Japanese firms publish market research on woodwork tools and restaurant spending

The Market Research Center Co., Ltd. released a global market forecast for biscuit‑plate cutting joinders, estimating the market size at $194 million in 2024 and projecting growth to $242 million by 2031 with a 3.2 % annual CAGR. Growth drivers include expanding furniture manufacturing, increased home‑renovation demand, and broader adoption of precise wood‑joining tools, while higher raw‑material costs and competition from alternative methods pose constraints.

Circana Japan Ltd. (formerly NPD Japan) published a consumer‑spending analysis showing that in 2025, individuals who reduced visits to full‑service restaurants cut their annual out‑of‑home dining spend by about ¥23,000 (a 28 % decline). In contrast, spending on quick‑service restaurants fell only 10 % and its share of total restaurant expenditure rose by eight percentage points to 41 %. The report attributes the shift to price‑inflation pressures prompting consumers to favor lower‑cost dining options.