The latest report by IMARC Group, titled “Leather Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global leather goods market trends. The global 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 products come in a wide range of styles and are made from durable, versatile leather derived from animal hides. Skilled craftspeople use various techniques like tanning, dyeing, and shaping to create these goods. Leather wallets, belts, handbags, shoes, and jackets are some common items that are known for their durability, timeless appeal, and ability to develop a unique patina over time. These products combine practicality and style, making them suitable for both everyday use and special occasions. Many skilled artisans and designers create leather goods that cater to different tastes and preferences. As a result, leather products are highly sought after, with consumers appreciating their quality and long-lasting nature.
Leather Goods Market Trends and Drivers:
The leather goods market is primarily driven by the growing apparel industry, where leather is used to produce clothing items such as jackets, pants, skirts, vests, shoes, boots, sandals, sneakers, belts, wallets, gloves, and hats to add style. Moreover, leather is widely adopted in the furniture industry to create luxurious and long-lasting products, which is another significant factor contributing to the market's growth. The use of leather in the automotive industry for car seats, steering wheel covers, and interior panels also enhances the comfort and luxury of vehicles, thereby propelling the market's expansion. Additionally, leather is used in the production of sports equipment such as soccer balls, basketballs, baseball gloves, and gym gear like weightlifting belts and jump ropes, which are known for their durability and grip. These diverse applications of leather contribute to the escalating demand for leather goods and drive the market's growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/leather-goods-market/requestsample
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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