Leather goods are leather products. They are made from tanning hides and the skins of animals, primarily cattle. Leather luggage includes suitcases, trolley bags, and other items used to transport personal belongings, as well as products such as purses, wallets belts, footwear, handbags, and others.
Leather Goods Market Report Scope and Research Methodology
The aim of the Leather Goods Market report is to provide the current and future market scenario. demand, income generation and sales and revenue have been provided in the Leather Goods market report. The division of the market into various segments and sub-segments helps clients to know about different growth components that are likely to be similar across the Leather Goods industry. The top players in the Leather Goods industry including market leaders, new entrants and followers are also included in the report. The Leather Goods market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. SMR's Leather Goods market report is the result of a study that used various methodologies such as the PESTLE, PORTER, and SWOT analysis. The use of these methodologies provides the knowledge of strengths and weaknesses along with the macro and micro economic factors in the Leather Goods market.
Leather Goods Market Report Overview:
The report provides insights about Leather Goods Market key players along with a thorough analysis of their growth strategies, financial information and capacity, geographical presence, and product portfolio. The report provides fundamental dynamics of the Leather Goods market, including drivers, opportunities, challenges and restraints faced by the market.
Leather Goods Market Size was valued at USD 272.3 billion in 2020. Global Leather Goods Market size is estimated to grow at a CAGR of 7 % over the forecast period.
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Leather Goods Market Dynamics:
Designers from all over the world showcase their latest creations at fashion exhibitions and events around the world, bringing more customers to leatherwear. Among the leather goods on display were modern jackets, twill trench coats, travel bags, leather shoes, duffle bags, and ankle boots. These events attract hundreds of thousands of leather goods customers, manufacturers, and designers from across the country.
Leather Goods Market Segmentation:
Footwear dominated the market by product in 2020, accounting for 43% of the total. Nike, Adidas, and other major players, as well as new entrants, have entered the leather athletic footwear market. Among the factors driving the growth of the footwear industry are a diverse range of design options, sizes, customizations, and expanding sneaker styles.
Apparel is expected to grow at a CAGR of 7.32% over the forecast period. The rise in disposable income, as well as the availability of a diverse range of shapes and styles, are expected to drive market growth throughout the forecast period.
By Type, the genuine segment dominated the market with a 58% share in 2020. Factors driving demand for the product include its lower cost than genuine leather products and its similar attractiveness in terms of style. It is made from polyurethane and polyvinyl chloride. Polyurethane is more environmentally friendly than vinyl because it does not emit dioxins.
The synthetic segment is expected to grow at a CAGR of 6.8% over the forecast period. The product's low cost and heavy-duty construction, as well as environmentally friendly options, are likely to increase demand. Products made from materials such as PET are heavy-duty, flexible, and have a medium wall construction that flexes but remains crack-resistant.*****
Leather Goods Market Key Players:
Adidas AG
Nike, Inc.
Puma
Boston Leather Goods Company
Knoll, Inc.
Samsonite International S.A.
Timberland LLC
Johnston Murphy
Woodland Worldwide
Hermès International S.A.
Louis Vuitton
LUCRIN Geneva
Nappa Dori
Saddles India Pvt. Ltd.
Lear Corp.
Bhartiya International
Mirza International
Key Questions answered in the Leather Goods Market Report are:
- What is Leather Goods Market?
- Who are the top Leather Goods Market players?
- What was the Leather Goods Market size in 2021?
- What is the expected Leather Goods Market size by 2029?
- What will be the CAGR of the Leather Goods market during the forecast period?
- Which region held the largest market share in the Leather Goods Market?
- Which regional Leather Goods market is expected to grow at a high rate during the forecast period?
Key offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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