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Leather Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Outlook:

The global leather goods market reached a value of US$ 350.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 490.2 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global, regional, and country level from 2022-2027. Our report has categorized the market based on product, material, price, and distribution channel.

Breakup by Product:

 

 
 

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  • 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:

 

 
 

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  • 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).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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

List of Figures

Figure 1: Global: Leather Goods Market: Major Drivers and Challenges
Figure 2: Global: Leather Goods Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Leather Goods Market: Breakup by Product (in %), 2021
Figure 4: Global: Leather Goods Market: Breakup by Material (in %), 2021
Figure 5: Global: Leather Goods Market: Breakup by Price (in %), 2021
Figure 6: Global: Leather Goods Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Leather Goods Market: Breakup by Region (in %), 2021
Figure 8: Global: Leather Goods Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Leather Goods (Footwear) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Leather Goods (Footwear) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Leather Goods (Leather Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Leather Goods (Leather Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Leather Goods (Genuine Leather) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Leather Goods (Genuine Leather) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Leather Goods (Synthetic Leather) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Leather Goods (Synthetic Leather) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Leather Goods (Premium Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Leather Goods (Premium Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Leather Goods (Mass Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Leather Goods (Mass Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Leather Goods (Clothing and Sportswear Retailers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Leather Goods (Clothing and Sportswear Retailers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Leather Goods (Departmental Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Leather Goods (Departmental Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Leather Goods (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Leather Goods (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Leather Goods (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Leather Goods (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Leather Goods (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Leather Goods (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia Pacific: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia Pacific: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Leather Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Leather Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Leather Goods Industry: SWOT Analysis
Figure 80: Global: Leather Goods Industry: Value Chain Analysis
Figure 81: Global: Leather Goods Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Leather Goods Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Leather Goods Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Leather Goods Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Global: Leather Goods Market Forecast: Breakup by Price (in Million US$), 2022-2027
Table 5: Global: Leather Goods Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Leather Goods Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Leather Goods Market Structure
Table 8: Global: Leather Goods Market: Key Players


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Key Questions Answered in This Report

The global leather goods market was valued at US$ 350.2 Billion in 2021.

We expect the global leather goods market to exhibit a CAGR of 6.1% during 2022-2027.

The rising usage of leather in manufacturing sports equipment and automotive upholstery as it is long-lasting as well as provide resistance to fire, crack, and dust, is primarily driving the global leather goods market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of leather goods.

Based on the product, the global leather goods market has been segmented into footwear and leather products, where footwear currently holds the majority of the total market share.

Based on the material, the global leather goods market can be divided into genuine leather and synthetic leather. Currently, genuine leather exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global leather goods market 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).

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