Japan Home Appliances Market | 2022 - 27 | Industry Share, Size, Growth - Mordor Intelligence (2022)

The Market is Segmented By Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Ovens, Air Conditioners, and Other Major Appliances), Small Appliances (Coffee or Tea Makers, Food Processors, Grills & Roasters, Vacuum Cleaners, and Other Small Appliances), Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Other Distribution Channels). The report offers market size and forecasts for the Japan Home Appliances Market in value (USD million) for all the above segments.

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Market Snapshot

Japan Home Appliances Market | 2022 - 27 | Industry Share, Size, Growth - Mordor Intelligence (7)
Study Period:2017- 2026
Base Year:2021
CAGR:>5 %
Japan Home Appliances Market | 2022 - 27 | Industry Share, Size, Growth - Mordor Intelligence (8)

Japan Home Appliances Market | 2022 - 27 | Industry Share, Size, Growth - Mordor Intelligence (9)

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Market Overview

Japan is one of the leading markets for home appliances. Improvement in economic conditions and an increase in disposable income are substantial factors that propel the Japanese household appliance market growth. Improved lifestyles and a rise in the buying power of consumers are the major impacts of high disposable income. Household appliances have become an integral part of our daily chores. A substantial number of consumers with high disposable income have been spending on household appliances including premium & smart appliances. Increase in a technologically advanced, rapid urbanization, growth of the housing sector, rise in per capita income, improvement in living standard, a surge in need for comfort in household chores, changes in consumer lifestyle, and escalation in a number of smaller households are the key factors that drive the growth of the Japan household appliance market.

COVID-19 continues to make an impact on a global level through travel restrictions, quarantines, and a heavy disruption to the economy. Facing the epidemic situation, many countries will have a common problem, and Japan is no exception. Working from home was not well accepted in Japan’s traditional business culture. Due to COVID-19, so many people started working from home for the first time, resulting in demand for home appliances. The burden of household chores has increased during COVID-19, and appliances that help people save time will benefit. Fully automated combination washing machines, dryers, and automatic dishwashers are in demand.

Scope of the report

A complete background analysis of the market, including the analysis of market size and forecast, market shares, industry trends, growth drivers, and vendors, is provided. The study also includes insights into market segmentation, by type, distribution channel, and geography. Additionally, the report features qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across key points in the industry’s value chain. The Market is Segmented By Major Appliances into Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Ovens, Air Conditioners, and Other Major Appliances, Small Appliances into Coffee or Tea Makers, Food Processors, Grills & Roasters, Vacuum Cleaners, and Other Small Appliances, Distribution Channel into Multi-brand Stores, Exclusive Stores, Online, and Other Distribution Channels. The report offers market size and forecasts for the Japan Home Appliances Market in value (USD million) for all the above segments.

Product
Major Appliances
Refrigerators
Freezers
Dishwashing Machines
Washing Machines
Ovens
Air Conditioners
Other Major Appliances
Small Appliances
Coffee/Tea Makers
Food Processors
Grills & Roasters
Vacuum Cleaners
Other Small Appliances
Distribution Channel
Multi-brand Stores
Exclusive Stores
Online
Other Distribution Channels

Report scope can becustomized per your requirements. Click here.

Key Market Trends

Smart Appliances are Driving the Market

Japan's smart appliances market is witnessing rapid growth. A substantial number of consumers with high disposable income have been spending on household appliances including premium & smart appliances. Home appliances available in the market are already smart in a way as they are being controlled through microcontrollers; however, the ability to connect to the Internet will make them smarter. Smart appliances are designed in such a way that they can communicate information directly to the service operator for efficient and productive use of electricity. These appliances are also known as intelligent appliances as they can measure and control their energy usage. IoT (Internet of Things) is an emerging trend in the market and smart appliances are a subset of IoT. The IoT helps integrate digital and wireless technologies in-home or kitchen appliances.

