Rapidly Growing Consumer and Goods Industry to Provide Fillip Growth of Japan Household Appliance Market | AB Electrolux, Qingdao Haier Co., Ltd. (Haier), Hitachi, Ltd., LG Electronics Inc. (LG), Midea Group Co., Ltd

According to a new report published by Allied Market Research, titled, "Japan Household Appliance Market by Product, Distribution Channel, and Region: Opportunity Analysis and Industry Forecast, 2018 - 2025,"the Japan household appliance market was valued at $20,279.9 million in 2017, and is expected to reach $27,979.0 million by 2025, growing at a CAGR of 4.0% from 2018 to 2025. The entertainment & information appliances is expected to retain its dominant position, in terms of revenue generation, throughout the Japan household appliance market forecast period.

Manufacturers in the household appliances market are continuously developing products with enhanced functionality and features to remain competitive. Despite developing products with higher added value, the prices for the products have collapsed and thus, remained stagnant at a low level for several years. The decrease in price was due to the pressure of competition from countries with low manufacturing costs. Manufacturers are also facing pressure related to margins owing to fierce competition in the Japan household appliance market. This price fall is forcing companies to develop innovative products. This decrease in price trend of household appliances is encouraging customers to purchase the products, which in turn can drive the Japan household appliance market.

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Reducing prices of household appliances has a positive impact on the Japan household appliance market growth. According to the United Nations, a large part of the world is currently undergoing urbanization. Nearly 54.8% of the world’s population presently lives in urban areas. Growth in urbanization has resulted in the changing lifestyle of individuals. Increase in number of nuclear families, coupled with rise in urbanization creates a huge demand for household appliance.

Rapid urbanization has led to increased need for faster and more reliable household appliances such as refrigerator, air condition, washing machines, which help save time, money, and are convenient for daily use. High price and remarkable popularity of household appliance brands have led to the advent of counterfeit brands. Counterfeit brands are generally prevalent in the developing economies where customers are highly price-sensitive.

This factor restricts the sale of the existing original household appliance brands in the Japan market. On the Contrary, development of durable, energy-efficient household appliances at economic price is anticipated to increase the rate of penetration among low- and middle-income groups.

Japan Household Appliance Market Research Report Provides:-

• Overview and analysis of market drivers, opportunities, restraints, threats, and challenges
• Overview and analysis of market segmentation
• Business strategies and expansion
• Market growth, share, distribution, and status on the regional and global platform

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The growth of Japan household appliances market is attributed to the increase in per capita income of consumer, which fuels the improvement in lifestyle and enables higher standards of living. The convergence of technologies and platforms, lifestyle trends, growth in need for mobility, and technological advances are fundamentally changing the way in which consumers interact with media content. The market growth for entertainment & information appliances is also being driven by the emergence of wireless technology and subsequent demand for smart entertainment devices that have Wi-Fi connectivity embedded in them. These devices help streamline the setup, allowing the user to access music and movies of their choice without a lengthy process. Majority of the companies operating in the home entertainment market are focusing on product launches to enhance their product portfolio and bring competitive product offerings into the market thus increasing the Japan household appliance market size.

Key findings of the Japan Household Appliance Market:
By product type, the refrigerator segment of Japan household appliances market is expected to grow at a CAGR of 5.1%, in terms of revenue, from 2018 to 2025.
By product type, the washing machine segment is expected to grow at a CAGR of 3.4%, in terms of revenue, from 2018 to 2025.
By product type, the cooking appliances segment is expected to grow at a CAGR of 4.4%, in terms of revenue, from 2018 to 2025.
By product type, the wall oven segment is expected to, grow at a CAGR of 5.0% in terms of revenue, from 2018 to 2025.
By distribution channel, the specialty store real segment is expected to lead the Japan household appliance market at a CAGR of 3.7%

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LIST OF TABLES

TABLE 01. JAPAN HOUSEHOLD APPLIANCES MARKET, BY PRODUCT, 2017–2025 ($MILLION)
TABLE 02. JAPAN HOUSEHOLD APPLIANCES MARKET, BY DISTRIBUTION CHANNEL, 2017–2025 ($MILLION)
TABLE 03. JAPAN HOUSEHOLD APPLIANCE MARKET THROUGH REAL SUPERMARKETS, 2017-2025 ($MILLION)
TABLE 04. JAPAN HOUSEHOLD APPLIANCE MARKET THROUGH ECOMMERCE SUPERMARKETS, 2017-2025 ($MILLION)
TABLE 05. JAPAN HOUSEHOLD APPLIANCE MARKET THROUGH REAL SPECIALTY STORES, 2017-2025 ($MILLION)
TABLE 06. JAPAN HOUSEHOLD APPLIANCE MARKET THROUGH ECOMMERCE SPECIALTY STORES, 2017-2025 ($MILLION)
TABLE 07. JAPAN HOUSEHOLD APPLIANCE MARKET THROUGH REAL MANUFACTURER STORE, 2017-2025 ($MILLION)
TABLE 08. JAPAN HOUSEHOLD APPLIANCE MARKET THROUGH ECOMMERCE MANUFACTURERE STORE, 2017-2025 ($MILLION)
TABLE 09. JAPAN HOUSEHOLD APPLIANCE MARKET THROUGH E-COMMERCE, 2017-2025 ($MILLION)
TABLE 10. JAPAN HOUSEHOLD APPLIANCE MARKET THROUGH OTHER DISTRIBUTION CHANNELS, 2017-2025

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