Leather Goods Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Leather goods, such as footwear, luggage, apparel, and accessories, have high popularity among consumers owing to their innate qualities such as dustproof, fireproof, and higher durability. These goods are made out of material procured from tanning hides and the skin of animals, mainly from cattle. Furthermore, there is a rising demand for luxury and fashion handbags, wallets, and other aesthetic accessories made from premium leather, driving the global leather goods market.

MARKET DYNAMICS

The rising working population, especially women, has significantly increased the demand for leather goods such as footwear, handbags and accessories. Moreover, the ongoing digitalization in major countries and the consequent advancement in internet penetration, especially in developing countries like India, Brazil, and China, has made social media websites an ideal channel for promoting and marketing leather goods. Additionally, these goods are widely used as attachments and accessories in home décor and interior design. However, the widespread availability of substitutes for leather goods in various regions worldwide is hindering the growth of the global leather goods market since there is a growing awareness among consumers for animal and environmental protection.

MARKET SCOPE

The "Global Leather Goods Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the leather goods market with detailed market segmentation by Material, Style, and Distribution Channel. The global leather goods market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading leather goods market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global leather goods market is segmented into Product, and Distribution Channel. By product, the leather goods market is classified into Footwear, Home Décor, Luggage, Apparel and Accessories. By distribution channel, the leather goods market is classified into Specialty Stores, Hypermarkets and Supermarkets, Online Retail.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global leather goods market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The leather goods market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the leather goods market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the leather goods market in these regions.

MARKET PLAYERS

The report covers vital developments in the leather goods market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the leather goods market are anticipated to lucrative growth opportunities in the future with the rising demand for leather goods in the global market. below mentioned is the list of few companies engaged in the leather goods market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the leather goods market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

1. Christian Dior
2. Kering
3. Hermes International
4. Compagnie Financiere Richemont SA
5. Prada
6. Moncler
7. GUCCI
8. Jimmy Choo
9. Montblanc
10. Versace

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Leather Goods Report Scope