Handbags Market in Japan 2024-2028

Handbags Market In Japan 2024-2028

The handbags market in Japan is forecasted to grow by USD 908.92 mn during 2023-2028, accelerating at a CAGR of 6.51% during the forecast period. The report on the handbags market in Japan provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for eco-friendly and sustainable handbags, increasing consumer awareness of fashion high spending on personal goods, and innovation in design and materials used in handbags.

Technavio's handbags market in Japan is segmented as below:

• By Distribution Channel
• Offline
• Online
• By Product
• Totes
• Clutches and wallets
• Shoulder bags
• Satchels and saddles
• By Type
• Leather
• Fabric
• others
• By Geography
• APAC

This study identifies the strong influence of celebrity endorsements on purchasing decisions of handbags as one of the prime reasons driving the handbag market in Japan growth during the next few years. Also, luxury handbag personalization increasing sales and high e-commerce growth will lead to sizable demand in the market.

The report on the handbags market in Japan covers the following areas:

• Handbags market in Japan sizing
• Handbags market in Japan forecast
• Handbags market in Japan industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading handbags market in Japan vendors that include 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.. Also, the handbags market in Japan analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.