Today: October 22, 2016, 7:24 am

Japan luxury travel goods market: YEN 91 billion industry in 2012
Luxury Travel Goods in Japan - a new market research report on 2014-03-12 06:41:01
Louis Vuitton, Hermès , Goyard, Globe Trotter, Rimowa and Tumi are the most coveted brands in the Japan luxury travel goods market. Louis Vuitton, Hermès, Bottega Veneta and Goyard travel bags are popular for their heritage and origin in manufacturing travel bags. Rimowa and Tumi are specialised travel bag brands that promote functional beauty of the product more than heritage and craftsmanship. Rimowa and Tumi bags are popular among businessmen who go on frequent business trips. Globe Trotter comes in the middle, given that it is made from Vulcan fibre, but not of leather.

Luxury travel goods continue to appeal to a specific segment of consumers in Japan. For some, non-luxury travel goods are functional and durable enough to suit their travel needs. As luxury travel bags can be a once-in-a lifetime investment, Japanese consumers usually prefer to buy maintenance service levels. To receive this service smoothly, consumers usually need to buy products at official retailers in Japan.

Luxury travel goods will decline by a CAGR of 1% in constant value terms over the forecast period. However, there is no sign of a sudden decline as the wealthy class will remain customers of luxury travel goods. However, the middle class population who spends money on luxury goods as a once in a lifetime investment is likely to reduce spending on travel goods which are only used on an occasional basis.

Key Headlines

- Luxury travel goods posts a decline of 2% current value terms with sales reaching ¥91 billion in 2012
- New types of outlets near airports and stations pave new business opportunities for luxury travel goods
- Functional luxury bags continues to find favour with Japanese businessmen
- Imported luxury brands for travel goods remains dominant
- Luxury travel goods is predicted to demonstrate a constant value CAGR contraction of 1% over the forecast period

Click for report details: ..

Browse all Consumer Goods Market Research Reports ..

Browse all Consumer Goods Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 506 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.