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Leather Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Mar 18, 2023
Length 145 Pages
SKU # IMRC17854398

Description

Leather Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global leather goods market size reached US$ 370.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 505.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Leather is a stretchable and durable material made by treating hides and skins of various animals, such as buffaloes, sheep, cattle, goats, hogs, horses, and camels. It is used to manufacture gloves, bags, clothes, watches, footwear, saddles, harnesses, and furniture due to its enhanced strength, durability, and flexibility. It is long-lasting, repairable, comfortable, and resistant to dust, fire, scratch, and water. As a result, it is increasingly being utilized in the manufacturing of products like automotive upholstery sports equipment, and apparel.

Leather Goods Market Trends:
Rapid urbanization, inflating income levels, and rising living standards are among the key factors catalyzing the demand for premium and branded leather products. In addition, the thriving travel and tourism industry and the emerging trend of travel vlogging are increasing the sales of customized suitcases, trolley bags, and backpacks made from leather. In line with this, the rising traction of fashion shows that promote leather products, such as handbags, jackets, pants, and shoes, is offering lucrative growth opportunities to manufacturers. Additionally, leading market players are focusing on creating brand awareness among the masses through various promotional activities on social media platforms and celebrity endorsements. They are also adopting advanced technologies in leather production, such as the automated cutting process, to provide varieties and customization options. Furthermore, the growing global population is catalyzing the demand for passenger and commercial vehicles with enhanced and customized automotive upholstery. Moreover, the introduction of bio-based leather is gradually replacing conventional leather products and it is expected to propel the market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global leather goods market report, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product, material, price, and distribution channel.

Breakup by Product:

Footwear
Military Shoes
Casual Shoes
Formal Shoes
Sports Shoes
Others
Leather Products
Upholstery
Luggage
Accessories
Clothing and Apparel
Bags, Wallets and Purses
Others

Footwear represents the largest product due to the escalating demand for leather footwear products and the expansion of well-established companies across the globe.

Breakup by Material:

Genuine Leather
Top-grain Leather
Split-grain Leather
Synthetic Leather
PU-Based Leather
PVC-Based Leather
Bio-Based Leather

Genuine leather accounts for the majority of the market share as it is extensively used in the footwear industry to make durable, comfortable, and breathable products.

Breakup by Price:

Premium Products
Mass Products
Based on price, the market has been classified into premium and mass products.

Breakup by Distribution Channel:

Clothing and Sportswear Retailers
Departmental Stores
Supermarkets and Hypermarkets
Online Stores
Others

Based on the distribution channel, the market has been categorized into clothing and sportswear retailers, departmental stores, supermarkets and hypermarkets, online stores, and others.

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America currently exhibits a clear dominance in the market due to the increasing online purchases and the growing population of athletes and fitness-conscious individuals in the region.

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Adidas AG, American Leather Holdings LLC, Capri Holdings Limited, Hermès International S.A., Kering S.A., LVMH, Prada S.p.A. (Prada Holding S.P.A), Puma SE, Tapestry Inc., VIP Industries (Piramal Group) and Woodland (Aero Group).

Key Questions Answered in This Report

1. What was the size of the global leather goods market in 2022?
2. What is the expected growth rate of the global leather goods market during 2023-2028?
3. What are the key factors driving the global leather goods market?
4. What has been the impact of COVID-19 on the global leather goods market?
5. What is the breakup of the global leather goods market based on the product?
6. What is the breakup of the global leather goods market based on the material?
7. What are the key regions in the global leather goods market?
8. Who are the key players/companies in the global leather goods market?

Table of Contents

145 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Leather Goods Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Footwear
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Military Shoes
6.1.2.2 Casual Shoes
6.1.2.3 Formal Shoes
6.1.2.4 Sports Shoes
6.1.2.5 Others
6.1.3 Market Forecast
6.2 Leather Products
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Upholstery
6.2.2.2 Luggage
6.2.2.3 Accessories
6.2.2.4 Clothing and Apparel
6.2.2.5 Bags, Wallets and Purses
6.2.2.6 Others
6.2.3 Market Forecast
7 Market Breakup by Material
7.1 Genuine Leather
7.1.1 Market Trends
7.1.2 Major Types
7.1.2.1 Top-grain Leather
7.1.2.2 Split-grain Leather
7.1.3 Market Forecast
7.2 Synthetic Leather
7.2.1 Market Trends
7.2.2 Major Types
7.2.2.1 PU-Based Leather
7.2.2.2 PVC-Based Leather
7.2.2.3 Bio-Based Leather
7.2.3 Market Forecast
8 Market Breakup by Price
8.1 Premium Products
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Mass Products
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Clothing and Sportswear Retailers
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Departmental Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Supermarkets and Hypermarkets
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Online Stores
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Adidas AG
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 American Leather Holdings LLC
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Capri Holdings Limited
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Hermès International S.A.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Kering S.A.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 LVMH
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Prada S.p.A. (Prada Holding S.P.A)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Puma SE
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Tapestry Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 VIP Industries (Piramal Group)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Woodland (Aero Group)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio

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