Leather Goods Market size was valued at US$ 271.21 Bn. in 2020. Footwear, one of the segments reviewed in our report dominated the Global Leather Goods Market.
Leather Goods Market Overview:A product made of leather is leather goods. They are made out of material from tanning hides and the skin of animals, mainly from cattle. Leather luggage contains suitcases, trolley bags, etc. used for carrying personal belongings and products containing purses, wallets & belts, footwear, handbags, and others. To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand, and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lockdown on the market in 2020 and 2021.
Leather Goods Market Dynamics:Designers from around the world present new clothes at fashion shows and events, thus attracting more consumers to leather clothing. The show featured a variety of leather goods, including a variety of modern jackets, twill trench coats, travel bags, leather sneakers, duffle bags, and ankle boots. These forums bring together hundreds of thousands of leather goods buyers, manufacturers, and designers from different provinces. Increasing numbers of High Net Worth people, coupled with the growing trend of designer and designer clothing in major markets, such as the United States, France, and China, are driving demand for leather products. Leather goods are exclusive and often cost more. The demand for leather products is growing strongly in China due to the increasing number of HNWIs. The growing awareness of the harmful effects of unethical practices in clothing and footwear production has encouraged demand for sustainable products. Sustainable fashion often attracts consumers, as many famous designers uphold the concept of sustainability. The increase in domestic and international travel has spurred the development of various industries. People carry easy-to-handle leather luggage bags. Long trips require leather luggage that can withstand rough handling at all times. So consumers opt for premium and better quality leather luggage for ease of movement. Market trends and challenges are analyzed and compiled in the report. The data of 2020 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2016 to 2019 with market forecast until 2027.
Leather Goods Market Segment Analysis:By Product, Footwear dominated the Market with a 42 % share in 2020. The presence of major players like Nike, Adidas, etc., and new entrants have also been entering the leather athletic footwear. A wide range of design, sizes, customizations, etc. and growing sneaker trends, etc. are the factors driving the market growth of footwear. Apparel is expected to grow at a CAGR of 7 % through the forecast period. The rise in disposable income and variety of designs and styles availability are the factors expected to drive the market growth through the forecast period. Home décor is expected to grow at a CAGR of 5.6 % through the forecast period. Increasing expenditure on home furnishing and renovation are the factors driving the growth of the segment in the market. By Type, The Genuine segment dominated the market with a 57 % share in 2020. Less expensive than genuine leather products and are equally attractive in terms of design are the factors driving the demand for the product. It is manufactured from polyurethane and polyvinyl chloride. Polyurethane is eco-friendly as it does not emit dioxins as compared to vinyl. The synthetic segment is expected to grow at a CAGR of 7 % through the forecast period. Low cost and heavy-duty construction, eco-friendly options are the factors expected to drive the demand for the product. Products finished from materials, such as PET, are heavy-duty, flexible, and have a medium wall construction that flexes but remains crack-resistant. These factors are expected to drive the segment growth through the forecast period.
Leather Goods Market Regional Insights:The Asia Pacific dominated the market with 36 % in 2020. Increasing demand for premium and luxury products are the factors driving the demand for the product. Bangladesh and Pakistan are important sources for primary leather in Asia. Significantly low tariff rates on exported leather products make Bangladesh an eye-catching market for overseas leather goods brands. North America is expected to grow at a CAGR of 8 % through the forecast period. The growing product popularity coupled with increasing online purchases, rising number of athletes, and health and fitness-conscious individuals are the factors expected to drive the market growth through the forecast period. The objective of the report is to present a comprehensive analysis of the Leather Goods market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Leather Goods market dynamics, structure by analyzing the market segments and projecting the Leather Goods market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Leather Goods market make the report investor’s guide.
