Global Leather Goods Market to Grow at 4.7% During 2023-2028, Propelled by Advent of Bio-Based Variants

September 14, 2020 | Retail

According to the latest report by IMARC Group, titled "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. Leather refers to the durable material that is obtained by tanning skins and rawhide of numerous animals, such as cattle, sheep and goats. The process of tanning aids in stabilizing the collagen of the rawhide, which improves its thermal, chemical and microbiological stability and makes it suitable for a vast array of applications. Leather is utilized to manufacture numerous goods, such as bags, footwear, belts, watches and garments, due to its enhanced strength, durability and flexibility. Leather is also dust-, fire-, crack- and water-proof in nature, which has led to its widespread utilization for the production of sports equipment and automotive upholstery.

Global Leather Goods Market Trends:

The market is primarily driven by the increasing demand for long-lasting luggage products by travelers. Since leather luggage products are extremely functional while being resistant to dust and water, they are widely used by individuals to protect their belongings and electronic gadgets while traveling. Along with this, the inflating disposable income levels of the masses and the shifting focus toward unique and stylish products are also providing an impetus to the market growth. Moreover, the escalating sales of numerous leather products through e-commerce retail channels are acting as a major growth growth-inducing factor. Since these online portals offer a wide set of options to users to choose from with varied price ranges and attractive discounts, they are gaining widespread prominence across the globe. Furthermore, numerous key players are utilizing advanced technologies, including automated cutting processes, for manufacturing these goods to offer vast varieties and customization options to end users. They are also introducing goods made from bio-based leather that offers improved scratch resistance with a softer surface when compared with synthetic leather. Increasing fashion consciousness among the masses and an enhanced focus toward sustainability are consequently facilitating the uptake of these goods. On account of the aforementioned factors, the market is expected to grow at a CAGR of 4.7% during 2023-2028.

Market Summary:

On the basis of the product, the market has been bifurcated into footwear (military, casual, formal, sports and other shoes) and other leather products (upholstery, luggage, accessories, clothing and apparel, bags, wallets and purses, and others).
Based on the material, the market has been divided into genuine leather (top-grain and split-grain leather) and synthetic leather (PU-based, PVC-based and bio-based leather).
On the basis of the price, the market has been classified into premium and mass products.
Based on the distribution channel, the market has been categorized into clothing and sportswear retailers, departmental stores, supermarkets and hypermarkets, online stores and others.
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the market with the detailed profiles of the key players. Some of these players include 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).

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product, Material, Price, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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)
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Leather Goods Market to Grow at 4.7% During 2023-2028, Propelled by Advent of Bio-Based Variants

Purchase options Year End sale

Single User License ~~$2499~~ $2249
Five User License ~~$3499~~ $2974
Corporate License ~~$4499~~ $3599

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.