According to TechSci report on, “Japan Apparel And Footwear MarketBy Type (Apparel and Footwear), By End-User (Women, Men, and Kids), By Distribution Channel (Specialty Stores, Supermarket/ Hypermarket, Online Channels, and Others (Counter shops, departmental stores, etc.)), By Region, Competition Forecast & Opportunities, FY2027”, Japan apparel and footwear market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. Japan apparel and footwear market owes its growth to the factors like evolving fashion industry. Moreover, younger generation is actively inclined toward following the recent trends and fashion senses thus driving the growth of the Japan apparel and footwear market in the upcoming five years. Also, owing to the rapidly increasing disposable income among the population, it is aiding the growth of the Japan apparel and footwear market in the next five years. Increasing brand awareness, and preference for the imported goods is also influencing the population’s purchase decisions thus supporting the growth of the Japan apparel and footwear market in the forecast years. Organized retail industry and e-commerce channels promoting branded apparels and footwear is further substantiating the growth of the Japan apparel and footwear market in the future five years. Although, in recent years during the pandemic and outbreak of COVID-19, Asian countries suffered huge losses. Lack of raw materials and input shortages are a major concern for apparels and footwear manufacturers and thus may put a mild restraint on the growth of the future market. Various global brands are introducing their products in the country as well as the fashion events and exhibitions, thereby displays of the trendy designs etc. are further aiding the growth of the Japan apparel and footwear market in the forecast period, until 2026.
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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 distribution channel, the market is further segmented into specialty stores, supermarket/hypermarket, online channels, and others (counter shops, departmental stores, etc.). E-commerce sub-segment is anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of rapidly increasing purchase decision of the consumers. Moreover, penetration of the internet and increased usage of smartphones is also driving the growth of the Japan apparel and footwear market in the upcoming five years. Also, specialty stores with the branded labels and global brand names are also anticipated to register significant growth of the Japan apparel and footwear market in the future five years.
The Japan apparel and footwear market is growing along with the developing and evolving market players like 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. The mentioned market players have major market revenue shares than the other players existing or entering the market. 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.
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“Japan fashion industry is growing, and evolving fashion trends is further establishing a robust growth of the Japan apparel and footwear market. Demand for the trendy clothes, and footwear for the kids and new-born babies is further substantiating the growth of the Japan apparel and footwear market in the future five years. Branded clothes and footwear often generate valuable CAGR and thus brings economic growth for the retail industry thereby substantiating the growth of the Japan apparel and footwear market in the upcoming five years. New market players are advised to focus on studying the evolving and changing fashion as well as customer preferences. Developing designer products meanwhile maintain the quality and authenticity of the product and providing the recent fashion sense into their products is anticipated to strengthen the brand establishment for the new market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Japan Apparel and Footwear Market By Type (Apparel and Footwear), By End-User (Women, Men, and Kids), By Distribution Channel (Specialty Stores, Supermarket/ Hypermarket, Online Channels, and Others (Counter shops, departmental stores, etc.)), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of Japan Apparel and footwear market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Japan Apparel and footwear market.
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