Japan Home Furniture Market Report and Forecast 2024-2032

Japan Home Furniture Market Outlook

The Japan home furniture market size reached approximately USD 61.60 billion in 2023. The market is estimated to grow at a CAGR of 3.5% in the forecast period of 2024-2032, reaching a value of around USD 84.52 billion by 2032.

Key Trends in the Market

Home furniture refers to household equipment such as tables, chairs, cupboards, and beds, which support daily activities such as sitting, eating, sleeping, and storing items, among others. Along with functional usage, furniture can also enhance the aesthetic appeal of a space.

• The growing popularity of eco-friendly home furniture, which is manufactured from recyclable materials, responsibly sourced components, and has a low VOC finish, is one of the key Japan home furniture market trends. For example, bamboo has gained prominence in green furniture, due to its aesthetic appeal as well as minimal carbon footprint. Additionally, recycled materials may contain reclaimed wood or metal and recycled plastic that can reduce the overall waste from landfills.

• Due to the rising ageing population in Japan, there is an increasing demand for furniture that can offer enhanced comfort. Some of these furniture pieces include meditation chairs that can reduce back pain, orthopaedic pillows that provide comfort to the spine, neck, and shoulders, and portable chairs that allow extended head support for a comfortable sitting position.

• Strategic efforts by market players to expand their market reach through new stores also support the Japan home furniture market growth. For example, in February 2023, Karimoku, a Japan-based furnishing company, opened its second showroom in Kyoto, which features its wooden furniture collection as well as some furniture pieces from local artists.

Market Analysis

Based on product type, the market is divided into beds, tables and desks, sofa and couch, chairs and stools, and cabinets and shelves, among others. The Japan home furniture market segmentation, on the basis of material, includes metal, wood, plastic, and glass, among others. Based on distribution channel, the market is classified into home centres, speciality stores, flagship stores, and online stores, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Japan home furniture market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Inter IKEA Systems B.V. 

• Haworth Inc.

• Ashley Furniture Industries, LLC 

• MillerKnoll Inc. 

• Ikesho Co., Ltd.

• Karimoku Furniture Inc.

• CASSINA IXC Ltd.

• Hida Sangyo Co., Ltd.

• Shimanchu Co., Ltd.

• Nitori Group (Shimachu Co., Ltd.)

• Kashiwa Mokko Co., Ltd.

• Others

Market Share by Product Type

Chairs and stools occupy a significant portion of the Japan home furniture market share as they are essential furnishing items required for comfort and sitting.  The rising trend of minimalism in Japan, due to the limited space in urban areas, has also fuelled the demand for portable, compact, and multifunctional chairs and stools that offer the comfort of a seat without taking any additional space.

Furthermore, the adoption of a work-from-home culture has led to a surge in the requirement for office chairs that can provide supportive seating for hours.

Market Share by Material

As per the Japan home furniture market analysis, wood accounts for a substantial market share, owing to its cost-effectiveness and widespread usage in the country. Wood is also a naturally occurring raw material, and if responsibly sourced, offers an excellent sustainable furnishing option to buyers.

Additionally, it offers features like durability and versatility and adds a unique aesthetic appeal through different coloured hues and textures that cannot be found with other materials.

Competitive Landscape

Inter IKEA Systems B.V. is a ready-to-assemble furniture company, founded in 1943 and based in Delft, the Netherlands. The company mainly offers modernist furniture designs for bedrooms, living rooms, kitchens, and bathrooms, among others. Some of its popular products include beds, sofas, storage furniture, and dining tables, among others.

Haworth Inc., incorporated in 1948 and headquartered in Michigan, the United States, is a furniture manufacturing company. Some of its popular furniture designs include Cabana Lounge, Poppy, Hemm, Cega, A-Bench, and Cellular Sofa, among others. It also features designer brands such as Cassina, Cappelini, and JANUS et Cie, among others.

Ashley Furniture Industries, LLC, established in 1945, is a home furnishing company, based in Wisconsin, the United States. Some of its popular categories in the Japanese market include bedroom, dining room, living room, and home décor furniture pieces, among others. The company features popular furniture collections such as Classic, Bolanburg, Langford, and Realyn.

Other Japan home furniture market players include MillerKnoll Inc., Ikesho Co., Ltd., Karimoku Furniture Inc., CASSINA IXC Ltd., Hida Sangyo Co., Ltd., Shimanchu Co., Ltd., Nitori Group (Shimachu Co., Ltd.), and Kashiwa Mokko Co., Ltd., among others.

Key Highlights of the Report