Leather Good & Luggage Manufacturing in the US
Industry performance in the Leather Good and Luggage Manufacturing has struggled over the five years to 2018. An appreciating dollar has caused domestically manufactured goods to be more expensive than their foreign-based competition. Consumers are increasingly satisfying their leather good needs by purchasing less-expensive imported items while domestic operators are netting less and less revenue from exports. Overall, revenue declined over the past five years. However, over the five years to 2023, industry revenue is expected to marginally recover thanks to the growing phenomena of reshoring manufacturing as well as a renewed demand for niche industry products. Furthermore, an expected depreciation of the US dollar will benefit operators.
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.
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