Japan - Handbags Market by Distribution Channel, Product and Type - Forecast and Analysis 2024-2028
| Published: Jan 2024 | Pages: 138 | SKU: IRTNTR74331 |
Japan Handbags Market Size 2024-2028
Japan Handbags Market size is forecast to increase by USD 908.92 million, at a CAGR of 6.51% between 2023 and 2028.
The market for handbags is experiencing notable growth driven by several key factors. There's a rising demand for eco-friendly and sustainable handbags alongside growing consumer awareness of fashion and increased spending on personal goods. Additionally, innovation in design and materials used in handbags is contributing to this growth trend. These factors collectively underscore a shift towards more conscious consumer choices and a heightened emphasis on both style and sustainability in the handbag industry. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
What will be the Size of the Market During the Forecast Period?
| Page Number | 138 |
| Forecast period | 2024-2028 |
| Historic period | 2018-2022 |
| List of Exhibits | 138 |
| Growth momentum & CAGR | Accelerate at a CAGR of 6.51% |
| Market Growth 2024-2028 | USD 908.92 million |
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Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
One of the key factors driving the market growth is the innovation in design and materials used in handbags. Handbag manufacturers are consistently enhancing and introducing new styles and models due to increasing competition and customer demand due to the rapidly changing fashion industry. In addition, customers are looking for luxury handbags for both formal (especially luxury handbags) and casual (such as metal and gemstone handbags). Furthermore, to meet these changing customer needs, suppliers regularly expand their product lines.
Moreover, luxury handbags are one of the most promoted and demanded segments in the market. In addition, this is because luxury gives the product a premium feel. Furthermore, the sustainability of luxury also attracts customers to buy luxury products such as luxury handbags. Hence, such factors are driving the market growth during the forecast period.
Key Market Trends
A key factor shaping the market growth is the strong influence of celebrity endorsements on the purchasing decisions of handbags. The fashion industry has witnessed significant change and advancement over the past two decades, mainly owing to the growth in the number of consumers interested in fashion, especially in developing regions such as Asia. In addition, recommendations and the use of fashion products such as luxury handbags by celebrities act as catalysts to drive purchasing decisions.
Moreover, manufacturers of handbags and personal luxury goods adopt a variety of marketing campaigns and strategies to expand their customer base. In addition, celebrity endorsements are a popular marketing tool used by sellers to build their brand image and trigger sales of luxury handbags. Furthermore, celebrities such as Taylor Swift, Beyonce, Hailey Baldwin, Selena Gomez, and Kendall Jenner often endorse new products and brands. Hence, such factors are driving the market growth during the forecast period.
Major Market Challenge
Backpacks and duffel bags replacing handbags are one of the key challenges hindering the market growth. A significant number of women are switching from handbags to backpacks and duffel bags made of technological fabrics. In addition, the millennial generation and other travelers who take short excursions and prefer lightweight luggage that can hold more garments have a great demand for backpacks and duffle bags.
Moreover, the primary drivers of the expansion of the backpack industry are the rise in tourism, the desire for fashionable travel bags, the rise in business travelers' foreign travel, the rise in urbanization, and the shift in lifestyle. In addition, increasing fashion consciousness among consumers is expected to prompt the usage of backpacks with associated conveniences, such as bottle-carrying spaces. Hence, such factors are hindering the market growth during the forecast period.
Market Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Who are the Major Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACE Co. Ltd: The company offers handbags for women under the brand Kanana Project.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
- Burberry Group Plc
- Capri Holdings Ltd.
- Chanel Ltd.
- Coo Co. Ltd.
- Dolce and Gabbana SRL
- Gabiani Design
- IKETEI Co. Ltd.
- ISSEY MIYAKE Inc.
- Kanmi
- Kering SA
- MCM Products USA Inc.
- Prada S.p.A
- PVH Corp.
- Samantha Thavasa Japan Ltd.
- The LVMH group
- Tsuchiya Kaban Co. Ltd.
- UN BILLION Co. Ltd.
- VALENTINO Spa
- Yoshida Co. Ltd.
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Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Market Segmentation
The offline segment is estimated to witness significant growth during the forecast period. The offline segment includes convenience stores, department stores, airport retail stores, multi-brand stores, apparel stores, factory outlets, hypermarkets and supermarkets, and other retail outlets. In addition, offline retail channels such as convenience stores, hypermarkets 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.
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The offline segment was the largest segment and was valued at USD 1,386.60 million in 2018. Moreover, customers prefer buying consumer goods, including handbags, from offline channels, as they can choose their desired brand after checking the products physically. In addition, factors such as discounts and an enhanced shopping experience further encourage consumers to buy handbags from offline retail channels. Furthermore, hypermarkets and supermarkets have dedicated aisles for consumer goods, including handbags, which increases the visibility of the latest products as well as trendy fashions. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Segment Overview
The research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments.
