Faux Leather Goods Market Developments by 2031
Faux leather is a synthetic material that can be used to replace leather in apparel, furniture, and other applications. It's manufactured from a fabric foundation that's been chemically treated with wax, dye, or polyurethane to give it a finish and look comparable to real leather, but at a fraction of the cost. This market is driven by the popularity of imitation leather, which is similar to animal-derived leather, as well as an expanding vegan population who prefers non-leather footwear.
MARKET DYNAMICS
The majority of genuine leather comes from developing countries like China and India, where animal welfare rules are not strictly enforced. However, stricter rules are anticipated to be enacted in Asia Pacific and the rest of the world, driving up demand for leather replacements. faux leather raw ingredients such as polyurethane (PU) and polyvinyl chloride (PVC) are hazardous to human and animal health as well as the environment.
MARKET SCOPE
the "global faux leather goods market analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the faux leather goods market with detailed market product type and distribution channel. The global faux 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 faux leather goods market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global faux leather goods market is segmented on the basis of product type and distribution channel. On the basis of product type, the global faux leather goods market is divided apparels, footwear, handbags and others. On the basis of distribution channel, the global faux leather goods market is divided supermarket and hypermarket, specialty market, online retails and others.
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 faux leather goods market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The faux 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 faux leather goods market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 faux leather goods market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global faux leather goods market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The faux 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 faux leather goods market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 faux leather goods market in these regions.
MARKET PLAYERS
The reports cover key developments in the faux 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from faux leather goods market is anticipated to lucrative growth opportunities in the future with the rising demand for bio-solvents in the global market. Below mentioned is the list of few companies engaged in the faux leather goods market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the faux leather goods market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Marks and Spence
- Cilory
- GUESS
- HUGO BOSS
- Wilsons Leather
- MANGO
- Baggit
- VERO MODA
- Vivnkaa
- Mayur Uniquoters Limited,
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 6.5% during 2023–2031
Faux Leather Goods is a growing market on account of its size, incrementing market share in various industries, and propitious growth drivers constituted of technological development and changing consumer preferences toward sustainability and ethics in fashion.
The Faux Leather Goods Market is driven by range of factors such as sustainability, technological advancements, rising fashion popularity, e-commerce growth, and expanding applications in various sectors, positioning it for continued growth and innovation.
Some key faux leather market players are - Marks and Spencer, Cilory, GUESS, HUGO BOSS, Wilsons Leather, MANGO, Baggit, VERO MODA, Vivnkaa. faux leather marker are -
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Faux Leather Goods Market - By Product Type
1.3.2 Faux Leather Goods Market - By Distribution Channel
1.3.3 Faux Leather Goods Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FAUX LEATHER GOODS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. FAUX LEATHER GOODS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FAUX LEATHER GOODS MARKET - GLOBAL MARKET ANALYSIS
6.1. FAUX LEATHER GOODS - GLOBAL MARKET OVERVIEW
6.2. FAUX LEATHER GOODS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FAUX LEATHER GOODS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. APPARELS
7.3.1. Overview
7.3.2. Apparels Market Forecast and Analysis
7.4. FOOTWEAR
7.4.1. Overview
7.4.2. Footwear Market Forecast and Analysis
7.5. HANDBAGS
7.5.1. Overview
7.5.2. Handbags Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FAUX LEATHER GOODS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FAUX LEATHER GOODS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Faux Leather Goods Market Overview
9.1.2 North America Faux Leather Goods Market Forecasts and Analysis
9.1.3 North America Faux Leather Goods Market Forecasts and Analysis - By Product Type
9.1.4 North America Faux Leather Goods Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Faux Leather Goods Market Forecasts and Analysis - By Countries
9.1.5.1 United States Faux Leather Goods Market
9.1.5.1.1 United States Faux Leather Goods Market by Product Type
9.1.5.1.2 United States Faux Leather Goods Market by Distribution Channel
9.1.5.2 Canada Faux Leather Goods Market
9.1.5.2.1 Canada Faux Leather Goods Market by Product Type
9.1.5.2.2 Canada Faux Leather Goods Market by Distribution Channel
9.1.5.3 Mexico Faux Leather Goods Market
9.1.5.3.1 Mexico Faux Leather Goods Market by Product Type
9.1.5.3.2 Mexico Faux Leather Goods Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Faux Leather Goods Market Overview
