The forecast for household expenditure on lighting appliances in Japan from 2024 to 2028 shows a gradual decline. In 2023, the expenditure stood at 1.16 thousand Japanese yens. The year-on-year percentage changes indicate a consistent decrease: -1.74% (2025), -0.88% (2026), -1.79% (2027), and -0.91% (2028). Over the last two years, the decline from 1.16 in 2023 to 1.13 in 2025 and further to 1.09 in 2028 represents the evolving market trend. The Compound Annual Growth Rate (CAGR) over the five-year period reveals a negative growth trajectory, at approximately -1.23% per year.
Future trends to watch for include advances in energy-efficient lighting technologies, potential government incentives for greener homes, and shifts in consumer behavior towards sustainability. These factors may influence household expenditure on lighting appliances and should be monitored closely for strategic planning.