Japan Home Appliances Market | 2022 - 27 | Industry Share, Size, Growth - Mordor Intelligence (10)

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Increase in the Working Population

In the past few years, the lifestyle of the populace has changed mainly due to the tremendous increase in the number of the working population. This has led to an increase in household income and improvement in living standards. Since both the family members (husband & wife) are busy with office work, they get less time to complete household chores. This has necessitated the use of various equipment that helps carry out daily household chores. The usage of household appliances helps households to save time for themselves as well as serve effectively in their workplace. An increase in the working population, Improvement in economic conditions, and an increase in disposable income are substantial factors that propel the Japanese household appliance market growth.

Japan Home Appliances Market | 2022 - 27 | Industry Share, Size, Growth - Mordor Intelligence (11)
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Competitive Landscape

The report covers major international players operating in the Japan home appliances market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Porters Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

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    1. 5.1 Product

      1. 5.1.1 Major Appliances

        1. 5.1.1.1 Refrigerators

        2. 5.1.1.2 Freezers

        3. 5.1.1.3 Dishwashing Machines

        4. 5.1.1.4 Washing Machines

        5. 5.1.1.5 Ovens

        6. 5.1.1.6 Air Conditioners

        7. 5.1.1.7 Other Major Appliances

      2. 5.1.2 Small Appliances

        1. 5.1.2.1 Coffee/Tea Makers

        2. 5.1.2.2 Food Processors

        3. 5.1.2.3 Grills & Roasters

        4. 5.1.2.4 Vacuum Cleaners

        5. 5.1.2.5 Other Small Appliances

    2. 5.2 Distribution Channel

      1. 5.2.1 Multi-brand Stores

      2. 5.2.2 Exclusive Stores

      3. 5.2.3 Online

      4. 5.2.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Daikin

      2. 6.2.2 Electrolux

      3. 6.2.3 Haier

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      4. 6.2.4 Hitachi

      5. 6.2.5 LG

      6. 6.2.6 Midea group

      7. 6.2.7 Panasonic

      8. 6.2.8 Sharp

      9. 6.2.9 Bosch

      10. 6.2.10 Toshiba

    3. *List Not Exhaustive

  7. 7. FUTURE OF THE MARKET

  8. 8. DISCLAIMER

**Subject to Availability

Frequently Asked Questions

What is the study period of this market?

The Japan Home Appliances Market market is studied from 2017 - 2026.

What is the growth rate of Japan Home Appliances Market?

The Japan Home Appliances Market is growing at a CAGR of >5% over the next 5 years.

Who are the key players in Japan Home Appliances Market?

Haier, Daikin, Hitachi, Panasonic, Sharp are the major companies operating in Japan Home Appliances Market.

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FAQs

How big is the home appliance market? ›

global Home Appliance market size is estimated to be worth US$ 217910 million in 2022 and is forecast to a readjusted size of US$ 282150 million by 2028 with a CAGR of 4.4% during the review period.

Is the household appliances industry growing? ›

The U.S. household appliances market is expected to grow at a compound annual growth rate of 6.5% from 2021 to 2030 to reach USD 93.04 billion by 2030.

How much is the appliances industry worth? ›

Revenue in the Household Appliances market amounts to US$0.59tn in 2022. The market is expected to grow annually by 5.77% (CAGR 2022-2027).

How do I market my home appliances? ›

5 Tips on How to Advertise Your Small Domestic Appliances Better
  1. Educate your audience. Content is king and nothing much has changed since the coronation. ...
  2. Personalize Your Marketing Messages. Personalize your message to your target demographic. ...
  3. Update your content. Recycle old content! ...
  4. Use more videos. ...
  5. Prioritize local SEO.
15 Apr 2021

What is the largest home appliance company in the world? ›

Largest Appliance Manufacturers Research Summary

The largest appliance manufacturer in the world is Panasonic, with a 2021 annual sales of $62.969 billion and 259,385 employees.

Who is the largest seller of appliances? ›

The top three retailers, Lowe's (#1), The Home Depot (#2) and Best Buy remained unchallenged in 2019, generating 71.63 percent of the appliance revenue in 2019. Of note, The Home Depot posted a 9.1 percent gain, creeping ever closer to Lowe's position atop the throne.

What is the target market for home appliances? ›

Who are the target audience in the Home Appliances Market? Home appliances vendors, Home appliances retailers, Consumer electronic companies, Electronic companies are the target audience in the home appliances market.