- Distribution Channel Outlook
- Offline
- Online
- Product Outlook
- Totes
- Clutches and wallets
- Shoulder bags
- Satchels and saddles
- Type Outlook
- Leather
- Fabric and others
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Japan Handbags Market Scope |
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Report Coverage |
Details |
|
Base year |
2023 |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.35 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ACE Co. Ltd., Burberry Group Plc, Capri Holdings Ltd., Chanel Ltd., Coo Co. Ltd., Dolce and Gabbana SRL, Gabiani Design, IKETEI Co. Ltd., ISSEY MIYAKE Inc., Kanmi, Kering SA, MCM Products USA Inc., Prada S.p.A, PVH Corp., Samantha Thavasa Japan Ltd., The LVMH group, Tsuchiya Kaban Co. Ltd., UN BILLION Co. Ltd., VALENTINO Spa, and Yoshida Co. Ltd. |
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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, Market condition analysis for the forecast period |
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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. |
What are the Key Data Covered in this Japan Handbags Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Japan - Handbags Market between 2023 and 2028
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate market forecast about upcoming market growth and trends and changes in consumer behavior
- Growth of the market across Japan
- Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive market analysis and report of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
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 Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 13: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 14: Chart on Japan: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on Japan: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Handbags market in Japan 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on handbags market in Japan 2018 - 2022 ($ million)
- 4.2 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
- 4.3 Product Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Product Segment 2018 - 2022 ($ million)
- 4.4 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Exhibit 27: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Distribution Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Distribution Channel
- Exhibit 29: Chart on Comparison by Distribution Channel
- Exhibit 30: Data Table on Comparison by Distribution Channel
- 6.3 Offline - Market size and forecast 2023-2028
- Exhibit 31: Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 32: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 33: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Offline - Year-over-year growth 2023-2028 (%)
- 6.4 Online - Market size and forecast 2023-2028
- Exhibit 35: Chart on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 37: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Online - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Distribution Channel
- Exhibit 39: Market opportunity by Distribution Channel ($ million)
- Exhibit 40: Data Table on Market opportunity by Distribution Channel ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 41: Chart on Product - Market share 2023-2028 (%)
- Exhibit 42: Data Table on Product - Market share 2023-2028 (%)
- 7.2 Comparison by Product
- Exhibit 43: Chart on Comparison by Product
- Exhibit 44: Data Table on Comparison by Product
- 7.3 Totes - Market size and forecast 2023-2028
- Exhibit 45: Chart on Totes - Market size and forecast 2023-2028 ($ million)
- Exhibit 46: Data Table on Totes - Market size and forecast 2023-2028 ($ million)
- Exhibit 47: Chart on Totes - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on Totes - Year-over-year growth 2023-2028 (%)
- 7.4 Clutches and wallets - Market size and forecast 2023-2028
- Exhibit 49: Chart on Clutches and wallets - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Data Table on Clutches and wallets - Market size and forecast 2023-2028 ($ million)
- Exhibit 51: Chart on Clutches and wallets - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Clutches and wallets - Year-over-year growth 2023-2028 (%)
- 7.5 Shoulder bags - Market size and forecast 2023-2028
- Exhibit 53: Chart on Shoulder bags - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Data Table on Shoulder bags - Market size and forecast 2023-2028 ($ million)
- Exhibit 55: Chart on Shoulder bags - Year-over-year growth 2023-2028 (%)
- Exhibit 56: Data Table on Shoulder bags - Year-over-year growth 2023-2028 (%)
- 7.6 Satchels and saddles - Market size and forecast 2023-2028
- Exhibit 57: Chart on Satchels and saddles - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Data Table on Satchels and saddles - Market size and forecast 2023-2028 ($ million)
- Exhibit 59: Chart on Satchels and saddles - Year-over-year growth 2023-2028 (%)
- Exhibit 60: Data Table on Satchels and saddles - Year-over-year growth 2023-2028 (%)
- 7.7 Market opportunity by Product
- Exhibit 61: Market opportunity by Product ($ million)
- Exhibit 62: Data Table on Market opportunity by Product ($ million)
8 Market Segmentation by Type
- 8.1 Market segments
- Exhibit 63: Chart on Type - Market share 2023-2028 (%)
- Exhibit 64: Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Exhibit 65: Chart on Comparison by Type
- Exhibit 66: Data Table on Comparison by Type
- 8.3 Leather - Market size and forecast 2023-2028
- Exhibit 67: Chart on Leather - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Leather - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Leather - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Leather - Year-over-year growth 2023-2028 (%)
- 8.4 Fabric and others - Market size and forecast 2023-2028
- Exhibit 71: Chart on Fabric and others - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on Fabric and others - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on Fabric and others - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Fabric and others - Year-over-year growth 2023-2028 (%)
- 8.5 Market opportunity by Type
- Exhibit 75: Market opportunity by Type ($ million)
- Exhibit 76: Data Table on Market opportunity by Type ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 78: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 79: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 80: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 81: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 82: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 83: Matrix on vendor position and classification
- 12.3 ACE Co. Ltd.
