Japan: home renovation market size 2030

In 2022, the home renovation market size in Japan was estimated at around 7.3 trillion Japanese yen, up from 6.9 trillion yen in the previous year. The market was forecast to peak at 7.7 trillion yen in 2030.

Market size of home renovations in Japan from 2015 to 2022 with a forecast until 2030 (in trillion Japanese yen)

Characteristic	Market size trillion Japanese yen
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Release date

July 2023

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Region

Japan

Survey time period

2015 to 2022

Supplementary notes

*Forecasts.

All figures are estimates calculated by the source.
Survey objects were companies in the home renovation business.

Figures refer to renovation works ordered and paid for by residents. Excluding renovation works ordered by owners to attract tenants and major renovations of condominium buildings paid for from reserve funds.

Including refurbishment of space, facility repairing and maintenance cost, and furniture and interior costs.

100 Japanese yen equal 0.69 U.S. dollars or 0.64 euros as of July 2023.

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