Japan Home Appliances Market by Product and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018-2025
PORTLAND, OREGON, USA, July 20, 2022 /EINPresswire.com/ — Allied Market Research has released a new report titled “Japan Household Appliance Market”. The report offers an in-depth analysis of key growth strategies, drivers, opportunities, segments, Porter’s Five Forces Analysis, and the competitive landscape. Japan Home Appliances Market size was valued at USD 20,279.9 Million in 2017 and is projected to reach USD 27,979.0 Million by 2025, growing at a CAGR of 4.0% from 2018 to 2025 .
Rising per capita income, rapid urbanization and growth in the housing sector have driven the growth of the Japanese home appliance market. The specialty store real estate segment dominated the market in 2018, contributing more than two-fifths of the market. On the other hand, the e-commerce business segment is expected to register the fastest CAGR of 4.9% during the forecast period.
The Japanese home appliance market is segmented on the basis of product and distribution channel. According to the product, the Japanese home appliance market is categorized into refrigerator, air conditioner and heater, entertainment and information appliances, washing machine, dishwasher, wall oven, microwave, cooking appliances, coffee maker, blender, juicers, canisters, deep cleaners, other vacuum cleaners, steam mops and other appliances. Based on the distribution channel, the market is divided into supermarket, specialty store, manufacturer store, e-commerce company and others.
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In September 2018, OnePlus, the Chinese smartphone manufacturing company, announced the expansion of its product line in the SmartTV industry and is expected to compete with other brands and its rival smartphone companies such as Xiaomi and Samsung. In October 2016, Bose launched new wireless soundbars and surround sound systems. These devices are very small in size and provide the best audio experience. Devices launched by Bose are enabled with Wi-Fi and Bluetooth and with NFC for easy pairing. In September 2016, Sony launched its Z series range of its flagship BRAVIA 4K HDR TVs. These TVs are equipped with a new 4K image processor, 4K HDR processor.
Manufacturers in the home appliance market are continuously developing products with enhanced features and functionality to stay competitive. Despite the development of higher value-added products, product prices collapsed and thus remained stagnant at a low level for several years. The fall in prices is due to the pressure of competition from countries with low manufacturing costs. Manufacturers are also under pressure on margins due to fierce competition in the Japanese appliance market. This fall in prices forces companies to develop innovative products. This downward trend in home appliance prices encourages customers to buy the products, which in turn may stimulate the Japanese home appliance market. The reduction in household appliance prices is having a positive impact on the growth of the Japanese household appliance market.
Entertainment and information devices were the highest revenue generator in the Japanese household appliances market and are expected to grow at a CAGR of 4.4% during the forecast period. The entertainment and information device manufacturing industry is very dynamic in nature. Technological advancements and replacement play a vital role in the growth of the industry. The growing penetration of Smart TVs facilitates the use of applications that were previously developed for smartphones. TV is getting smarter with the addition of features such as browsing the web, downloading videos, streaming games live from websites, and downloading news and traffic updates. Although smart TVs currently represent only a small portion of overall sales, adoption of these devices is on the rise as consumers recognize the availability of the vast amount of web content.
Covid-19 pandemic is vitally impacting the growth of Household Appliances Market in Japan and has altered several market scenarios. Lockdowns in various countries and bans on international travel have disrupted the supply chain and revenue chain. The report includes an in-depth analysis of the Covid-19 pandemic on the growth of the household appliances market in Japan.
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Key players profiled in the report include AB Electrolux, Qingdao Haier Co., Ltd. (Haier), Hitachi, Ltd., LG Electronics Inc. (LG), Midea Group Co., Ltd. (Midea), Panasonic Corporation (Panasonic), Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation (Sharp) and Whirlpool Corporation.
Key benefits for the Japanese home appliance market:
• This report provides a quantitative analysis of the current Japanese home appliance market trends, estimates and market dynamics from 2018 to 2025 to identify existing market opportunities.
• An in-depth analysis of the Japanese home appliance market of market size helps to determine the existing market opportunities.
• Key countries in all major regions are mapped according to their market share.
• Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
• The Japan Home Appliances Market forecast is provided with the information related to key drivers, restraints and opportunities.
○ The white goods market size is expected to reach $1,031.0 billion by 2027
○ Dishwasher market registers a CAGR of 7.5% from 2021 to 2030
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