Global Leather And Allied Products Market Size 2024, Forecast To 2033

11 Mar, 2024

The leather and allied products market size has exhibited strong growth, rising from $389.75 billion in 2023 to $424.85 billion in 2024, marking a considerable compound annual growth rate (CAGR) of 9.0%. The historic period's expansion can be attributed to the increased disposable income and living standards, the rise in foreign direct investments, strong economic growth in emerging markets, and technological developments. Looking ahead, the market is anticipated to experience strong growth, reaching $592.82 billion in 2028 with a CAGR of 8.7%. Contributing factors include the increasing demand for online shopping, the growing domestic and international tourism, the rising penetration of social media, the increase in motorcycle sales, and the growing demand for sportswear and performance wear. Key trends in the forecast period encompass the launch of different types of leather such as vegan leather, dritan leather, and strategic partnerships and investments.

Global Leather And Allied Products Market Key Driver

A surge in the demand for online shopping is anticipated to propel the leather and allied products market forward. Manufacturers now have the opportunity to expand their reach and customer base globally, thanks to the increased exposure provided by e-commerce platforms. This shift in dynamics is especially evident in countries like India, where online portals have significantly boosted sales for producers who were previously constrained to specific regions. As the global preference for online shopping continues to rise, the leather and allied products market is poised for growth. The market sizes for 2023, 2024, and 2028 underscore the positive outlook, aligning with the broader trend.

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Global Leather And Allied Products Market Segments

The leather and allied products market covered in this report is segmented –
1) By Type: Leather Footwear, Non-Leather Footwear, Leather Luggage, Hand Bags and Other Goods, Non-Leather Luggage, Hand Bags and Other Goods, Leather Tanning
2) By Leather Type: Full- Grain Leather, Top-Grain Leather, Split Leather, Bonded Leather
3) By Distribution Channel: Online, Offline
4) By Application: Automotive, Furniture, Consumer Goods
By Geography:The regions covered in the leather and allied products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa Asia-Pacific was the largest region in the leather and allied products market in 2023. Western Europe was the second largest region in the leather and allied products market. The regions covered in the leather and allied products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Leather And Allied Products Industry Players

LVMH Moët Hennessy Louis Vuitton, Kering SA, Hermès International S.A., Nike Inc, Adidas AG, VHSP Pty Ltd, Rimowa Cz Spol. S R. O, Changge Yixing Leather Co Ltd, Tapestry, Inc., Australia Pty Ltd, ASICS Corporation, Zdzblo Galanteria Skorzana Sp. z oo sp. k., Elena Pieles Argentinas Srl, Chemcrown Exports Limited, Joshua Pitt Pty Ltd, Eagle Ottawa China Ltd., A V Thomas Leather and Allied Products Limited, Bowron G.L., Christian Dior SE, Acknit Industries Limited, Bhartiya International Limited, Australian Leather Holdings Ltd, Jiangsu Maydiang Leather Goods Co Ltd, Giovanni RawHides, Kowro Bags, Nilpel L.L.C, Pangea Made Gmbh, Prada S.p. A, Walfertan Processors Pty Ltd, Zatchels, Buenos Aires Holding LLC, Zoela SA, Platypus Manufacturers Pty Ltd, Complete Leather Goods Afifi for Trading, J.Y.S. Enterprise Inc, Romed SRL, Slightly Alabama, Puma SE, Saudi Leather Industries Company SLIC, Xingye Leather Technology Co Ltd, Lotuff Leather, Packer Leather Pty Ltd, Onerom Impex SRL, San Javier caprinos S.R.L, Norpol Sp. z o.o., G.H. Michell & Sons Pty Ltd, Mercatto Group Company, The Yellow Bear Company, VKP LT OOO, Jacksons Tannery Pty Ltd, Golden Down Ltd, Datong Ltd, Anhui Anli Material Technology Co Ltd, Frank Clegg Leathergoods, American Leather Co, Monapetpee nig ltd, Murgon Leather Company Pty Ltd, Noah Waxman, KOZHA AO, Sharlene Ltd, Capri Holdings Limited, Corter Leather, Aleen And Ammar Trading Est., Cooperativa Dos Produtores De Avestruz Da Bahia, Skechers USA, Inc., Heller-Leder GmbH & Co. KG, AlOthmanFashion, Mtms Leather Shoes

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Leather And Allied Products Market Overview

Leather and allied products refer to a class of products that transform hides into leather by curing or tanning them, then creating finished goods out of the leather. The leather is made from material made from animal skin that has been tanned, hair removed, and made smooth and flexible. Rubber footwear, textile luggage, and plastic purses or wallets are examples of leather substitute products included in this market.

Leather And Allied Products Global Market Report 2023 provides data on the global leather and allied products market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The leather and allied products market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.