The Leather Goods Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Leather Goods Market?
The market size of leather goods has experienced significant growth recently. The market was worth $404.81 billion in 2024 and is projected to increase to $435.96 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Leather Goods Industry?
By 2029, the Leather Goods market is projected to reach a size of $590.48 billion, with a compound annual growth rate (CAGR) of 7.9%.
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What are the Key Growth Drivers Fueling the Leather Goods Market?
The key drivers in the leather goods market are:
• Rising health and environmental awareness
• Growth in emerging markets
• Penetration of luxury market
• Expansion of e-commerce
• Innovations in material alternatives
Global Market Segmentation: Identifying Major Leather Goods Industry 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: Footwear, 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, Super markets And Hyper markets, Other Distribution Channels
5) By End- User: Men, Women, Kids
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What are the Emerging Trends Shaping the Future of the Leather Goods Market?
The key trends in the leather goods market are:
• Cultural influences are defining the future trends in the leather goods market.
• The emergence of rental and second-hand markets is a prominent future trend.
• The use of augmented reality in retail is shaping the market's future.
• Transparency in supply chains, customization and personalization are also key emerging trends.
Who Are the Top Competitors & Leading Players in the Leather Goods Market?
Major companies in the leather goods market are:
• Kering SA
• Hermes International S.A.
• Louis Vuitton SE
• Samsonite IP Holdings S.AR.L.
• Timberland LLC
• Johnston And Murphy
• Woodland
• PRADA Spa
• VIP Industries Ltd.
• VF Corp.
• 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
Regional Dominance: Which Area Leads the Global Template Market?
Europe was the largest region in the leather goods market in 2024
