Global Leather Goods Market Segments 2024, Forecast To 2033
5 Mar, 2024
The leather goods market has displayed robust growth, rising from $378.26 billion in 2023 to $407.37 billion in 2024, with a 7.7% CAGR. This growth is linked to fashion trends and industrialization. Strong growth is expected, reaching $541.69 billion in 2028, with a projected 7.4% CAGR. Factors include health and environmental awareness, luxury market penetration, and e-commerce growth. Major trends in 2028 encompass cultural influences, rental markets, and innovations in material alternatives.
Global Leather Goods Market Key Driver
The letter of credit confirmation market is on the rise with increased global trade activities. Global trade values reached $28.5 trillion in 2021, growing by 25%. A higher demand for letter of credit confirmation accompanies the surge in trade activities.
Get A Free Sample Of The Global Leather Goods Market ReportGlobal Leather Goods Market Segments
The leather goods market covered in this report is segmented –
1) By Leather Type: Full Grain Leather, Split Grain Leather, Genuine Leather, Faux Leather, Bonded Leather
2) By Product: Footware, Handbags, Apparel, Luggage, Wallet, Belts, Other Products
3) By Grade: High-Grade, Mid-Grade
4) By Distribution Channel: Specialty Stores, Company Franchised Stores, E-Commerce, Supermarkets And Hypermarkets, Other Distribution Channels
5) By End- User: Men, Women, Kids
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Europe was the largest region in the leather goods market in 2023. Asia-Pacific is expected to be the fastest-growing region in the leather goods market report during the forecast period. The regions covered in the leather goods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Leather Goods Industry Players
Kering SA; Adidas AG; Hermes International S.A.; Louis Vuitton SE; Samsonite IP Holdings S.AR.L.; New Balance Athletics Inc.; Knoll Inc.; Timberland LLC; Johnston And Murphy; Woodland; PRADA Spa; VIP Industries Ltd.; VF Corp.; COLLAR Company; LUCRIN Geneva; Nappa Dori; Saddles India Pvt. Ltd.; Alma Leather; American Leather Operations LLC; Belstaff; Bottega Veneta; Brunello Cucinelli; Burberry; Capri Holdings Limited; Chanel; Coach; Fendi; Giorgio Armani; Gucci; Jack Georges
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AIOps Leather Goods Market Overview
Leather goods refer to articles made of leather. These are created with animal skins and hides that are chemically treated, or tanned, to prevent decomposition. Leather is a strong, flexible, and durable material. Leather goods come with different types of lifestyle products, which are utilized by various customers for personal use or to enhance their social status.
Leather Goods Global Market Report 2023 provides data on the global leather goods market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The leather goods market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.