bedroom items. Japan imports nearly 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 in the country, driven by changes in culture and lifestyles, which is one of the major forces to influence 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 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.
