Technavio recognizes the following companies as the key players in Handbags Market in Japan 2015-2019: ART – BERG, Chanel, Christian Dior, Coach, D&G, Hermes International, INNOYA, ISSEY MIYAKE, Jewelna Rose, Kate Spade, Kate Spade, KENJIIKEDA, LVMH, Michael Kors, Muguet, Mulberry, Nagatani, Nagatani, Prada, SAN HIDEAKI MIHARA and Style Craft.
Other Prominent Vendors in the market are: Adidas, Aldo, Alfred Dunhill, Boconi, Bottega Veneta, Buggatti, C & J Clark International, Cambridge British,Satchel Company, Crew Clothing, Dolce & Gabbana, Donna Karan International (DKNY), Ferrari, Fossil, French Connection, Goyard, Guess , Gerard Darel, Jerome Dreyfuss, KAWAHOUSHI HIROAN, KIKUHIRO, Kenneth Cole Productions, L.Credi, La Petite Mendigote, Lipault Paris, Longchamp, Lulu Guinness, Mandarina Duck, MARUFUKU SHOTEN, McKlein, New Look Retailers, Nicole Lee, NOMURA SEISAKUSHO, Paul Costelloe, Paul Smith, PUIG, Puma, Ralph Lauren, River Island, Russell & Bromley, SAKATA, Smythson, STEP ONE, TLG Brands, Vanessa Bruno, VF, WITH, and YAMAMAN.
Commenting on the report, an analyst from Technavio’s team said: “The utility feature of handbags is no longer the only key buying criterion for customers. Over the past few years, handbags have become extremely popular in the lifestyle and fashion segments of the market. Consumers are associating handbags with their social status. The introduction of new ergonomic designs, fashionable trendy colors, finishing, and textures in handbags have helped them gain importance as fashion accessories. Vendors are associating with renowned designers to launch designer collections. Many vendors are also employing celebrities to endorse their brands to create an image and position their product as a lifestyle product. This is positively influencing the sales of handbag products in Japan.”
According to the report, increasing internet penetration, coupled with high demand for online shopping, is driving the handbags bags market in Japan. The e-commerce market is highly fragmented with the presence of numerous small players. Handbags of various new designs, fashions, and styles are found online. Also, the increasing disposable incomes and various options on the internet are fueling the sales of handbags. Though sales through the internet are less for handbags, it is expected to be a major driving force during the forecast period.
Further, the report states that one of the main challenges hindering the growth of the market is the increasing competition from counterfeit or fake products.
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 a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/handbags-market-in-japan-2015-2019
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- https://www.technavio.com/healthcare-chemicals-food-retail
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