September 4, 2019

Japan Home Accessories Market to Reach $12.20 Billion by 2025, at a 3.4% CAGR

Japan Home Accessories Market generated $9.42 billion in 2017 and is estimated to garner $12.20 billion by 2025, growing at a CAGR of 3.4% from 2018 to 2025. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.

Surge in the urbanization along with growth in infrastructure investment in residential sector are the two major factors that drive the growth of the Japan home accessories market. Furthermore, rise in disposable income supplements the market growth. On the other hand, availability of counterfeit brands hampers the Japan home accessories market growth. However, increase in e-commerce sales and technological advancements provides lucrative opportunities in the Japan home accessories market forecast.

Request Sample Report at:

The video games segment to maintain its leadership status by 2025

On the basis of the products, the segment is divided into PC, camera, video camera, video games, recorder, and other home accessories. The video games segment accounted for nearly one-third of the total market share in 2017 and is expected to maintain its dominance by 2025. This is due to the engagement of young people towards video games, easy availability of the video games on different devices such as personal computers, tablets, and laptops. In addition, decreasing cost of video game hardware coupled with easy availability of games is expected to fuel the video game market demand. However, the other home accessories segment is estimated to project the fastest CAGR of 6.7% from 2018 to 2025, owing to the increase in consumer readiness to invest on trending technologies and rise in usage of smart devices among the younger generation.

The specialty store real segment to maintain its dominance throughout the forecast period

On the basis of distribution, the segment is divided into supermarket real, specialty store real, manufacturer store, e-commerce company, and others. The specialty store held more than one-third of the total market share in 2017 and will maintain its dominance throughout the forecast period. This is due to the consumers preferability to analyze and evaluate the product before purchase, thereby boosting the retail sales of home accessories market through specialty store. Customers check the working of appliances in the stores and the type of accessories compatible with them. Therefore, specialty stores are projected to gain demand in the near future. However, the e-commerce company segment is estimated to register the highest CAGR of 4.5% from 2018 to 2025, owing to the rapid adoption of digital technologies and evolving shopping.

For Purchase Enquiry at:

Frontrunners of the industry

Leading market players analyzed in the research include Olympus Corporation, Hewlett-Packard (HP), Panasonic Corporation (Panasonic), Dell, Lenovo Group Limited (Lenovo), Sharp Corporation (Sharp), Sony Corporation (Sony), Samsung Electronics Co, Canon Inc. (Sony), and Nikon Corporation. They have adopted different strategies such as mergers & acquisitions, partnerships, collaborations, new product launches, and others to gain a strong position in the industry.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Japan Home Accessories Market to Reach $12.20 Billion by 2025, at a 3.4% CAGR