Research Nester published a report titled “Japan Window Coverings Market: Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the Japan window coverings market in terms of market segmentation by type, curtain rail type, distribution channel, and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The Japan window coverings market is anticipated to grow with a CAGR of 4.1% over the forecast period, i.e., 2021 – 2030. The market is segmented by type into window blinds, window shutter, window shades, curtains & drapes, and others, out of which, the window blinds segment is expected to generate the largest revenue of USD 371.6 Million by the end of 2030, up from a revenue of USD 231.6 Million in the year 2020. The segment is further projected to grow with the highest CAGR of 4.9% during the forecast period.
The Japan window coverings market is also segmented by curtain rail type into rods and tracks, out of which, the rods segment generated the largest revenue in the year 2020, and is further expected to hold the highest market share during the forecast period.
The Japan window coverings market is estimated to garner a revenue of USD 1018.9 Million by the end of 2030, up from a revenue of USD 685.2 Million in the year 2020. Growing urbanization in the nation, along with the rising household disposable income of the individuals, are some of the major factors which are anticipated to create numerous opportunities for market growth. Besides this, the growing tourism and hospitality industry in the nation is also expected to drive the demand for window coverings, and in turn, contribute to the market growth.
Growing Demand for Aesthetic Products Amongst the Japanese People
The GDP of Japan increased from USD 4.389 Trillion (in current US$) in the year 2015 to USD 5.065 Trillion in the year 2019, according to the statistics by the World Bank.
Backed by the surge in the economy of Japan, and the nation being the third largest economy in the world, the people of the country love to enjoy a very high standard of living. As a result, there is a growing need for products, such as window curtains, drapes, shades, and others, amongst these individuals which increases the aesthetics of the house. Besides this, the tourism and hospitality industry in the nation is witnessing a surge in the number of tourist arrivals, which is also projected to create numerous opportunities for the market growth in the coming years.
However, the increasing preference for smart glass over window coverings is expected to operate as key restraint to the growth of Japan window coverings market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Japan window coverings market which includes company profiling of TOSO Company Limited, Nichibei Co., Ltd., Nien Made Enterprise Co., Ltd., Hunter Douglas N.V., Silent Gliss International Ltd., Nanik Japan, Inc., Carolina Blind Crafters, Lutron Electronics Co., Inc., Tachikawa Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Japan window coverings market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.