Leather is suitable for various application including footwear, premium wallets, handbags, and other leather products. The inherent qualities of leather such as fireproof, dustproof and durability make it a suitable material for making long-lasting products. Moreover, changing fashion trends, rising domestic & international tourism, and increasing awareness about branded products are some of the factors that are motivating the leather goods market. As there is a rise in domestic & international tourism, now people are opting user-friendly, better quality & light weighted bags such as leather luggage bags for convenient traveling. However, the rising cost of genuine leather and the ever-increasing awareness of animal cruelty norms is creating demand for synthetic leather across the globe.
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The global leather goods market is segmented on the basis of product type, material and distribution channel. On the basis of product type, the market is sub-segmented into footwear, luggage, clothing & apparel, accessories, and others. Further, on the basis of the distribution channel, the market is divided into online retail and offline retail. Furthermore, on the basis of material type, the market is segmented into synthetic leather and genuine leather. Among product type, the footwear segment is expected to have a major share in the market as the demand for comfortable and high-quality products are constantly increasing. For instance, according to the Indian Brand Equity Foundation (IBEF), the consumption of per capita footwear is expected to rise in the near future. Further, among material, synthetic leather is expected to grow significantly attributed to the growing demand for more cost-effective and animal-friendly substitute.
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On the basis of geography, the global leather goods market is segmented on the basis of regions including North America, Europe, Asia-Pacific and Rest of the World (RoW). North America region is expected to witness the significant growth in the leather goods market. Growing consumer spending in the region is expected to be the major driver in the region. The development in the e-commerce sector in the US fashion market will further boost demand for leather products. Moreover, an increasing number of digital payment options such as Apple pay, Alipay and PayPal are making online shopping popular in that region. There are various companies operating in leather goods market including Nike, Inc., Adidas AG, Tapesty, Inc., Woodland Worldwide, Dolce & Gabbana S.R.L, Giorgio Armani S.p.A., Prada S.p.A., Samsonite South Asia Pvt. Ltd., VIP Industries Ltd. And CHANEL among others.
Market Segmentation
Global Leather Goods Market by Product Type
- Footwear
- Luggage
- Clothing & Apparel
- Accessories
- Other (Upholstery)
Global Leather Goods Market by Material
- Synthetic Leather
- Genuine Leather
Global Leather Goods Market by Distribution Channel
- Online
- Offline
Regional Analysis
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Adidas AG
- Aero Leather Clothing, Ltd.
- CHANEL
- Dolce&Gabbana S.R.L
- Giorgio Armani S.p.A.
- GNN International
- Hermes International SCA
- Kering
- Knoll, Inc.
- Louis Vuitton European Co.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
