The key companies covered in the Japan Window Coatings market research report are TOSO Company Limited, Nichibei Co., Ltd., Nien Made Enterprise Co., Ltd., Hunter Douglas NV, Silent Gliss International Ltd., Nanik Japan, Inc., Carolina Blind Crafters, Lutron Electronics Co., Inc., Tachikawa Corporation and other key market players.
New York, Feb. 15, 2022 (GLOBE NEWSWIRE) — According to statistics from the Japan National Tourism Organization (JNTO), visitor arrivals to Japan increased from 8,611,175 numbers in 2010 to 3,188,2049 numbers in 2019. Additionally, travel expenditure per foreign traveler in the country increased from 130,819 units in 2011 to 158,531 units in 2019. In addition, the country’s GDP, according to World Bank statistics, touched USD 5.065 trillion (in current US dollars) in 2019, rising from USD 4.389 trillion (in current US dollars) in 2015.
Research Nester recently published a report titled “window covering market in japan: Analysis of demand and outlook for opportunities 2020-2030which includes a detailed analysis of major market players along with their latest developments and market strategies. Moreover, the report, which is studied for the forecast period, i.e., 2021-2030, focuses on the latest market trends and key factors driving the growth of the market.
Japan’s tourism and hospitality industry, which also contributes significantly to the country’s GDP, is booming. The industry is also a major consumer of window coverings, including products such as curtains, draperies and others. According to International Trade Center (ITC) statistics, Japan was the third largest importer of curtains, including drapes and interior blinds, recording a growth in import value from USD 211,550,000 in 2015 to USD 250,365,000. in 2020. Also, preferences for window coverings, such as curtains, drapes, shutters, and blinds, among others, are increasing significantly in the country as these products are known to enhance the aesthetics of the room or from home. Moreover, with the rising standard of living of Japanese people, supported by increasing household disposable income and increasing urbanization, the demand for window coverings is expected to increase significantly in the coming years. According to statistics from the Organization for Economic Co-operation and Development (OECD), the adjusted gross household disposable income in Japan increased from 25,024 USD/capita in 2008 to 29,891 USD/capita in 2017. On the other hand, in one of the World Bank statistics, the urban population as a share of the country’s total population reached 91.782% in 2020 from 78.649% in 2000.
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The Japanese window coverings market, which generated revenue of USD 685.2 million in 2020, is further projected to reach USD 1018.9 million by the end of 2030, growing with a CAGR of 4. 1% over the forecast period. Moreover, the market is expected to register an annual growth of 4.28% in 2030 compared to the previous year. The growth of the market can also be attributed to the many opportunities generated by the increasing availability of housing in the country, as well as the growing trends in rental housing. According to statistics from the Japan Bureau of Statistics, the total number of dwellings in the country increased from 57,586,000 in 2008 to 62,407,000 in 2018.
The Japanese window coverings market is segmented on the basis of type into blinds, shutters, shades, curtains and drapes, etc. Of all these segments, the Blinds segment recorded the largest revenue of USD 231.6 million in 2020 and is further expected to touch USD 371.6 million by the end of 2030, increasing with the CAGR the higher by 4.9% during the forecast period. . The segment should also reach the fastest growing of 1.6X over the forecast period. The Blinds segment, on the other hand, is expected to grow with the second highest CAGR of 4.1% during the forecast period and also register the second highest revenue of USD 260.5 million by the end of 2030.
“The final report will cover the impact analysis of COVID-19 on this industry.”
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The Japanese window coverings market is further segmented by curtain track type into rods and tracks. Out of these two segments, the rods segment is expected to generate the largest revenue by the end of 2030 and also register the highest market share during the forecast period. Moreover, the crawler segment is expected to achieve the fastest growth of 1.4X and grow with the highest CAGR of 3.7% during the forecast period. The segment is further divided into corded track, bay window track, cordless track, double curtain track and others. Among all these segments, wireline crawler segment is expected to generate the largest revenue of USD 39.9 million by the end of 2030. Meanwhile, bay caterpillar segment is expected to grow with the highest CAGR high by 4.1% over the forecast period.
The Japanese window coverings market is also segmented on the basis of distribution channel and end user.
Japan window coverings market, segmentation by distribution channel
Japan window coverings market, segmentation by end user
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Some of the major industry leaders in the Japanese window coverings market that are included in our report are TOSO Company Limited, Nichibei Co., Ltd., Nien Made Enterprise Co., Ltd., Hunter Douglas NV, Silent Gliss International Ltd., Nanik Japan, Inc., Carolina Blind Crafters, Lutron Electronics Co., Inc., Tachikawa Corporation and others.
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