The Luggage & Leather Goods segment in Japan registered Market value of USD 6,184.76 Millions in 2024
The indicator recorded a historical growth (CAGR) of 2.50% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Luggage & Leather Goods Segment in Japan
The luggage and leather goods market values the total sales of bags, wallets & purses, and luggage. Bags, wallets & purses include briefcases, handbags, wallets, and purses. Luggage includes suitcases and travel bags.
Following the decline in 2011, the Japanese luggage and leather goods market has seen accelerating growth. Stable, but slow growth is expected throughout the forecast period. Department stores accounted for the largest proportion of sales in the Japanese luggage & leather goods market. Counterfeit products pose a serious threat to this market, particularly to the handbags segment of the market. In Japan, a number of laws are in place in an attempt to reduce counterfeiting. The bags, wallets and purses segment was the market's most lucrative, accounting for the majority share in the market.
Category segmentation
The luggage & leather goods segment is categorized into two major segments - Luggage and Bags, wallets and purses. Bags, wallets and purses are the largest segments of the luggage and leather goods market in Japan.
Competitive landscape
The Japanese luggage and leather goods market is highly fragmented, with retailers ranging from department stores to more specialized clothing and accessories retailers. Larger players, such as department stores, benefit from scale economies that allow them to negotiate better deals with suppliers and compete more heavily on price. Furthermore, larger retailers tend to sell a multitude of products and, as such, are not solely reliant on revenues generated through the luggage & leather goods market, whereas less diverse retailers face greater competition to obtain and retain buyers.
Market distribution
Department stores form the leading distribution channel in the Japanese luggage and leather goods market.
Who are the leading players?
Aeon (or 'the company'), through its subsidiaries, is engaged in retail operations in Japan, ASEAN (Association of Southeast Asian Nations) countries, China and other regions. The company operates through 10 business segments: general merchandise store (GMS), supermarket, specialty store, strategic small size store, service, financial services, shopping center (SC) development, China, ASEAN, and other regions.
Alibaba Group Holding Limited (Alibaba) is an online and mobile commerce company that operates its ecosystem as a platform for third parties. The company primarily provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem.
Isetan Mitsukoshi Holdings Ltd
The company's operations span across four business segments: department store, other retail and specialty store, real estate; and credit and finance/customer organization management.
J. Front Retailing is a Japan-based operator of departmental stores. The company operates through five segments: department store business, Parco business, wholesale business, credit business and other business.
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