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Handbags Market in Japan by Distribution Channel and Product - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 106
  • SKU: IRTNTR74331
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The handbags market in Japan is projected to grow by USD 801.39 billion with a CAGR of 6.48% during the forecast period 2021 to 2026.

This handbags market in Japan research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the handbags market in Japan segmentation by distribution channel (offline and online) and product (totes, clutches and wallets, shoulder bags, and satchels and saddles). The handbags market in Japan report also offers information on several market vendors, including ACE Co. Ltd., Anello Direct, Coo Co. Ltd., Gabiani Design, IKETEI Co. Ltd., ISSEY MIYAKE Inc., Kanmi, Okayama Denim, Samantha Thavasa Japan Ltd., Tokyo Otaku Mode Inc., Tsuchiya Kaban Co. Ltd., UN BILLION Co. Ltd., and Yoshida Co. Ltd. among others.

What will the Handbags Market Size in Japan be During the Forecast Period?

Handbags Market in Japan Size

Download Report Sample to Unlock the Handbags Market Size in Japan for the Forecast Period and Other Important Statistics

 

Handbags Market in Japan: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.

Key Handbags Market Driver in Japan

Demand for eco-friendly and sustainable handbags is rising, which is one of the key drivers supporting the Japanese handbags market growth. Traditional leather tanning is bad for people and pollutes the environment. Similarly, the polyvinyl chloride (PVC) that is used to make handbags contains substances such as lead and mercury, which have a negative impact on people and the environment during all stages of their lifecycle, including production, use, and disposal. As a result, there is an increase in demand for specific raw materials used in the production of handbags in nations all over the world, including Japan. Thus, the increasing focus of vendors on manufacturing eco-friendly and sustainable handbags and the rising adoption of such products among consumers in Japan is expected to drive the growth of the market during the forecast period.

Key Handbags Market Trend in Japan

The strong influence of celebrity endorsements on purchasing decisions is one of the key Japanese handbags market trends contributing to the market growth. Manufacturers of handbags and personal luxury goods adopt a variety of marketing campaigns and strategies to expand their customer base. Celebrity endorsements are a popular marketing tool used by sellers to build their brand image and spur sales of luxury handbags. Celebrities such as Taylor Swift, Beyonce, Hailey Baldwin, Selena Gomez, and Kendall Jenner often endorse new products and brands. Consumers get influenced and make their purchase decisions based on celebrity endorsements, which will fuel the growth of the market during the forecast period. 

Key Handbags Market Challenge in Japan

Backpacks and duffel bags replacing handbags are one of the factors hindering the Japanese handbags market growth. A substantial number of women are switching from handbags to backpacks and duffel bags made of technological fabrics. The Millennial generation and other travelers who take short trips prefer lightweight luggage that can hold more garments and have a great demand for backpacks and duffle bags. Additionally, increasing fashion consciousness among consumers is expected to prompt the use of backpacks with associated advantages such as bottle-carrying spaces. Thus, the high demand for backpacks and duffel bags among young girls may hinder the growth of the market during the forecast period.

This handbags market in Japan analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the handbag market in Japan as a part of the global apparel, accessories, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the handbags market in Japan during the forecast period.

Who are the Major Handbags Market Vendors in Japan?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ACE Co. Ltd.
  • Anello Direct
  • Coo Co. Ltd.
  • Gabiani Design
  • IKETEI Co. Ltd.
  • ISSEY MIYAKE Inc.
  • Kanmi
  • Okayama Denim
  • Samantha Thavasa Japan Ltd.
  • Tokyo Otaku Mode Inc.
  • Tsuchiya Kaban Co. Ltd.
  • UN BILLION Co. Ltd.
  • Yoshida Co. Ltd.

 

This statistical study of the handbags market in Japan encompasses successful business strategies deployed by the key vendors. The handbags market in Japan is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • tsuchiya-kaban-global.com - The company offers handbags that have ample storage space, which allows their long-term use, making them perfect for both casual and formal occasions.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The handbags market in Japan research report contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.

Handbags Market in Japan Value Chain Analysis

Our in-house experts produce extensive information on the value chain and parent market of the Japanese handbags market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from the entire research findings as per the scope of the report.

