Global Leather Goods Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global leather goods market in its upcoming report titled, “Global Leather Goods Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global leather goods market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. 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 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 future.
Leather is made by 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 growth of the global market over the forecast period. In addition, increasing adoption of leather goods by individuals, owing to its advantages such as dustproof, fireproof, durability, and crack proof. This is another factor expected to further fuel growth of the target market. Furthermore, growing preference towards trendy hand bags, premium wallets, and other leather products is another factor expected to boost growth of this market in the near future. Moreover, growing awareness of branded products, presence of social media to introduce various international brands such as Prada and Gucci to consumers, and individual’s preference towards easy-to-handle leather luggage bags at time of extensive travelling are other factors expected to propel growth of the target market over the forecast period.
However, limited availability of raw material, availability of synthetic alternatives such as plastic leather are key factors expected to restrain growth of the global market over the forecast period. In addition, availability of chipper leather goods in the market is expected to hamper growth of the target market in the near future.
Development of stylish leather goods at affordable price is expected to create potential revenue opportunities for players operating in the target market over the forecast period.
The market in 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 fashion industry, especially for footwear in various countries in this region. In addition, the market in Europe is expected to register significant share in terms of revenue over the forecast period, owing to increasing preference towards leather accessories and goods by individuals in various countries in this region. Furthermore, the market in North America is expected to account for highest market share over the forecast period, owing to increasing availability of raw skin and innovative chrome tanning process 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
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 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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