Japan Travel Accessories Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 5.6% from 2023 to 2033
• The Japan Travel Accessories Market Size is Expected to Hold a Significant Share by 2033

The Japan Travel Accessories Market Size is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 5.6% from 2023 to 2033.

Market Overview

Travel accessories are designed to make travel more comfortable and convenient. Pillows, blankets, sleep masks, travel luggage, travel technological gadgets, and travel attire are examples of travel accessories. Growing per capita income, rising luxury lifestyle spending, and an increase in the number of business and leisure trips taken by each individual are all expected to fuel market expansion over the course of the projected period. It is anticipated that an increase in both leisure and business travel will improve the usefulness and usage of travel accessories, hence increasing the demand for travel bags, pillows, and blankets. The demand for cutting-edge goods that meet the particular requirements of tourists shapes the travel accessories industry in Japan. Furthermore, goods that prioritize simplicity of use, comfort, and safety during lengthy trips have become indispensable. Japan's travel culture places a special emphasis on accessories that improve the travel experience, like portable chargers, travel pillows, and structured packing solutions, due to its robust infrastructure and concentration on public transport.

Report Coverage

This research report categorizes the market for the Japan travel accessories market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan travel accessories market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan travel accessories market.

Driving Factors

Japan has a thriving tourism industry, and millions of tourists from around the world come to experience its distinctive fusion of modernity and history. At the same time, domestic travel inside the nation is still thriving since residents often take both business and leisure trips. This high degree of domestic and international mobility drives the market for a wide range of superior travel gear. Japanese buyers are very picky and place a high value on travel accessories that are both functional and stylish. Furthermore, in 2023, there were roughly 25.07 million foreign visitors to Japan. The market for travel associations has grown as a result of the relaxation of travel restrictions and the growing interest in Japan's distinctive cultural experiences around the world. Additionally, approximately 273 million Japanese people will travel domestically in 2023. This notable increase in domestic travel in Japan is driving the country's travel accessory market.

Restraining Factors

It is anticipated that a decline in tours and travel will result in lower sales of travel accessories. The market's expansion is also being restrained by the rising popularity of virtual travel and the use of technology in the corporate sector for meetings and events, such as virtual meetings via Skype.

Market Segmentation

The Japan travel accessories market share is classified into type and distribution channel

• The travel bags segment is expected to dominate the Japan travel accessories market during the forecast period.       

Based on the type, the Japan travel accessories market is divided into travel pillow and blanket, toiletries, and travel bags. Among these, the travel bags segment is expected to dominate the Japan travel accessories market during the forecast period. Travel bags are in more demand as a result of Japan's growing number of tours and travels, including both business and leisure trips. Throughout the forecast period, technological developments in travel bags, such as autonomous and GPS-tracking smart bags and the usage of high-resistive polycarbonate material, are anticipated to propel the market's expansion in Japan.

• The supermarkets and hypermarkets segment is expected to hold a significant market share through the forecast period.

The Japan travel accessories market is segmented by distribution channel into supermarkets and hypermarkets, specialty stores, and factory outlets. Among these, the supermarkets and hypermarkets segment is expected to hold a significant market share through the forecast period. Supermarkets and hypermarkets have a dedicated section for travel-related goods, which makes it simpler for customers to find and buy them. These shops provide customers several premium benefits, including discounts on specific products and a selection of different brands of travel bags, pillows, and blankets.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan travel accessories market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ACE Co., Ltd.
• Adidas AG
• LVMH Group
• Magellan's
• Nike, Inc.
• Sungjoo Group
• Travel Blue Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2022, MediBang Inc., also known as MediBang, is a company presently based in Shibuya, Tokyo. With great pleasure, CEO Hideyuki Takashima announced the expansion of its recently established MediBang TraDe division, which will begin operations in December 2022.  The division, which was formerly known as MediBang Global Distribution and Localization, has provided translation and distribution services to numerous publishers and game developers both domestically and internationally.

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Travel accessories Market based on the below-mentioned segments:

Japan Travel Accessories Market, By Type

• Travel Pillow and Blanket
• Toiletries
• Travel Bags

Japan Travel Accessories Market, By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Factory Outlets