The Japanese consumer appliances market is anticipated to grow at a significant CAGR during the forecast period. High disposable income, significant adoption of high-end advanced technology is some of the major factors for the growth of the country. Moreover, the country headquarters several global companies, due to this, many a time new technology are introduced first here and then marketed in other parts of the globe. Besides, the busy lifestyles of young people living alone or in the nuclear family and increasing the elderly population will also motivate the market in the country.
Among consumer electronics, air conditioners are expected to witness considerable growth due to heatwaves in the future. Refrigerators and washing machines are also expected to perform well to reduce the burden of housework due to double-income work. A decline in reactionary was witnessed in 2019 due to consumption tax hikes however, it is expected to be limited for a couple of years. Television demand due to the Tokyo Olympics in 2021 is also expected to witness a boost with full-scale broadcasting in 4K & 8K resolutions. However, the population decline can hamper the market growth. Moreover, major market revenue will be related to replacement only as the market is already matured in most of the sectors.
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Japan Consumer Appliances Market Segmentation
By Product Type
- Air Solution
- HVAC System
- Air Purifier
- Air Cooler
- Fans and Exhaust Fans
- Entertainment
- Television
- Speaker, Smart Speaker &Radio
- Gaming Console
- Digital Camera
- Laundry & Cleanliness
- Washing Machine & Dryers
- Dishwasher
- Vacuum Cleaner
- Connectivity
- Smartphone
- Tablets
- Desktop & Laptop (& Accessories)
- Water Solution
- Water Purifier
- Water Geyser
- Water Pump
- Kitchen Appliances
- Refrigerators
- Microwave
- Mixer & Juicer
- Stove & Hobs
- Other (Electric Chimney, Kettle, Toaster)
- Grooming Accessories (Trimmer, Blower, Straightener, Electric Brush)
- Wearables
- Other Consumer Appliances
By Usage
- Personal Care/Individual
- Domestic Use
By Distribution Channel
- Online
- Offline
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Company Profiles
- Apple Inc.
- Canon Inc.
- Daikin Industries, Ltd.
- Fujifilm Holdings Corp.
- Fujitsu Ltd.
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- Koninklijke Philips N.V.
- Lenovo Group Ltd.
- LG Electronics Inc.
- Mitsubishi Electric Corp.
- Nikon Corp.
- Panasonic Corp.
- Rinnai Corp.
- Sharp Corp.
- Samsung Electronics Co., Ltd.
- Sony Corp.
- Toshiba Corp.
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