Summary
Sales of luggage and leather goods account for a marginal share of the overall sales in Japan. Valued at JPY856 billion in 2014, Japanese luggage and leather goods sales are expected to witness moderate CAGR of 1.4% over the next five years. The increasing number of outbound tourists and steady domestic demand is expected to drive the sales of luggage and leather goods. Specialist retailers continue to be the most preferred channel, while sales through online channel is witnessing rapid growth.
Key Findings
- Commanding a 41.7% share of the overall sales in the segment, specialist retailers dominate the luggage and leather goods market in Japan.
- Luggage and leather goods sales accounted for a marginal share of the total retail sales in 2014 and the sales are expected to grow at a CAGR of 1.4% over the next five years
- Increasing number of outbound tourists and steady domestic demand to drive the sales over the next few years.
- Online is the fastest-growing channel in the luggage and leather goods category
Synopsis
“Luggage and Leather Goods Retailing in Japan - Market Summary and Forecasts” ” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2019.
What else does this report offer?
- A thorough analysis of consumer trends changing economic and population factors
- Both qualitative and quantitative insights and analysis of the shifting luggage and leather goods retail dynamics from 2009 to 2019
- Sales of luggage and leather goods through the following channels from 2009 to 2019: Department stores; other specialist retailers; online; hypermarkets, supermarkets and hard-discounters; value, variety stores and general merchandise retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; duty free retailers; clothing, footwear, accessories and luxury goods specialists
- An overview of key luggage and leather goods retailers operating across Japan and their presence across distribution channels
Reasons To Buy
- Gain a comprehensive knowledge on luggage and leather goods sector in the Japan retail market and develop a competitive advantage from the start of your supply chain
- Investigate current and forecast behaviour trends in luggage and leather goods category to identify the best opportunities to exploit
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior
- Understand the fastest growing categories including luggage and leather goods, with insights on performance across key channels from 2009, with forecasts until 2019
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and Technology trends influencing the luggage and leather goods market
- Analysis of key international and domestic players operating in the luggage and leather goods market - including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share
Table Of Contents
1 Introduction
1.1 What is this Report About?
2 Executive Summary and Outlook
3 Market Context
3.1 A slowing economy continues to pose new challenges to retailers
3.1.1 Sluggish economic growth constricting retail spend
3.1.2 Falling household saving indicates high spending levels
3.1.3 Service sector leads with better employment opportunities
3.1.4 Japan moves out of deflation, a good sign for the retail sector
3.1.5 Financial burdens suppressing household spending
3.2 Japan's elderly creating new opportunities for the retailers
4 Japanese Shoppers
4.1 Private labels are finding increasing adoption
4.2 Increasing spend by older customers- A positive sign for retailers
4.3 Retailers respond to increasing demand for convenience by customers
4.4 Changing consumer buying behavior with rising working women and smaller households
4.5 Rising tourist arrivals spurs retail growth in Japan
5 Doing Business in Japan
5.1 Summary
5.1.1 Bureaucracy
5.1.2 Business culture
5.1.3 Geography
5.1.4 Infrastructure and logistics
5.2 New legislation to permit 10,000 new tax-free shops in the country
5.3 New food labeling law came into force in 2015
5.4 Taxation in Japan
5.4.1 Corporate Tax
5.4.2 Consumption tax
6 Retail - Product Sectors
6.1 Product Sector Analysis
6.1.1 Luggage and Leather Goods
6.2 Luggage and Leather Goods Category Overview
6.2.1 Luggage and Leather Goods
6.3 Major Retailers
6.3.1 Luggage and Leather Goods
7 Appendix
7.1 Definitions
7.2 Summary Methodology
7.2.1 Overview
7.2.2 The triangulated market sizing method
7.2.3 Industry surveys in the creation of retail market data
7.2.4 Quality control and standardized processes
7.3 About Conlumino
7.4 Disclaimer
List Of Tables
Table 1: Japan Luggage and Leather Goods Retail Sales (JPY bn), by Channel Group, 2009-2014
Table 2: Japan Luggage and Leather Goods Retail Sales Forecast (JPY bn), by Channel Group, 2014-2019
Table 3: Japan Luggage and Leather Goods Retail Sales (US$ bn), by Channel Group, 2009-2014
Table 4: Japan Luggage and Leather Goods Retail Sales Forecast (US$ bn), by Channel Group, 2014-2019
Table 5: Japan Luggage and Leather Goods Retail Segmentation, by Channel Group, 2009-2019
Table 6: Key Luggage and Leather Goods Retailers in Turkey
Table 7: Japan Exchange Rate JPY-USD (Annual Average), 2009-2014
Table 8: Japan Exchange Rate JPY-USD (Annual Average), 2015-2019 Forecasts
Table 9: Conlumino Retail Channel Definitions
Table 10: Conlumino Retail Category Definitions
List Of Figures
Figure 1: GDP Value (US$ billion), 2008-2014
Figure 2: Growth Rate of GDP (US$ billion, %), 2008-2014
Figure 3: GDP Value and Growth (JPY billion, %), 2008-2014
Figure 4: Forecasts for GDP Value and Growth (JPY billion, %), 2014-2019
Figure 5: Household Net Saving Rate (% of Disposable Household Income), 2004-2014
Figure 6: Share of Employment by Sector (%), 2004 and 2014
Figure 7: Unemployment Rate(%), 2004-2014
Figure 8: Inflation Growth Rates (%), 2004-2014
Figure 9: Household Consumption Expenditure of Japan (US$ billion), 2004 and 2014
Figure 10: Household Consumption Expenditure of Major Countries (US$ billion), 2014
Figure 11: Growth of Household Consumption Expenditure (US$, %), 2004-2014
Figure 12: Rural and Urban Populations (millions) 2004, 2014, and 2019
Figure 13: Total Population and Growth Rate (Millions, %), 2004-2019
Figure 14: Population Split by Gender (%), 2014 and2019
Figure 15: Population Split by Age Group (%), 2014 and 2019
Figure 16: Per Capita Spend on Retail(JPY), 2006 and 2014
Figure 17: Per Capita Spend (JPY)and Total Retail Spend by Age Group (%), 2006 and 2014
Figure 18: Major retailers and their private label products
Figure 19: Rising share of elderly population in Japan
Figure 20: Convenience seeking customers
Figure 21: Percentage of Private Households by Family Type
Figure 22: Tourist arrivals to Japan, (in thousands), 2009 and 2014
Figure 23: Major Cities with High Spend on Retail
Figure 24: Key Components of Doing Business in Japan
Figure 25: Share of Luggage and Leather Goods in Total Retail Sales, 2014 and 2019
Figure 26: Retail Sales Value and Growth (JPY billion, %) of Luggage and Leather Goods, 2014-2019
Figure 27: Spend per Head on Luggage and Leather Goods 2014 and 2019
Figure 28: Online Spend and Growth (JPY billion, %) in Luggage and Leather Goods, 2014-2019
Figure 29: Online Share of total Luggage and Leather Goods Spend, 2014 and 2019
Figure 30: Spending per Channel in Luggage and Leather Goods (%), 2014 and 2019
Figure 31: Japan Luggage and Leather Goods Retail Sales and Forecast (JPY bn), by Channel Group, 2009-2019
Figure 32: The Triangulated Market Sizing Methodology
