Japan apparel and footwear market is anticipated to grow with an impressive CAGR in the forecast period, FY2023-FY2027. The market is expected to grow with the projected cumulative annular growth rate on the account of rapidly changing market practices and trends. Moreover, surge in the demand from the younger population is further driving the growth of the Japan apparel and footwear market in the upcoming five years. Rising disposable incomes, increasing brand awareness, and preferences for imported goods is supporting the growth of the Japan apparel and footwear market in the next five years. Additionally, growing organized retail and e-commerce channel and established supply chain networks are further aiding to the growth of the Japan apparel and footwear market in the future five years. Expanding
The Japan apparel and footwear market is segmented into type, end-user, distribution channel, regional distribution, top 3 states analysis in each region, and competitional landscape. Based on type, the market is further divided between apparel and footwear. Apparels are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of surging demand for fashionable retail apparels. Casual wear, sportswear, inner wear, night wear, formal wear, etc. are all in demand in the future and thus substantiating the growth of the Japan apparel and footwear market in the next five years.
Some of the top players in the Japan apparel and footwear market is Uniqlo, GU, ASICS, BAPE, Mastermind Japan, Cav Empt, Nike, Inc., VF Corporation, Adidas America, Inc., Under Armour, Inc., PVH CORP., LEVI STRAUSS & CO., H&M Hennes & Mauritz LP, Kering Americas, Inc., Zara USA, Inc., among others. Major market players are actively dedicated in the research and development of the advanced products such that the consumer’s demand could be fulfilled. Consistent research ensures the future launches for the better products and services. With rapidly surging demand for the advanced products, the new market entrants would be able to establish their brand and thus their market-place. Other strategies include collaborations and partnerships with the pre-existing market players or the research institutes such that government funding can be availed for the product development.
Years considered for this report
Historical YearsFY2017 – FY2020
Base YearFY2021
Estimated YearFY2022
Forecast PeriodFY2023 – FY2027
Objective of the Study
- To analyze the historical growth of the market size of Japan apparel and footwear market from FY2017 to FY2020.
- To estimate and forecast the market size of Japan apparel and footwear market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast Japan apparel and footwear market based on type, end-user, distribution channel, regional distribution, top 3 states analysis in each region, and competitional landscape.
- To identify dominant region or segment in the Japan apparel and footwear market.
- To identify drivers and challenges for Japan apparel and footwear market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Japan apparel and footwear market.
- To identify and analyze the profile of leading players operating in Japan apparel and footwear market.
- To identify key sustainable strategies adopted by market players in Japan apparel and footwear market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of Japan
Key Target Audience
- Apparel and footwear manufacturers, end users, and other stakeholders
- Distributers and suppliers of Apparel and footwear and other stakeholders
- Organizations, forums and alliances related to apparel and footwear
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
