Forecast: Department Stores and Supermarkets Household Electric Appliances Sales in Japan

Between 2013 and 2023, sales of household electric appliances in Japanese department stores and supermarkets decreased from 217.02 to 160.91 billion Japanese yen, marking a notable decline over the decade. The year-on-year variation in 2023 was -1.89%, continuing the general trend of decline. The Compound Annual Growth Rate (CAGR) over the past five years is -1.34%, highlighting a consistent decline in sales.

From 2024 to 2028, forecasts suggest a continued decline, with a 5-year CAGR of -1.67% and an overall sales drop of 8.09%. By 2028, sales are projected to reach 144.22 billion Japanese yen.

Future trends to watch for include technological advancements, increasing online sales, demographic shifts, and potential changes in consumer habits towards energy-efficient and smart appliances, which could influence the market. Monitoring these factors will be crucial for predicting long-term trends and opportunities in this sector.