The market is dominated by domestic suppliers, as imports account for 25.5% of total market size in 2021. B2B drives market demand, with B2B spending representing 100% of total demand in 2021. Japan has the second largest market size for industrial and laboratory furnaces regionally, with demand reaching USD1.6 billion in 2021. Koyo Thermo Systems Co Ltd is the largest company in Japan, generating 9.3% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 29.8% of total production value in 2021. The total number of companies increases in 2021, to 475 units. The costs of the industry decrease by 1.8% in 2021, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 3.1% of production value in 2021, the 18th highest regionally. With production value of USD1.6 billion, Japan accounts for 21.2% of the Asia Pacific total in 2021.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Japan: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Japan: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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