Leather goods refer to the products manufactured from the hides and skins of animals, such as cattle, buffaloes, sheep, goats, and hogs. The raw material is treated with different chemicals to enhance the durability, strength, and flexibility of the leather. The processed leather is further utilized in the manufacturing of footwear, garments, harnesses, saddles, gloves, bracelets, belts, bags, watches, wallets, and smartphone covers. Being highly durable and resistant to fire, crack, abrasion, dust, etc., the leather is widely adopted for producing sports equipment, apparel, and automotive upholstery.
According to IMARC Group’s latest report, titled “Leather Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global leather goods market to continue its moderate growth during the next five years.
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Market Trends
The rising consumer living standards supported by their increasing disposable income levels have propelled the demand for premium leather goods. Furthermore, the increasing focus of several manufacturers on providing unique and stylish products for expanding their product portfolios and attracting a large consumer base is also driving the market. The rising adoption of advanced technologies, including automated cutting in the leather production process, has led to the emergence of customized leather goods in the market. Besides this, the expanding automotive industry has also propelled the demand for leather-based automobile components. Additionally, the high prevalence of sustainable and ethical fashion trends, along with the introduction of bio-based leather products, will continue to drive the global leather goods market.
Leather Goods Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Adidas AG
- American Leather Holdings LLC
- Capri Holdings Limited
- Hermès International S.A.
- Kering S.A.
- LVMH
- Prada S.p.A. (Prada Holding S.P.A)
- Puma SE
- Tapestry Inc.
- VIP Industries (Piramal Group)
- Woodland (Aero Group)
The report has segmented the market on the basis of product, material type, price, distribution channel and region.
Breakup by Product:
- Footwear
- Military Shoes
- Casual Shoes
- Formal Shoes
- Sports Shoes
- Others
- Other Leather Products
- Upholstery
- Luggage
- Accessories
- Clothing & Apparel
- Bags, Wallets and Purses
- Others
Breakup by Material Type:
- Genuine Leather
- Top-grain Leather
- Split-grain Leather
- Synthetic Leather
- PU-Based Leather
- PVC-Based Leather
- Bio-Based Leather
Breakup by Price:
- Premium Products
- Mass Products
Explore full report with table of contents:
Breakup by Distribution Channel:
- Clothing and Sportswear Retailers
- Departmental Stores
- Supermarkets and Hypermarkets
- Online Stores
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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