Which country produces the best home appliances? ›

In 2019 Poland was number 1 in Sold Production of Electric Domestic Appliances. In 2019 Belgium was ranked number 20 in Sold Production of Electric Domestic Appliances attaining €13,225,893.87, from 25 in 2018.
...
Sold Production of Electric Domestic Appliances.
#1
27 Countries#1 Poland
Euros4,581,004,421.64
Last2019
YoY+5.4 %
26 more columns

What country produces the most home appliances? ›

China produces most home appliances: report.

What appliances use the most money? ›

Which home appliances use the most electricity?
  1. Heating and cooling: 45-50% The largest electricity consumer in the average household is your heating and cooling appliance. ...
  2. Water heater: 12% ...
  3. Lighting: 9-12% ...
  4. Refrigerator: 8% ...
  5. Washer and dryer: 5% ...
  6. Electric oven: 3% ...
  7. Dishwasher: 2% ...
  8. TV and cable box: 2%
22 Sept 2022

Why are appliances so expensive? ›

Right now, thanks to the pandemic, increased demand and limited supply are making it harder to find the dishwasher or refrigerator you need. When you do find one, it's most likely going to be on backorder for weeks or months. And the price tag is probably going to be bigger than you expected—much bigger than last time.

Why is there a shortage of major appliances? ›

Pandemic-caused factory shutdowns made it nearly impossible for manufacturers to keep up with demand, creating a backlog that the appliance industry has yet to fully recover from.

How can I increase home appliance sales? ›

Bundling. Bundling appliances means that the more appliances a customer buys, the more money she saves. Stores offer savings when a customer purchases a "bundle" -- two or more appliances -- at once. A customer could get a volume discount of 5 percent for two appliances, 10 percent for three or 15 percent for four.

What style of home sells the fastest? ›

Lower-priced starter homes are winning most buyers' hearts. Homes listed at between $200,000 and $250,000 were sold in 83 days on average, significantly faster than in any other price range.

What is the best way to market your home? ›

Here are our top tips to prepare your home for sale so it shows well and helps it sell faster and for the highest value possible.
  1. Declutter – but don't depersonalise. ...
  2. A fresh lick of paint. ...
  3. Fix and clean. ...
  4. Update the kitchen. ...
  5. Light and airy. ...
  6. Light a fire. ...
  7. Make it look pretty. ...
  8. Get the right smells.

What is the oldest appliance brand? ›

First of all some background on the company: Gaggenau was founded in 1681 by Margrave Ludwig Wilhelm von Baden. He established an ironworks in the German town Gaggenau, and named the company after the town.

Is Bosch and Whirlpool the same company? ›

Whirlpool is rebranding Bosch dishwashers as Jenn-Air.

What retailer sells the most appliances? ›

In 2021, Best Buy had the highest score for household appliances retailers in the United States with a score of 865.

What are the 4 types of target market? ›

Other Methods of Market Segmentation

Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of market segmentation, but there are also many other strategies you can use, including numerous variations on the four main types.

What are the 5 target markets? ›

Five ways to segment markets include demographic, psychographic, behavioral, geographic, and firmographic segmentation.

What are the 5 types of target market selection? ›

There are five patterns of target market selection, which was first put forward by D F Abell:
  • Single Segment Concentration.
  • Selective Segment Specialisation.
  • Market Specialisation.
  • Product Specialisation.
  • Full Coverage.

Which brand is best for refrigerator in world? ›

Best Refrigerator Brands to choose from in 2022
  • LG. With more than 25 years of experience in the appliance industry, LG is a trusted name in refrigeration. ...
  • Samsung. Another trusted name in appliances, Samsung offers a wide range of refrigerator models to suit every need and budget. ...
  • GE. ...
  • Whirlpool. ...
  • Maytag.
15 Jun 2022

Who is the best fridge manufacturer? ›

If you are looking for the best refrigerator brand in India, Samsung and Whirlpool are our top two recommendations. You can pick your ideal model from them as per your capacity requirement, space availability, and budget.

