Booming Industries In Japan
English Public
The growth of any country is mainly based around a trajectory of industrial expansion. Regardless of the sector, as long as an industry continues to thrive, it will bring in revenue, which in turn will contribute to the country's GDP and its position in the global economy.
1. e-commerce
Continuous innovation in high-tech network infrastructure, rapid urbanisation with an increasingly tech-savvy customer base, moderate land area and well-developed distribution channels are some of the reasons why the e-commerce industry in Japan has grown significantly in recent years. Driven by the shopping ecosystem, the company's e-commerce market is mainly categorised into food and beverages, beauty and personal care, fashion and apparel, furniture and home, and consumer electronics. Of these, consumer electronics dominate the market due to the easy and cost-effective return and exchange policies offered by the e-commerce industry. This is because customers can compare and order the same product from a huge number of brands at their convenience, have it delivered to their home and even call a technician to demonstrate the product they have received. Ordering online is more secure. You can return or exchange a defective product within 30 days if it is defective, according to your own schedule. Therefore, the customer satisfaction experience that shoppers get through e-commerce will also drive market growth in 2023.
2. credit cards
Credit cards remain the most popular cashless payment method in Japan, despite the presence of several other digital payment methods in the market. Thanks to the accompanying incentive programmes, customers find them more advantageous than those offered by pre-paid and debit cards. In addition, the increased convenience brought by the e-commerce industry after the COVID-19 pandemic has finally made credit cards the shopper's method of choice for digital transactions. In addition, many corporate websites offer a 'card save' facility, which means that customers do not have to re-enter their card details multiple times, making future transactions via the same platform hassle-free.
3. tourism
The Government of Japan is doing its best to promote tourism to its country by removing some of the obstacles that have surfaced over the past decade. It has introduced the issuing of short-term visas that allow foreign tourists to enter and stay in Japan for 90 days, with a daily entry limit of approximately 50,000 people. In this way, an industrial boom can be seen in the Japanese market from all over the world. Many tour operators, travel agents and marketing companies have introduced digital promotion campaigns to encourage travellers and explorers to visit their home countries and promote the expansion of the tourism industry.
4. automotive batteries
The automotive battery market is gaining momentum due to the surging demand for hybrid and electric vehicles in Japan and is expected to surge by 2023. Automotive batteries are essentially rechargeable batteries specifically designed for vehicles. These batteries not only provide the energy needed to start the engine, but also power the vehicle's electrical components such as lights, radios and other accessories. They consist of sealed lead-acid or lithium-ion batteries connected in series. However, batteries comprising sealed lead-acid batteries are more prevalent in the market. The Japanese automotive battery market is expected to show positive growth in the coming years.
Read the full information: https://www.sdki.jp/blog/booming-industries-in-japan/27
1. e-commerce
Continuous innovation in high-tech network infrastructure, rapid urbanisation with an increasingly tech-savvy customer base, moderate land area and well-developed distribution channels are some of the reasons why the e-commerce industry in Japan has grown significantly in recent years. Driven by the shopping ecosystem, the company's e-commerce market is mainly categorised into food and beverages, beauty and personal care, fashion and apparel, furniture and home, and consumer electronics. Of these, consumer electronics dominate the market due to the easy and cost-effective return and exchange policies offered by the e-commerce industry. This is because customers can compare and order the same product from a huge number of brands at their convenience, have it delivered to their home and even call a technician to demonstrate the product they have received. Ordering online is more secure. You can return or exchange a defective product within 30 days if it is defective, according to your own schedule. Therefore, the customer satisfaction experience that shoppers get through e-commerce will also drive market growth in 2023.
2. credit cards
Credit cards remain the most popular cashless payment method in Japan, despite the presence of several other digital payment methods in the market. Thanks to the accompanying incentive programmes, customers find them more advantageous than those offered by pre-paid and debit cards. In addition, the increased convenience brought by the e-commerce industry after the COVID-19 pandemic has finally made credit cards the shopper's method of choice for digital transactions. In addition, many corporate websites offer a 'card save' facility, which means that customers do not have to re-enter their card details multiple times, making future transactions via the same platform hassle-free.
3. tourism
The Government of Japan is doing its best to promote tourism to its country by removing some of the obstacles that have surfaced over the past decade. It has introduced the issuing of short-term visas that allow foreign tourists to enter and stay in Japan for 90 days, with a daily entry limit of approximately 50,000 people. In this way, an industrial boom can be seen in the Japanese market from all over the world. Many tour operators, travel agents and marketing companies have introduced digital promotion campaigns to encourage travellers and explorers to visit their home countries and promote the expansion of the tourism industry.
4. automotive batteries
The automotive battery market is gaining momentum due to the surging demand for hybrid and electric vehicles in Japan and is expected to surge by 2023. Automotive batteries are essentially rechargeable batteries specifically designed for vehicles. These batteries not only provide the energy needed to start the engine, but also power the vehicle's electrical components such as lights, radios and other accessories. They consist of sealed lead-acid or lithium-ion batteries connected in series. However, batteries comprising sealed lead-acid batteries are more prevalent in the market. The Japanese automotive battery market is expected to show positive growth in the coming years.
Read the full information: https://www.sdki.jp/blog/booming-industries-in-japan/27
by akiariku
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