Global Leather Goods Market
The global Leather Goods market was valued at USD 400 billion in 2021 which expected to reach USD 703.5 billion by 2027 at a CAGR 8.78 % from 2021-2027.
Leather goods are articles or materials created from leather. Full-grain leather, top grain leather, rectified grain leather, bonded leather, and more forms of leather exist. Gloves, garments, bags, footwear, watches, furniture, and other items made of leather are examples of leather goods. One of the primary driving factors influencing market expansion is an increase in the demand for leather in the creation of garments.
Market Drivers
Rising consumer disposable income, increasing living standards, changing fashion trends, and more domestic and international travel are the primary drivers of the market. Rising demand for comfortable, contemporary, and fancy leather garments, footwear, and accessories, as well as increased brand awareness, are likely to benefit the sector.
COVID-19 Impact on the Leather Goods Market
The COVID-19 pandemic has had a significant influence on the leather industry as a whole, including footwear, clothes, and accessories. Retailers suffered significant losses in the first two quarters of 2020. According to World Footwear, footwear sales in the United States fell by about 32% at the conclusion of the first two quarters of 2020. Low demand for footwear in general is projected to reduce the sales of leather shoes. Many industrial producers have historically relied on China for finished goods as well as raw materials utilized in the production of various leather items. The epidemic, on the other hand, has interrupted the supply chain, resulting in significant losses in terms of product shipment and on-time delivery
Market Segmentation
The Global Leather Goods Market is segmented into Type, Product. By Type such as Genuine Leather, Synthetic Leather, Vegan Leather. Further, market is segmented into By Product such as Handbags, Small Leather Goods/ Accessories, Apparel, Footwear, Home Décor And Furnishing, Pet Accessories, Automotive Accessories.
Regional Analysis
Global Leather Goods Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the Leather Goods market. The rising popularity of the product, combined with an increase in online transactions in North America, is likely to drive the regional market in the future. The growing number of athletes and health and fitness-conscious people is also expected to drive market growth. The United States was the region's largest market, followed by Canada and Mexico. In North America, leather goods are mostly distributed through department stores, discount stores, factory outlets, and e-commerce platforms, among other channels.
Asia Pacific is expected to be the fastest-growing regional market throughout the projection period. The Asia Pacific market, led by China and India, is being driven by rising demand for premium and luxury goods. Bangladesh and Pakistan are key Asian sources of primary leather (raw material).
Key Players
Various key players are listed in this report such as Adidas AG; Nike, Inc.; Puma SE; Fila, Inc.; New Balance Athletics, Inc.; Knoll, Inc.; Samsonite International S.A.; VIP Industries Ltd.; Timberland LLC; Johnston & Murphy; among others.
Market Taxonomy
By Type
By Product
By Region
Key Questions Addressed by the Report
Global Leather Goods Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Leather Goods Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Leather Goods Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Leather Goods Market Share Analysis, By Type
5.3 Global Leather Goods Market Size and Forecast, By Type
5.3.1 Genuine Leather
5.3.2 Synthetic Leather
5.3.3 Vegan Leather
6 Global Leather Goods Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Leather Goods Market Share Analysis, By Product
6.3 Global Leather Goods Market Size and Forecast, By Product
6.3. 1 Handbags
6.3.2. Small Leather Goods/ Accessories
6.3.3. Apparel
6.3.4. Footwear
6.3.5 Home Décor And Furnishing
6.3.6 Pet Accessories
6.3.7 Automotive Accessories
7 Global Leather Goods Market, By Region
7.1 Global Leather Goods Market Share Analysis, By Region
7.2 Global Leather Goods Market Share Analysis, By Region
7.3 Global Leather Goods Market Size and Forecast, By Region
8 North America Leather Goods Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Leather Goods Market Share Analysis, By Type
8.3 North America Leather Goods Market Size and Forecast, By Product
8.4 North America Leather Goods Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Leather Goods Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Leather Goods Market Share Analysis, By Type
9.3 Europe Leather Goods Market Size and Forecast, By Product
9.4 Europe Leather Goods Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Leather Goods Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Leather Goods Market Share Analysis, By Type
10.3 Asia Pacific Leather Goods Market Size and Forecast, By Product
10.4 Asia Pacific Leather Goods Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Leather Goods Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Leather Goods Market Share Analysis, By Type
11.3 Latin America Leather Goods Market Size and Forecast, By Product
11.4 Latin America Leather Goods Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Leather Goods Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Leather Goods Market Share Analysis, By Type
12.3 Middle East Leather Goods Market Size and Forecast, By Product
12.4 Middle East Leather Goods Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Adidas AG
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Nike, Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Puma SE
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Fila, Inc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 New Balance Athletics, Inc
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Knoll, Inc
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Samsonite International S.A.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 VIP Industries Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Timberland LLC
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Johnston & Murphy
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