What country is standard appliances? ›

This Filipino owned appliance company is one of the most trusted brands in the Philippines for varieties of home essentials.

What country manufactures Bosch appliances? ›

Bosch is a German brand that competes in the global marketplace. Bosch has many factories around the world to serve local markets. For the U.S. market, Bosch predominantly manufactures its appliances in North Carolina.

Where are most appliances manufactured? ›

Side note: Keep in mind that a brand's country of origin (where it started, where it's headquartered, ownership, etc.) is often different from its country of manufacture (where products are made or produced). Most home appliances are manufactured either in South-East Asia, Europe, or the United States.

What appliances have the most problems? ›

Appliance Brands You May Want to Reconsider
  • Least Reliable Dishwashers: Frigidaire and Maytag. ...
  • Least Reliable Stove and Ranges: Maytag and LG. ...
  • Least Reliable Dryers: Frigidaire and Bosch. ...
  • Least Reliable Washing Machines: Frigidaire and Bosch. ...
  • Least Reliable Refrigerators: Bosch and Frigidaire.
9 Jul 2020

Should I unplug my TV when not in use? ›

The U.S. Consumer Product Safety Commission recommends unplugging electrical devices when not in use, predicated on the obvious but nevertheless correct observation that something unplugged can't start fires or shock someone.

Why Bosch is expensive? ›

In short, Bosch appliances are so expensive because they come equipped with the best technology, accompanied by sublime craftsmanship targeted for high quality and luxury. If you want a device that brings more value and seamlessness to your kitchen at a relatively higher price tag, Bosch is the ideal choice.

Will appliance prices go down 2022? ›

“Appliance manufacturers typically release new models in autumn, and with inflation abating somewhat, prices on 2022 models are likely to be lower than they were last year.”

What appliances are in short supply? ›

Large appliances, such as refrigerators, ranges, and dishwashers, are in short supply everywhere. While the pandemic created (or forced) us to cook at home and re-evaluate our living spaces, it also forced many manufacturers to halt production for a while.

Is there still an appliance shortage in 2022? ›

The 2022 national home appliance shortages are real, across all brands and all categories, and are going to continue.

Why are Bosch dishwashers so hard to get? ›

Q: What is causing these delays? A: Unprecedented demand for home appliances, global materials shortages and other logistical issues are affecting the entire appliance industry. Specific to Bosch, these challenges are causing delays in producing our products.

How can I increase my sales quickly? ›

  1. Be Present With Clients And Prospects. ...
  2. Look At Product-To-Market Fit. ...
  3. Have A Unique Value Proposition. ...
  4. Have Consistent Marketing Strategies. ...
  5. Increase Cart Value And Purchase Frequency. ...
  6. Focus On Existing Customers. ...
  7. Focus On Why Customers Buy. ...
  8. Upsell An Additional Service.
30 Mar 2021

How can I increase my sales rate? ›

10 tips on how to increase sales for your small business
  1. Ask questions and listen.
  2. Showcase your full potential.
  3. Assume the sale.
  4. Stand out.
  5. Tell your story visually.
  6. Overcoming objections in sales.
  7. Don't fear giving away too much upfront.
  8. Understand what motivates your customers to buy.
19 Sept 2022

How can I increase my sales instantly? ›

15 Proven Tips to Boost Your Sales Immediately
  1. Business knowledge is the backbone of professional selling. ...
  2. Define your Ideal Customer Profile. ...
  3. Make your CRM work for you. ...
  4. Elevate your positioning to Trusted Business Advisor. ...
  5. Modify your personality style to accommodate your prospects.
16 Nov 2015

What size house sells best? ›

The places that sold the quickest—on average, 86 days—were between 1,500 and 2,000 square feet and priced at about $194,000. Residences that are over 10,000 square feet, priced at an average of $3.45 million, stayed on the market for an average of 173 days, the data showed.

What type of home appreciates the most? ›

Buy A Fixer-Upper

The benefit of buying a fixer-upper is that it'll usually appreciate. By investing money into your property through renovations and upgrades, you increase the home's price tag. Not to mention, it can be a cheaper investment for you.