9.2.2 Europe Faux Leather Goods Market Forecasts and Analysis
9.2.3 Europe Faux Leather Goods Market Forecasts and Analysis - By Product Type
9.2.4 Europe Faux Leather Goods Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Faux Leather Goods Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Faux Leather Goods Market
9.2.5.1.1 Germany Faux Leather Goods Market by Product Type
9.2.5.1.2 Germany Faux Leather Goods Market by Distribution Channel
9.2.5.2 France Faux Leather Goods Market
9.2.5.2.1 France Faux Leather Goods Market by Product Type
9.2.5.2.2 France Faux Leather Goods Market by Distribution Channel
9.2.5.3 Italy Faux Leather Goods Market
9.2.5.3.1 Italy Faux Leather Goods Market by Product Type
9.2.5.3.2 Italy Faux Leather Goods Market by Distribution Channel
9.2.5.4 United Kingdom Faux Leather Goods Market
9.2.5.4.1 United Kingdom Faux Leather Goods Market by Product Type
9.2.5.4.2 United Kingdom Faux Leather Goods Market by Distribution Channel
9.2.5.5 Russia Faux Leather Goods Market
9.2.5.5.1 Russia Faux Leather Goods Market by Product Type
9.2.5.5.2 Russia Faux Leather Goods Market by Distribution Channel
9.2.5.6 Rest of Europe Faux Leather Goods Market
9.2.5.6.1 Rest of Europe Faux Leather Goods Market by Product Type
9.2.5.6.2 Rest of Europe Faux Leather Goods Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Faux Leather Goods Market Overview
9.3.2 Asia-Pacific Faux Leather Goods Market Forecasts and Analysis
9.3.3 Asia-Pacific Faux Leather Goods Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Faux Leather Goods Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Faux Leather Goods Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Faux Leather Goods Market
9.3.5.1.1 Australia Faux Leather Goods Market by Product Type
9.3.5.1.2 Australia Faux Leather Goods Market by Distribution Channel
9.3.5.2 China Faux Leather Goods Market
9.3.5.2.1 China Faux Leather Goods Market by Product Type
9.3.5.2.2 China Faux Leather Goods Market by Distribution Channel
9.3.5.3 India Faux Leather Goods Market
9.3.5.3.1 India Faux Leather Goods Market by Product Type
9.3.5.3.2 India Faux Leather Goods Market by Distribution Channel
9.3.5.4 Japan Faux Leather Goods Market
9.3.5.4.1 Japan Faux Leather Goods Market by Product Type
9.3.5.4.2 Japan Faux Leather Goods Market by Distribution Channel
9.3.5.5 South Korea Faux Leather Goods Market
9.3.5.5.1 South Korea Faux Leather Goods Market by Product Type
9.3.5.5.2 South Korea Faux Leather Goods Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Faux Leather Goods Market
9.3.5.6.1 Rest of Asia-Pacific Faux Leather Goods Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Faux Leather Goods Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Faux Leather Goods Market Overview
9.4.2 Middle East and Africa Faux Leather Goods Market Forecasts and Analysis
9.4.3 Middle East and Africa Faux Leather Goods Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Faux Leather Goods Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Faux Leather Goods Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Faux Leather Goods Market
9.4.5.1.1 South Africa Faux Leather Goods Market by Product Type
9.4.5.1.2 South Africa Faux Leather Goods Market by Distribution Channel
9.4.5.2 Saudi Arabia Faux Leather Goods Market
9.4.5.2.1 Saudi Arabia Faux Leather Goods Market by Product Type
9.4.5.2.2 Saudi Arabia Faux Leather Goods Market by Distribution Channel
9.4.5.3 U.A.E Faux Leather Goods Market
9.4.5.3.1 U.A.E Faux Leather Goods Market by Product Type
9.4.5.3.2 U.A.E Faux Leather Goods Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Faux Leather Goods Market
9.4.5.4.1 Rest of Middle East and Africa Faux Leather Goods Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Faux Leather Goods Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Faux Leather Goods Market Overview
9.5.2 South and Central America Faux Leather Goods Market Forecasts and Analysis
9.5.3 South and Central America Faux Leather Goods Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Faux Leather Goods Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Faux Leather Goods Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Faux Leather Goods Market
9.5.5.1.1 Brazil Faux Leather Goods Market by Product Type
9.5.5.1.2 Brazil Faux Leather Goods Market by Distribution Channel
9.5.5.2 Argentina Faux Leather Goods Market
9.5.5.2.1 Argentina Faux Leather Goods Market by Product Type
9.5.5.2.2 Argentina Faux Leather Goods Market by Distribution Channel
9.5.5.3 Rest of South and Central America Faux Leather Goods Market
9.5.5.3.1 Rest of South and Central America Faux Leather Goods Market by Product Type
9.5.5.3.2 Rest of South and Central America Faux Leather Goods Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FAUX LEATHER GOODS MARKET, KEY COMPANY PROFILES
11.1. MARKS AND SPENCE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CILORY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GUESS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HUGO BOSS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. WILSONS LEATHER
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MANGO
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BAGGIT
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VERO MODA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VIVNKAA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MAYUR UNIQUOTERS LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Marks and Spence
2.Cilory
3.GUESS
4.HUGO BOSS
5.Wilsons Leather
6.MANGO
7.Baggit
8.VERO MODA
9.Vivnkaa
10.Mayur Uniquoters Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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