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Japan Office Furniture Market - Growth, Trends, and Forecasts (2020-2025)

  • ID: 5012746
  • Report
  • May 2020
  • Region: Japan
  • 150 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Bene
  • Herman Miller
  • Itoki
  • Kurogane
  • Okamura Corporation
  • Steelcase
  • MORE
The Japan office furniture market is expected to witness strong growth in the forecast period owing to factors, like increasing employment rate and rising consumption of office spaces, which fuel the market demand for office furniture in the country.

Japan is the main office furniture manufacturer and consumer in the Asia-Pacific region (excluding China and India), accounting for nearly 57% of the total production and 59% of total consumption. The main destinations for Japanese office furniture exports are Asia and the Pacific, followed by North America.

Key corporate houses and enterprises are investing significantly in interiors and furnishing of their office spaces to provide a productive and comfortable work environment for their employees. Many office furniture manufacturers and designers offer chairs with better comfort to minimize stress. Furthermore, increasing penetration of smart furniture is also boosting the market growth. For instance, advanced office desks are available in the market with installed sensors, where the employee can manually measure their preference for their comfort level. These sensor attached chairs also guide the employee about the right posture during work hours. Growing adoption of convenient and comfortable office furniture is expected to further drive the market growth

Furthermore, the development of innovative products and the adoption of modern and high-quality ergonomic furniture by offices is expected to fuel the growth of the market in the forecast period.

Key Market Trends

Rise in Sales of Office Furniture in Japan

The demand for office furniture in Japan has significantly increased, with the increasing construction of office buildings, the emergence of new venture capital companies, and the elimination of the labor shortage issues. Companies are opting for a change in their office spaces, coupled with the idea of ​​investing in a new office building, and the increasing shared office spaces have fueled the demand for office furniture.

The most widely sold product categories in the office furniture market are office desks and cabinets. Many companies in Japan make efficient operation and improvement investments, by changing the layout and furniture periodically, and thus, the demand for renewal is expanding, which is further boosting the sales of office furniture products in the country.

Increase in New Offices in the Tokyo Metropolitan Area

In cities, like Tokyo, there is a steady rise in the number of large-scale office buildings, which is fueling the demand for the office furniture market. Tokyo's 23 wards, which are special forms of municipalities in Japan's capital city, have several new large-scale office buildings, with a total floor space of 10,000 sq. m or more. The annual average space of these office buildings is expected to increase to 1.09 million square meters in 2020 from 2016. Although it will be slower than in 2011-2015, the construction of large office buildings is expected to continue, which will further boost the growth of the office furniture market.

Furniture companies, such as Kokuyo, have started introducing solutions that propose a total solution for the office space, from requirements surveys to layout proposals, selection and import of office furniture, and after-sales service, mainly for large-scale offices. These solution proposals are expected to boost the growth of office furniture in the new buildings.

Competitive Landscape

The office furniture market in Japan is fairly consolidated, with the top four companies occupying more than 50% of the market share. These top four companies are Okamura Corporation, Kokuyo, Itoki, and Uchida Yoko. The market also has the presence of international players, such as Steelcase and Herman Miller. The market is witnessing the entry of home furniture companies, such as MUJI, into the office furniture space and the competition in the office furniture industry is expected to become fierce with more players entering this space.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bene
  • Herman Miller
  • Itoki
  • Kurogane
  • Okamura Corporation
  • Steelcase
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS
4.1 Insights on Standards and Regulations for Office Furniture in Japan
4.2 Insights on Key Trends in the Industry
4.3 Insights on Latest Innovations

5 MARKET DYNAMICS
5.1 Market Overview
5.2 Market Drivers
5.3 Market Restraints
5.4 Porter's Five Forces Analysis

6 MARKET SEGMENTATION
6.1 By Material
6.1.1 Wood
6.1.2 Metal
6.1.3 Plastics
6.1.4 Other Materials
6.2 By Products
6.2.1 Meeting Chairs
6.2.2 Lounge Chairs
6.2.3 Swivel Chairs
6.2.4 Office Tables
6.2.5 Storage cabinets
6.2.6 Desks
6.3 By Distribution Channel
6.3.1 Direct
6.3.2 Indirect

7 COMPETITIVE LANDSCAPE
7.1 Market Competion Overview
7.2 Company Profiles
7.2.1 Okamura Corporation
7.2.2 Kokuyo
7.2.3 Itoki
7.2.4 Uchida Yoko
7.2.5 Kurogane
7.2.6 Steelcase
7.2.7 Herman Miller
7.2.8 Haworth
7.2.9 HNI Corporation
7.2.10 Bene
7.2.11 Sedus Stoll
7.2.12 Martela
7.2.13 Scandinavian Business Seating

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

9 APPENDIX

10 DISCLAIMER
Note: Product cover images may vary from those shown
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  • Okamura Corporation
  • Kokuyo
  • Itoki
  • Uchida Yoko
  • Kurogane
  • Steelcase
  • Herman Miller
  • Haworth
  • HNI Corporation
  • Bene
  • Sedus Stoll
  • Martela
  • Scandinavian Business Seating
Note: Product cover images may vary from those shown
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