According to the latest report from the IMARC group, the global leather goods market showed moderate growth during the period 2015-2020. Going forward, the market is expected to grow at a CAGR of 5.5% during the period 2021-2026.
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Leather goods refer to products made from the hides and skins of animals, such as cattle, buffaloes, sheep, goats and pigs. The raw material is treated with different chemicals to improve the durability, strength and flexibility of the leather. The processed leather is then used in the manufacture of shoes, clothing, harnesses, saddles, gloves, bracelets, belts, bags, watches, wallets and smartphone covers. Being highly durable and resistant to fire, cracking, abrasion, dust, etc., leather is widely adopted for the production of sports equipment, garments and automotive upholstery.
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Consumers’ rising standard of living, supported by their rising disposable income levels, has propelled the demand for high-end leather goods. Additionally, the growing focus of several manufacturers on providing unique and stylish products to expand their product portfolios and appeal to a large consumer base is also driving the market. The increasing adoption of advanced technologies including automated cutting in the leather production process has led to the emergence of personalized leather goods in the market. Additionally, the expansion of the automotive industry has also propelled the demand for leather-based automotive components. Additionally, the high prevalence of sustainable and ethical fashion trends, along with the introduction of organic leather products, will continue to drive the global leather goods market.
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The report has segmented the market on the basis of product, material type, price, distribution channel, and geography.
Breakdown by product:
- Military shoes
- Casual Shoes
- Formal shoes
- Sport shoes
- Other Leather Products
- Clothes and accessories
- Bags, wallets and purses
Breakdown by type of material:
- Real leather
- Premium leather
- Split grain leather
- Synthetic leather
- PU leather
- PVC based leather
- Bio-based leather
Breakdown by price:
- Premium products
- Mass products
Breakdown by distribution channel:
- Clothing and sportswear retailers
- Departmental stores
- Supermarkets and Hypermarkets
- Online stores
Geographical distribution :
- North America (USA and Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and others)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
- Latin America (Brazil, Mexico)
- Middle East and Africa
The report has also analyzed the competitive landscape of the market with some of the major players being Adidas AG, American Leather Holdings LLC, Capri Holdings Limited, Hermès International SA, Kering SA, LVMH, Prada SpA (Prada Holding SPA), Puma SE, Tapestry Inc. ., VIP Industries (Piramal Group) and Woodland (Aero Group).
Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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