New Consumer Goods market report from Euromonitor International: "Home Furnishings in Japan"
Boston, MA -- (SBWIRE) -- 11/10/2014 -- Sales of home furnishing products were supported by strong growth in new housing in 2013, before the expected tax hike in 2014 takes place. Sale of new housing has also been supported by the recovery in the economy. Increased numbers of consumers have needed to purchase furniture and other home products for their new houses. However, many of these new houses and apartments come with inbuilt closet, drawer and other storage spaces, which mean that consumers are not required to purchase much storage furniture.
The market is highly fragmented, with no players holding more than a 10% value share, and mostly dominated by domestic players. By some distance, Nitori Co leads in home furnishing with a 10% value share, followed by Panasonic.
Home furnishings is forecast to grow by a 1% CAGR over the forecast period. Currently, sales in home furnishing products are supported by growth in new housing sales, accelerated prior to the forthcoming tax hike. However, it is anticipated that sales in new housing will decline once tax is increased, which is likely to negatively influence sales of home furnishing products over the forecast period.
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Home Furnishing Market Research
Analyse key trends and developments in Japan for all product categories, competitors and channels.
Evaluate the market position and financial performance of the leading national and international market players.
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