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Global Leather Goods Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 271.21 Bn. Forecast Period 2021 to 2027 CAGR: 6.2% Market Size in 2027: US $ 413.22 Bn. Segments Covered: by Product • Footwear • Home Décor • Apparel by Type • Genuine • Syntheti
Leather Goods Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Leather Goods Market Key Players• Adidas AG • Nike, Inc. • Puma SE • Fila, Inc. • New Balance Athletics, Inc. • Knoll, Inc. • Samsonite International S.A. • VIP Industries Ltd. • Timberland LLC • Johnston & Murphy • Woodland Worldwide • Hermès International S.A. • Louis Vuitton Malletier • VF Corp. • COLLAR Company • LUCRIN Geneva • Nappa Dori • Saddles India Pvt. Ltd. • Lear Corp 1] What segments are covered in the Leather Goods Market report? Ans. The segments covered in the Leather Goods Market report are based on Product Type, Application, and Fuel Type. 2] Which region is expected to hold the highest share in the Leather Goods Market? Ans. Asia Pacific Region is expected to hold the highest share in the Leather Goods Market. 3] What is the market size of the Leather Goods Market by b2027? Ans. The market size of the Leather Goods Market by 2027 is US $ 413.22 Bn. 4] Who are the top key players in the Leather Goods Market? Ans. Adidas AG, Nike, Inc., Puma SE, Fila, Inc., New Balance Athletics, Inc., Knoll, Inc., Samsonite International S.A., VIP Industries Ltd., Timberland LLC, Johnston & Murphy, Woodland Worldwide, Hermès International S.A., Louis Vuitton Malletier, VF Corp., COLLAR Company, LUCRIN Geneva, Nappa Dori, Saddles India Pvt Ltd., Lear Corp. 5] What was the market size of the Leather Goods Market in 2020? Ans. The market size of the Leather Goods Market in 2020 was US $ 271.21 Bn.
1. Global Leather Goods Market: Research Methodology 2. Global Leather Goods Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Leather Goods Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Leather Goods Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTAL 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Leather Goods Market Segmentation 4.1. Global Leather Goods Market, by Product (2020-2027) • Footwear • Home Décor • Apparel 4.2. Global Leather Goods Market, by Type (2020-2027) • Genuine • Synthetic 5. North America Leather Goods Market(2020-2027) 5.1. Global Leather Goods Market, by Product (2020-2027) • Footwear • Home Décor • Apparel 5.2. Global Leather Goods Market, by Type (2020-2027) • Genuine • Synthetic 5.3. North America Leather Goods Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Leather Goods Market (2020-2027) 6.1. European Leather Goods Market, by Product (2020-2027) 6.2. European Leather Goods Market, by Type (2020-2027) 6.3. European Leather Goods Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Leather Goods Market (2020-2027) 7.1. Asia Pacific Leather Goods Market, by Product (2020-2027) 7.2. Asia Pacific Leather Goods Market, by Type (2020-2027) 7.3. Asia Pacific Leather Goods Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Leather Goods Market (2020-2027) 8.1. Middle East and Africa Leather Goods Market, by Product (2020-2027) 8.2. Middle East and Africa Leather Goods Market, by Type (2020-2027) 8.3. Middle East and Africa Leather Goods Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Leather Goods Market (2020-2027) 9.1. Latin America Leather Goods Market, by Product (2020-2027) 9.2. Latin America Leather Goods Market, by Type (2020-2027) 9.3. Latin America Leather Goods Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Adidas AG 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Nike, Inc. 10.3. Puma SE 10.4. Fila, Inc. 10.5. New Balance Athletics, Inc. 10.6. Knoll, Inc. 10.7. Samsonite International S.A. 10.8. VIP Industries Ltd. 10.9. Timberland LLC 10.10. Johnston & Murphy 10.11. Woodland Worldwide 10.12. Hermès International S.A. 10.13. Louis Vuitton Malletier 10.14. VF Corp. 10.15. COLLAR Company 10.16. LUCRIN Geneva 10.17. Nappa Dori 10.18. Saddles India Pvt. Ltd. 10.19. Lear Corp