Leather is made from the hides and skin of the animals such as cattle, sheep, dogs, pigs, and others by the process of tanning or by impregnation preserving the natural structure of the hide. Increasing supply of the raw material depends on the increasing demand for meat, which is driving the growth of global leather goods market.

Market Dynamics

Increasing innovation in leather goods with new features and designs is the main factor responsible for a growing consumer base of leather products. The inherent qualities of leather – being fireproof, dustproof, crack-proof, and durability are driving the growth of the leather goods segment. Increasing per capita expenditure is another factor that is fueling revenue growth of the leather goods segment. Increasing per capita income and rising urbanization are likely to lead to increased consumer spending on luxurious items.

The craze of buying branded commodities has also increased among people which is further likely to propel the growth of the during the forecast period. Consumers are aware of the latest fashion trends due to the increasing adoption of social media and this is anticipated to increase consumer inclination toward branded leather goods.

This trend of buying branded commoditites is expected to drive revenue growth in the leather goods segment during the projected period. With economies growing rapidly, the retail chain is also expected to show substantial growth, thereby augmenting the growth of the global leather goods segment. Further, increasing tourism activities globally has promoted the growth of various industries including the leather industry. This factor is also likely to boost growth of global leather goods market over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global leather goods market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global leather goods market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès International S.A., Dolce & Gabbana Luxembourg S.à.r.l., Overseas Leather Goods Company Pvt Ltd, Will Leather Goods, Tata International Ltd, Chanel International B.V., Prada S.p.A, and Ralph Lauren Corporation
• Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global leather goods market report caters to various stakeholders in this industry including investors, suppliers, leather goods manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global leather goods market

Detailed Segmentation:

• Global Leather Goods Market, By Product Type:
  • Footwear
  • Luggage
  • Wallets & Purses
  • Apparel
  • Others
• Global Leather Goods Market, By Distribution Channel:
  • Hypermarkets
  • Supermarkets
  • Convenience Stores
  • Online Stores
  • Others
•  Global Leather Goods Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe    
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
    • Africa          
• Company Profile
  • LVMH Moët Hennessy Louis Vuitton SE *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Kering S.A.
  • Adidas AG
  • Hermès International S.A
  • Dolce & Gabbana Luxembourg S.à.r.l.
  • Overseas Leather Goods Company Pvt Ltd
  • Will Leather Goods
  • Chanel International B.V.
  • Prada S.p.A
  • Ralph Lauren Corporation

 “*” marked represents similar segmentation in other categories in the respective section