What is the most popular size home? ›

According to the real-estate firms Zillow and Redfin, the median size of an American single-family home is in the neighborhood of 1,600 or 1,650 square feet.

What should you not fix when selling a house 2022? ›

Your Do-Not-Fix list
  • 1) Normal wear and tear. ...
  • 2) Windows and window accessories. ...
  • 3) Minor HVAC, electrical, or plumbing issues. ...
  • 4) Partial upgrades to bathrooms or kitchens. ...
  • 5) Carpet or flooring. ...
  • 1) Light landscaping to increase curb appeal. ...
  • 2) Neutral paint. ...
  • 3) Anything glaringly broken.

What style of house sells the best? ›

Colonial. Colonial-style homes have the highest resale factor when all other elements are equal. These two-story homes that often have a boxlike appearance are popular because of the amount of functional living space that they often have.

How do you attract new home buyers? ›

9 Secret Tips to Attract Home Buyers
  1. Put Mirrors in Narrow Areas. ...
  2. Add Some Beauty to the Garden. ...
  3. Make Sure Your Home is Warm. ...
  4. Start Marketing your Home Before Spring Comes. ...
  5. Hire the Right Real Estate Agent. ...
  6. Consider Hiring an Online Real Estate Agent. ...
  7. Offer a Cup of Tea or Coffee to Potential Buyers.
24 Feb 2016

What is the target market for home appliances? ›

Who are the target audience in the Home Appliances Market? Home appliances vendors, Home appliances retailers, Consumer electronic companies, Electronic companies are the target audience in the home appliances market.

What is the most bought home appliance? ›

The most owned household appliances in the United States are microwaves, refrigerators, vacuum cleaners, cookers/ovens, and washing machines with a household ownership rate of more than 78 percent across all categories.

How big is the refrigerator market? ›

The global refrigerator market Size was valued at USD 64.17 billion in 2018 and is projected to reach USD 103.95 billion by 2026, exhibiting a CAGR of 6.3% during the forecast period.
...
ATTRIBUTEDETAILS
Study Period2015-2026
Base Year2018
Forecast Period2019-2026
Historical Period2015-2017
4 more rows

What are the 4 types of target market? ›

Other Methods of Market Segmentation

Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of market segmentation, but there are also many other strategies you can use, including numerous variations on the four main types.

What are the 5 target markets? ›

Five ways to segment markets include demographic, psychographic, behavioral, geographic, and firmographic segmentation.

What are the 5 types of target market selection? ›

There are five patterns of target market selection, which was first put forward by D F Abell:
  • Single Segment Concentration.
  • Selective Segment Specialisation.
  • Market Specialisation.
  • Product Specialisation.
  • Full Coverage.

Which is the world's No 1 refrigerator company? ›

Samsung. Samsung is one of the most well-known electrical appliance manufacturers, and their refrigerators are unquestionably the best. The company offers a long warranty, excellent customer service, intriguing designs, and useful features.

Which country produces the best home appliances? ›

In 2019 Poland was number 1 in Sold Production of Electric Domestic Appliances. In 2019 Belgium was ranked number 20 in Sold Production of Electric Domestic Appliances attaining €13,225,893.87, from 25 in 2018.
...
Sold Production of Electric Domestic Appliances.
#1
27 Countries#1 Poland
Euros4,581,004,421.64
Last2019
YoY+5.4 %
26 more columns

Which appliances last the longest? ›

Of the major appliances in a home, gas ranges have the longest life expectancy: 15 years. Dryers and refrigerators last about 13 years. Some of the appliances with the shortest lifespan are: compactors (6 years), dishwashers (9 years) and microwave ovens (9 years).

Who is the market leader in refrigerator? ›

LG is the top refrigerator brands in India by the market share.

What percentage of homes have refrigerators? ›

According to the latest government data, more than 99.8 percent of American homes own at least one refrigerator.

Why are most refrigerators out of stock? ›

Consumers are finding major appliances out of stock this year, due to supply chain disruptions caused in part by COVID-19. Ogilvie says that any supply chain is subject to “The Bullwhip Effect,” where small shifts in demand at the consumer level gets exponentially amplified at the raw material end of the supply chain.

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