Leather Good & Luggage Manufacturing in the US - Industry Market Research Report
Description
Leather Good & Luggage Manufacturing in the US
The Leather Good and Luggage Manufacturing industry has declined through the end of 2023. Consumers have increasingly satisfied their leather goods needs by purchasing inexpensive imported items, while domestic companies net less revenue from exports. Total import revenue continues to dominate the market and goods purchased from overseas businesses are expected to account for a significant share of domestic demand, satisfying 95.2% in 2023. Industry revenue has been shrinking at an average annualized 1.4% over the past five years and is expected to total $3.2 billion in 2023 when revenue slips by an estimated 0.6%. The average industry profit margin, measured as earnings before interest and taxes, is moderate, accounting for 4.9% of revenue in 2023.
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.
The Leather Good and Luggage Manufacturing industry has declined through the end of 2023. Consumers have increasingly satisfied their leather goods needs by purchasing inexpensive imported items, while domestic companies net less revenue from exports. Total import revenue continues to dominate the market and goods purchased from overseas businesses are expected to account for a significant share of domestic demand, satisfying 95.2% in 2023. Industry revenue has been shrinking at an average annualized 1.4% over the past five years and is expected to total $3.2 billion in 2023 when revenue slips by an estimated 0.6%. The average industry profit margin, measured as earnings before interest and taxes, is moderate, accounting for 4.9% of revenue in 2023.
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.
Table of Contents
39 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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