- Exhibit 84: ACE Co. Ltd. - Overview
- Exhibit 85: ACE Co. Ltd. - Product / Service
- Exhibit 86: ACE Co. Ltd. - Key offerings
- 12.4 Burberry Group Plc
- Exhibit 87: Burberry Group Plc - Overview
- Exhibit 88: Burberry Group Plc - Business segments
- Exhibit 89: Burberry Group Plc - Key offerings
- Exhibit 90: Burberry Group Plc - Segment focus
- 12.5 Capri Holdings Ltd.
- Exhibit 91: Capri Holdings Ltd. - Overview
- Exhibit 92: Capri Holdings Ltd. - Business segments
- Exhibit 93: Capri Holdings Ltd. - Key offerings
- Exhibit 94: Capri Holdings Ltd. - Segment focus
- 12.6 Chanel Ltd.
- Exhibit 95: Chanel Ltd. - Overview
- Exhibit 96: Chanel Ltd. - Product / Service
- Exhibit 97: Chanel Ltd. - Key offerings
- 12.7 Coo Co. Ltd.
- Exhibit 98: Coo Co. Ltd. - Overview
- Exhibit 99: Coo Co. Ltd. - Product / Service
- Exhibit 100: Coo Co. Ltd. - Key offerings
- 12.8 Gabiani Design
- Exhibit 101: Gabiani Design - Overview
- Exhibit 102: Gabiani Design - Product / Service
- Exhibit 103: Gabiani Design - Key offerings
- 12.9 IKETEI Co. Ltd.
- Exhibit 104: IKETEI Co. Ltd. - Overview
- Exhibit 105: IKETEI Co. Ltd. - Product / Service
- Exhibit 106: IKETEI Co. Ltd. - Key offerings
- 12.10 ISSEY MIYAKE Inc.
- Exhibit 107: ISSEY MIYAKE Inc. - Overview
- Exhibit 108: ISSEY MIYAKE Inc. - Product / Service
- Exhibit 109: ISSEY MIYAKE Inc. - Key offerings
- 12.11 Kanmi
- Exhibit 110: Kanmi - Overview
- Exhibit 111: Kanmi - Product / Service
- Exhibit 112: Kanmi - Key offerings
- 12.12 Prada S.p.A
- Exhibit 113: Prada S.p.A - Overview
- Exhibit 114: Prada S.p.A - Product / Service
- Exhibit 115: Prada S.p.A - Key offerings
- 12.13 PVH Corp.
- Exhibit 116: PVH Corp. - Overview
- Exhibit 117: PVH Corp. - Business segments
- Exhibit 118: PVH Corp. - Key offerings
- Exhibit 119: PVH Corp. - Segment focus
- 12.14 Samantha Thavasa Japan Ltd.
- Exhibit 120: Samantha Thavasa Japan Ltd. - Overview
- Exhibit 121: Samantha Thavasa Japan Ltd. - Product / Service
- Exhibit 122: Samantha Thavasa Japan Ltd. - Key offerings
- 12.15 Tsuchiya Kaban Co. Ltd.
- Exhibit 123: Tsuchiya Kaban Co. Ltd. - Overview
- Exhibit 124: Tsuchiya Kaban Co. Ltd. - Product / Service
- Exhibit 125: Tsuchiya Kaban Co. Ltd. - Key offerings
- 12.16 UN BILLION Co. Ltd.
- Exhibit 126: UN BILLION Co. Ltd. - Overview
- Exhibit 127: UN BILLION Co. Ltd. - Product / Service
- Exhibit 128: UN BILLION Co. Ltd. - Key offerings
- 12.17 Yoshida Co. Ltd.
- Exhibit 129: Yoshida Co. Ltd. - Overview
- Exhibit 130: Yoshida Co. Ltd. - Product / Service
- Exhibit 131: Yoshida Co. Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 132: Inclusions checklist
- Exhibit 133: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 134: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 135: Research methodology
- Exhibit 136: Validation techniques employed for market sizing
- Exhibit 137: Information sources
- 13.5 List of abbreviations
- Exhibit 138: List of abbreviations
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.
INFORMATION 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
DATA 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
REPORT 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 in japan market
Key Questions Answered
- 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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