The global leather and allied products market size is expected to grow from $319.01 billion in 2021 to $356.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The leather and allied product market is expected to grow to $536.77 billion in 2026 at a CAGR of 10.8%.
What is the Global Leather And Allied Products Market?
The leather and allied products market consists of sales of leather and allied products by entities (organizations, sole traders and partnerships) that produce leather and allied products. Leather and allied product producers transform hides into leather by tanning or curing and fabricating the leather into products for final consumption, and/or produce similar products from other materials, including products (except apparel) made from "leather substitutes” such as rubber, plastics, or textiles. Rubber footwear, textile luggage, and plastic purses or wallets are examples of "leather substitute" products included in this market.
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What drives the Global Leather And Allied Products Market?
Increasing demand for online shopping is expected to drive the leather and allied products market. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the leather and allied products market. In countries such as India, for instance, e-commerce portals have boosted the sales of these products by giving larger exposure to producers who were confined to one geography.
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Global Leather And Allied Products Market Segments
The global leather and allied products market is segmented:
By Type: Leather Footwear, Non-Leather Footwear, Leather Luggage, Handbags and Other Goods, Non-Leather Luggage, Handbags and Other Goods, Leather Tanning
By Application: Automotive, Furniture, Consumer Goods
By Type of Leather: Top-Grain Leather, Split Leather, Patent Leather, Bonded Leather
By Distribution Channel: Retail Stores, Online Stores
By Geography: The regions covered in the leather and allied products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Leather And Allied Products Global Market Report 2022 provides market size and growth forecasts for the global leather and allied products market, global leather and allied products market share, leather and allied products market segments and geographies, leather and allied products market competitive landscape including leading competitors’ revenues, profiles and market shares. The leather and allied products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Leather And Allied Products Industry Players include Nike Inc., Christian Dior SE, Adidas AG, Kering SA, Skechers U.S.A. Inc., Puma SE, ASICS Corporation, Tapestry Inc, Prada SpA and Wolverine World Wide Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
