Japan Kitchen Appliances Market Outlook 2031:
The Japan kitchen appliances market size was valued at USD 7.56 Billion in 2022 and is projected to reach USD 13.90 Billion by 2031, expanding at a CAGR of 7% during the forecast period 2023 - 2031. The growth of the market is attributed to development of more sophisticated, higher-end products by the manufacturers.
Japan kitchen appliance refers to the machine which is used for preparing food. Some of the examples of these kitchen appliances are ovens, blenders, countertop stoves, fridges, dishwashers, ice cream makers, food processors, electric mixers, espresso machines, grills, toaster ovens, coffee makers, waffle makers and gas stove. Modern kitchen appliances provide better comfort in using and handling of kitchen appliances.
The Covid-19 pandemic had an adverse impact on the Japan kitchen appliances market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Kitchen Appliances Market Trends, Drivers, Restraints, and Opportunities
- Increasing pressure to generate value through the development of more sophisticated, higher-end products by key players are expected to drive the market during the forecast period.
- Rising demand for convenient appliances to aid busy modern consumers by reducing time pressure is anticipated to boost the market in coming years.
- Growing applications and demand for multifunctional kitchen appliances is estimated to propel the Japan kitchen appliances market.
- Kitchen appliance makes cooking healthier and aids in food storage safer, thereby, rising interest in more advanced cooking is expanding the market.
- Deep penetration and lowering customer base are projected to impede the market.
- R&D investment and technological advancement in Japan kitchen appliances market are expected to offer lucrative opportunities for the market players.
Scope of Kitchen Appliances Market Report
The report on Japan kitchen appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Japan Kitchen Appliances Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Type (Food Preparation Appliances, Small Cooking Appliances, Large Kitchen Appliances, and Others) and Distribution Channel (Specialist Retailers, E-commerce, Supermarkets and Hypermarkets, Departmental Stores, and Others)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Zojirushi; Samsung; Philips; Panasonic and Hitachi.
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Kitchen Appliances Market Segment insights
The small cooking appliances segment is projected to constitute a large market share
Based on product type, the Japan kitchen appliances market is segregated into food preparation appliances, small cooking appliances, large kitchen appliances, and others. The small cooking appliances segment is expected to account for a key share of the market during the forecast period owing to the limited space available in the Japanese kitchens.
Moreover, the small cooking appliances consist of added features and superior product design, changing trend towards rice cookers and toasters and application of small cooking appliances in health-orientated positioning, such as that of light fryers and electric steamers are projected to drive the market during the forecast period.
The e-commerce segment is expected to register a substantial CAGR
Based on distribution channel, the market is divided into specialist retailers, e-commerce, supermarkets and hypermarkets, departmental stores, and others. The , e-commerce segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to increasing number of consumers are getting prone to purchasing online.
Home shopping retailers has also boosted the internet retailing ratio. Large home shopping retailers like Japanese Takata, Jupiter Shop Channel, and QVC are increasing the proportion of their sales through e-commerce. Home shopping and e-commerce are improving in terms of the development of an integrated, multi-channel strategy which is projected to spur the market in near future.
Segments
The Japan kitchen appliances market has been segmented on the basis of
Product Type
- Food Preparation Appliances
- Small Cooking Appliances
- Large Kitchen Appliances
- Others
Distribution Channel
- Specialist Retailers
- E-commerce
- Supermarkets and Hypermarkets
- Departmental Stores
- Others
Key Companies
Competitive Landscape
Key players competing in the Japan kitchen appliances market include Zojirushi; Samsung; Philips; Panasonic and Hitachi. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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