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Market Research Report
Personal Accessories in Japan |
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| Published by | Euromonitor International | Product code | 254173 | ||||
| Published | Content info | 51 Pages Delivery time: 1-2 business days |
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| Personal Accessories in Japan | ||
| Published: August 5, 2020 | Content info: 51 Pages |
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Most products within personal accessories are seen as non-essential items and as such sales have been hit hard by COVID-19 in 2020. Not only have store closures made it more difficult to access products, but the closure of Japan's borders has cut off a key consumer base for many retailers and manufacturers. Foreign visitors from markets such as China and South Korea are hugely important for sales of high ticket items such as handbags, jewellery and watches, with many Japanese consumers taking a...
Euromonitor International's‘Personal Accessoriesin Japan report’ offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2015-2019), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2024 illustrate how the market is set to change.
Product coverage: Bags and Luggage, Jewellery, Watches, Writing Instruments.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
EXECUTIVE SUMMARY
COVID-19 impact on personal accessories
COVID-19 country impact
Company response
Retailing shift
What next for personal accessories?
MARKET DATA
DISCLAIMER
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
DEFINITIONS
SOURCES
KEY DATA FINDINGS
2020 IMPACT
Closure of borders, workplaces and schools takes its toll on sales of bags and luggage in 2020
Second-hand bags and luggage and the sharing economy pose a threat to sales
Retailers forced to start charging for plastic bags - new opportunity for bags manufacturers?
RECOVERY AND OPPORTUNITIES
Reopening of Japan's borders and the hosting of the rearranged 2020 Tokyo Olympics should help sales to rebound
Randoseru offers promise despite ageing population
Functionality offers potential for busy commuters
CATEGORY DATA
KEY DATA FINDINGS
2020 IMPACT
Jewellery sees sharp decline in 2020 as shoppers are forced to remain at home and stores close
Fine jewellery faced with several challenges as gold prices rise, stores close and millions of pearl oysters die unexpectedly
Costume jewellery faces possible threat from growing interest in handmade jewellery
RECOVERY AND OPPORTUNITIES
Pop-up stores and in-store events offer potential as a way to engage consumers
Recycled jewellery and synthetic diamonds could offer potential as a good value option in an uncertain economic climate
Tourism set to return but domestic demand under threat as the population declines
CATEGORY DATA
KEY DATA FINDINGS
2020 IMPACT
Sales of watches slump due to COVID-19
E-commerce benefiting from lockdown while retailers focus on new in-store features as a way to see continued foot traffic in the future
Basic watches fair better due to lower pricing while sharing services pose a threat to more expensive watches
RECOVERY AND OPPORTUNITIES
Focus on tourism key to recovery
Seiko looking to establish itself as a world leader in luxury watches
Smartwatches poses a threat, but innovative new smart watch straps could help to modernise traditional watches
CATEGORY DATA
KEY DATA FINDINGS
2020 IMPACT
Writing instruments remains fairly stable with new opportunities found for sales
Fountain pens likely to suffer as a result of the closure of Japan's borders in 2020
The digitalisation of education poses a challenge, but study planners help drive some interest
RECOVERY AND OPPORTUNITIES
Distribution likely to see increased focus post COVID-19
Manufacturers may have to look for new opportunities as consumer base shrinks
Prices could come under pressure with the global economy under threat
CATEGORY DATA
