The latest report by IMARC Group, titled “Leather Goods Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global leather goods market size reached US$ 390.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 598.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. 

Leather goods encompass numerous products made from leather, a durable and versatile material derived from animal hides. These goods are crafted through various processes that involve tanning, dyeing, and shaping the leather into functional and aesthetically pleasing items. Some common leather goods include leather wallets, belts, handbags, shoes, and jackets. These items are known for their durability, timeless appeal, and the ability to develop a unique patina over time. They combine functionality with fashion, making them popular for everyday use and special occasions. Additionally, skilled artisans and designers create leather goods that cater to various tastes and preferences. As a result, leather goods are gaining immense popularity, with consumers valuing the quality and longevity of these products. 

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/leather-goods-market/requestsample

Leather Goods Market Trends and Drivers:

The leather goods market is primarily driven by the growing apparel industry. In addition, the increasing demand for leather to produce clothing items such as jackets, pants, skirts, vests, shoes, boots, sandals, sneakers, belts, wallets, gloves, and hats to add style is influencing the market growth. Moreover, the widespread adoption of leather in the furniture industry in furniture manufacturing to create a luxurious appearance, comfort, and long-lasting quality product represents another major growth-inducing factor. Along with this, the rising product application in the automotive industry for car seats, steering wheel covers, and interior panels enhances the comfort and luxury of automobiles, thus propelling the market growth. It also produces motorcycle jackets, pants, and gloves due to its abrasion resistance and protective qualities. Furthermore, the escalating demand for leather goods to manufacture sports balls, such as soccer balls, basketballs, and baseball gloves, provides the right balance of grip and durability, and gym gloves, weightlifting belts, and jump ropes are creating a positive market growth. 

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

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

Breakup by Material:

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

Breakup by Price:

• Premium Products
• Mass Products

Breakup by Distribution Channel:

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

Market 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

Competitive Landscape with Key Player:

• 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)
• Woodland (Aero Group)

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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