Household appliances is still dominant and popular in the market. (Image via

Japan Household Appliance Market's Worth Prediction in 2025

Toska Dhia Andana
Market & Investment
Japan Market
Jul 22, 2019
2883
Household appliance market is on the rise in the last few years. The demand of user friendly from household appliances is increased, especially on things such as fridges, ovens, microwaves, small appliances, as well as Parts & Accessories. It is also revealed that entertainment & information appliances are going to stay in the dominant position even after years from now on. It is most likely due to the fact that entertainment & information appliances are demanded by everyone, every age. If there is a new type of phone (same brand) coming out, some couldn’t help it but to buy a newer mobile phones.

Allied Market Research (AMR) revealed a study they did on the household appliance market in Japan. It is reported that the market is expected to be $27,979 million in 2025. Meanwhile, in 2017, it was reported the market was valued at $20,279 million. Thus, by 2025, the market is expected to grow at a CAGR of 4% from 2018. The survey also able to predict by that there will be a changing lifestyle of individuals.

Other than, Japan’s household appliance, Allied Market Research did a research for products outside Japan as well. According to them, the word’s e beloved electronic brands are still Samsung and LG. These two manufacturers are expected to have a significant growth as well, by 2025.

Source: http://hitechnewsdaily.com/2019/07/japan-household-appliance-market-size-worth-27979-0-million-by-2025-cagr-4-0-amr/

Japan , Household , Appliances , Research , Study