What are the Revenue-generating Distribution Channel Segments in the Handbags Market in Japan?

Handbags Market in Japan Share

To gain further insights on the market contribution of various segments Request PDF Sample

The handbags market share growth in Japan by the offline segment will be significant during the forecast period. Offline retail channels such as convenience stores, hypermarkets and supermarkets, and factory outlets are the most popular and preferred channels for the sales of a wide range of handbags, as they provide a vast assortment of products under a single roof. Factors such as discounts and an enhanced shopping experience further encourage consumers to buy handbags from offline retail channels. Thus, offline retail channels also have the advantage of selling high volumes of handbags. This, in turn, will boost segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the handbags market in Japan size and actionable market insights on the post-COVID-19 impact on each segment.

 

Handbags Market Scope in Japan

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.48%

Market growth 2022-2026

$801.39 billion

Market structure

Fragmented

YoY growth (%)

5.88

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ACE Co. Ltd., Anello Direct, Coo Co. Ltd., Gabiani Design, IKETEI Co. Ltd., ISSEY MIYAKE Inc., Kanmi, Okayama Denim, Samantha Thavasa Japan Ltd., Tokyo Otaku Mode Inc., Tsuchiya Kaban Co. Ltd., UN BILLION Co. Ltd., and Yoshida Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Handbags Market in Japan Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive handbags market growth in Japan during the next five years
  • Precise estimation of the handbags market size in Japan and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the handbags industry in Japan across Japan
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of handbags market vendors in Japan 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 12: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 13: Chart on Japan: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on Japan: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Distribution Channel

