Leather Good & Luggage Manufacturing in the US
The Leather Good and Luggage Manufacturing industry is going through a transition period. Although reshoring manufacturing is an emerging phenomenon and manufacturing competitiveness of the United States has improved, this industry has suffered enormously over the past five years. Uncertain economic conditions, exchange rate dynamics and competition from inexpensive Chinese imports and high-quality European brands have kept this industry from recovering from the recession. Much of the industry's operations have already moved to low-cost foreign countries, meaning that the remaining operations will increasingly produce high-value products. The reshoring movement is also expected to boost industry revenue over the next five years, as more companies bring parts of their manufacturing operations back to the United States.
Operators in this industry primarily manufacture clothing accessories, including belts, hats, luggage, handbags, wallets and various other leather and nonleather goods and accessories.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.