Global Leather Goods Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Leather Goods Market Overview
“The global Leather Goods market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global leather goods market report has been segmented on the basis of product type, distribution channel, and region.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Leather is made by the process of tanning from hides and skin of animals such as cattle, sheep, pigs, etc. Increasing innovation in leather goods with additional design and features is a key factor expected to drive the growth of the global market over the forecast period.
In addition, the increasing adoption of leather goods by individuals, owing to its advantages such as dustproof, fireproof, durability, and crackproof. This is another factor expected to further fuel the growth of the target market.
Furthermore, the growing preference for trendy handbags, premium wallets, and other leather products is another factor expected to boost the growth of this market in the near future.
Moreover, growing awareness of branded products, the presence of social media to introduce various international brands such as Prada and Gucci to consumers, and individual’s preference for easy-to-handle leather luggage bags at times of extensive traveling are other factors expected to propel the growth of the target market over the forecast period.
However, the limited availability of raw materials and the availability of synthetic alternatives such as plastic leather are key factors expected to restrain the growth of the global market over the forecast period. In addition, the availability of chipper leather goods in the market is expected to hamper the growth of the target market in the near future.
The development of stylish leather goods at an affordable price is expected to create potential revenue opportunities for players operating in the target market over the forecast period.
The market in the Asia Pacific is expected to dominate the target market in terms of revenue over the forecast period, owing to rising demand for leather goods by the fashion industry, especially for footwear in various countries in this region.
In addition, the market in Europe is expected to register a significant share in terms of revenue over the forecast period, owing to the increasing preference for leather accessories and goods by individuals in various countries in this region.
Furthermore, the market in North America is expected to account for the highest market share over the forecast period, owing to the increasing availability of raw skin and innovative chrome tanning processes in various countries in this region.
Global leather goods market segmentation:
Segmentation by product type:
- Wallets & Purses
- Clothing and Apparel
- Others (sports goods, leather accessories, saddlery, and harness)
Segmentation by distribution channel:
- Convenience Stores
- Online Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- LVMH Moët Hennessy Louis Vuitton SE
- Kering SA
- Adidas AG
- Hermès International S.A.
- Dolce & Gabbana Luxembourg S.à.r.l.
- Overseas Leather Goods Co. Pvt. Ltd.
- Tata International Ltd.
- Chanel International B.V.
- Prada S.p.A
- Ralph Lauren Corporation
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