    • 5.1 Market segments
      • Exhibit 22: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 5.2 Comparison by Distribution Channel
      • Exhibit 24: Chart on Comparison by Distribution Channel
      • Exhibit 25: Data Table on Comparison by Distribution Channel
    • 5.3 Offline - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 27: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 28: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 5.4 Online - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 32: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Distribution Channel
      • Exhibit 34: Market opportunity by Distribution Channel ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 35: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 36: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 37: Chart on Comparison by Product
      • Exhibit 38: Data Table on Comparison by Product
    • 6.3 Totes - Market size and forecast 2021-2026
      • Exhibit 39: Chart on Totes - Market size and forecast 2021-2026 ($ million)
      • Exhibit 40: Data Table on Totes - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Chart on Totes - Year-over-year growth 2021-2026 (%)
      • Exhibit 42: Data Table on Totes - Year-over-year growth 2021-2026 (%)
    • 6.4 Clutches and wallets - Market size and forecast 2021-2026
      • Exhibit 43: Chart on Clutches and wallets - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Data Table on Clutches and wallets - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Chart on Clutches and wallets - Year-over-year growth 2021-2026 (%)
      • Exhibit 46: Data Table on Clutches and wallets - Year-over-year growth 2021-2026 (%)
    • 6.5 Shoulder bags - Market size and forecast 2021-2026
      • Exhibit 47: Chart on Shoulder bags - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Data Table on Shoulder bags - Market size and forecast 2021-2026 ($ million)
      • Exhibit 49: Chart on Shoulder bags - Year-over-year growth 2021-2026 (%)
      • Exhibit 50: Data Table on Shoulder bags - Year-over-year growth 2021-2026 (%)
    • 6.6 Satchels and saddles - Market size and forecast 2021-2026
      • Exhibit 51: Chart on Satchels and saddles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Data Table on Satchels and saddles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 53: Chart on Satchels and saddles - Year-over-year growth 2021-2026 (%)
      • Exhibit 54: Data Table on Satchels and saddles - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 55: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 57: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 58: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 59: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 60: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 61: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 62: Matrix on vendor position and classification
            • 10.3 Anello Direct
              • Exhibit 63: Anello Direct - Overview
              • Exhibit 64: Anello Direct - Product / Service
              • Exhibit 65: Anello Direct - Key offerings
            • 10.4 Coo Co. Ltd.
              • Exhibit 66: Coo Co. Ltd. - Overview
              • Exhibit 67: Coo Co. Ltd. - Product / Service
              • Exhibit 68: Coo Co. Ltd. - Key offerings
            • 10.5 Gabiani Design
              • Exhibit 69: Gabiani Design - Overview
              • Exhibit 70: Gabiani Design - Product / Service
              • Exhibit 71: Gabiani Design - Key offerings
            • 10.6 ISSEY MIYAKE Inc.
              • Exhibit 72: ISSEY MIYAKE Inc. - Overview
              • Exhibit 73: ISSEY MIYAKE Inc. - Product / Service
              • Exhibit 74: ISSEY MIYAKE Inc. - Key offerings
            • 10.7 Kanmi
              • Exhibit 75: Kanmi - Overview
              • Exhibit 76: Kanmi - Product / Service
              • Exhibit 77: Kanmi - Key offerings
            • 10.8 Okayama Denim
              • Exhibit 78: Okayama Denim - Overview
              • Exhibit 79: Okayama Denim - Product / Service
              • Exhibit 80: Okayama Denim - Key offerings
            • 10.9 Samantha Thavasa Japan Ltd.
              • Exhibit 81: Samantha Thavasa Japan Ltd. - Overview
              • Exhibit 82: Samantha Thavasa Japan Ltd. - Product / Service
              • Exhibit 83: Samantha Thavasa Japan Ltd. - Key offerings
            • 10.10 Tokyo Otaku Mode Inc.
              • Exhibit 84: Tokyo Otaku Mode Inc. - Overview
              • Exhibit 85: Tokyo Otaku Mode Inc. - Product / Service
              • Exhibit 86: Tokyo Otaku Mode Inc. - Key offerings
            • 10.11 Tsuchiya Kaban Co. Ltd.
              • Exhibit 87: Tsuchiya Kaban Co. Ltd. - Overview
              • Exhibit 88: Tsuchiya Kaban Co. Ltd. - Product / Service
              • Exhibit 89: Tsuchiya Kaban Co. Ltd. - Key offerings
            • 10.12 Yoshida Co. Ltd.
              • Exhibit 90: Yoshida Co. Ltd. - Overview
              • Exhibit 91: Yoshida Co. Ltd. - Product / Service
              • Exhibit 92: Yoshida Co. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 93: Inclusions checklist
                • Exhibit 94: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 95: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 96: Research methodology
                • Exhibit 97: Validation techniques employed for market sizing
                • Exhibit 98: Information sources
              • 11.5 List of abbreviations
                • Exhibit 99: List of abbreviations
              • raw material prices: In recent times, key manufacturers have been experiencing fluctuations in their profit margins due to the fluctuating prices of raw materials. For instance, the prices of synthetic fibers, such as Spandex (also known as Lycra or elastane in different regions), keep fluctuating. Besides, the unavailability of high-quality polyester fibers is increasing their prices. Subsequently, such volatility results in the high prices of apparel made using these raw materials. The continuous change in the profit margins of market competitors due to the volatility of raw material prices acts as a major challenge for the growth of the global apparel, accessories, and luxury goods market. The lag between cost fluctuations and the ability of market competitors to increase product prices can negatively impact the profit margins of vendors. The fluctuations in the prices of raw materials make manufacturers unable to anticipate their investments or control costs. Moreover, cost-driven end-users prefer reasonably priced apparel rather than investing heavily in global brands, which reduces the sales potential and revenue of competitors.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Handbags market growth will increase by $801.39 million during 2022-2026.
                The handbags market is expected to grow at a CAGR of 6.48% during 2022-2026.
                Technavio has segmented the handbags market by product (Totes, Clutches and wallets, Shoulder bags, and Satchels and saddles) and geographic (Japan).
                ACE Co. Ltd., Anello Direct, Coo Co. Ltd., Gabiani Design, IKETEI Co. Ltd., ISSEY MIYAKE Inc., Kanmi, Okayama Denim, Samantha Thavasa Japan Ltd., Tokyo Otaku Mode Inc., Tsuchiya Kaban Co. Ltd., UN BILLION Co. Ltd., Yoshida Co. Ltd. are a few of the key vendors in the handbags market.
                APAC will register the highest growth rate of 100% among the other regions. Therefore, the handbags market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the handbags market growth are:
                • Demand for eco-friendly and sustainable handbags is rising
                • Strong influence of celebrity endorsements on purchasing decisions
                The handbags market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis

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