Japan Home Accessories Market Outlook - 2025
The Japan home accessories market size was valued at $9,425.7 million in 2017 and is expected to reach $12,203.5 million by 2025, growing at a CAGR of 3.4% from 2018 to 2025. Home accessories are electronic (analog or digital) equipment intended for everyday use in homes. Home accessories can be categorized into small appliance or brown goods consumer electronics. These are generally equipped with special connections such as electrical or have an i50nbuilt battery and thus, helps in mobility of the appliances around the house. Small appliances are semi-portable or portable machines and are generally used on platforms such as counter-tops and table tops. Some of the small appliances are clocks, and speakers among others. Consumer electronic devices are used for entertainment, communications, and home-office activities, such PCs, video game, recorder, and camera.
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Improvement in economic conditions and increase in disposable income are substantial factors that propel the Japan home accessories market growth. Improved lifestyle and rise in buying power of consumers are the major impacts of high disposable income. Home accessories have become an integral part of our daily chores. A substantial number of consumers with high disposable income have been spending on household accessories including premium & smart appliances. The overall demand for home accessories has increased among urban households, as they help save time, simplify the work, and fuel the comfort level. Thus, improved standard of living, rise in need to ease daily chores, and surge in disposable income are projected to boost the penetration of home accessories, thereby driving the Japan home accessories industry growth. In the past few years, lifestyle of populace has changed mainly due to tremendous rise in the number of working women. This has led to increase in household income and improvement in the living standards.
Developments in technology, rapid urbanization, increase in the construction sector, rise in per capita income, improvement in living standard, surge in need for comfort in homes, changes in consumer lifestyle, and escalation in number of smaller households are the key factors that drive the growth of the Japan home accessories market. In addition, inclination of consumers toward eco-friendly & energy-efficient appliances further boost the growth of the Japan home accessories market. Moreover, factors such as government initiatives for energy-efficient appliance undertaken across Japan are expected to facilitate the adoption of energy efficient appliances in the recent years.
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The Japan home accessories market is segmented based on product and distribution channel. Depending on product, the Japan home accessories market is classified into pc, camera, video camera, video games, recorder, and other home accessories. Based on distribution channel, the Japan home accessories market is classified into supermarket, specialty store, manufacturer store, and e-commerce company.
Some of the key strategies adopted by Japan home accessories industry players in this market are acquisition, business expansion, partnership, collaboration, product launch, merger, joint venture, and agreement. Key players profiled in the report include Hewlett-Packard (HP), Dell, Lenovo Group Limited (Lenovo), Sony Corporation (Sony), Canon Inc. (Sony), Nikon Corporation, Samsung Electronics Co, Sharp Corporation (Sharp), Panasonic Corporation (Panasonic), and Olympus Corporation.
Key Benefits for Japan Home Accessories Market:
- This report provides a quantitative analysis of the current Japan home accessories market trends, estimations, and dynamics of the market from 2018 to 2025 to identify the prevailing market opportunities.
- An in-depth japan home accessories market analysis of the Japan home accessories market size helps determine the prevailing market opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- The Japan home accessories market forecast is provided along with the information related to key drivers, restraints, and opportunities.
- A detailed analysis of the Japan home accessories market segments measures the potential of the market. These segments outline the favorable conditions for the market forecast.
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