Leather Goods Market Industry Outlook, Size, Growth Factors and Forecast 2030
Leather Goods Market :size was valued at US$ 4.66 Bn. in 2029. Footwear, one of the segments reviewed in our report dominated the Global Leather Goods Market.
Leather Goods Market Overview
The report serves as a comprehensive guide for investors, stakeholders, and market followers of the Leather Goods Market. It offers an in-depth analysis of the market size, segmentation, drivers, and restraints. Factors that are expected to impact the industry positively or negatively are also included, providing decision-makers with a clear understanding of the Leather Goods industry’s future outlook.
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Leather Goods Market Report Scope and Research Methodology
The research for this report employs a combination of primary and secondary research methods to provide a detailed and accurate analysis of the Leather Goods Market. The bottom-up approach is utilized to estimate the market size, while secondary research is used to identify key players in the market. Primary research involves conducting interviews with significant opinion leaders and industry experts, including business owners and marketing specialists. Secondary research involves a thorough review of the annual and financial reports of top manufacturers to calculate their market revenues.
Leather Goods Market Regional Insights :
The research includes a global-level regional analysis, providing a comprehensive understanding of the dominant market share and penetration in different regions. It also highlights emerging regions expected to become major markets for Leather Goods . The report encompasses a competitive analysis, focusing on growth models, new strategies, and technologies adopted by key players in the market.
Leather Goods Market Segmentation :
In terms of product, footwear held a 42% market share in 2022. Major brands like Nike, Adidas, and others are present in the leather athletic footwear market, and new players have also entered the market. The numerous designs, sizes, customisations, and sneaker trends, among other things, are what are propelling the expansion of the footwear market.
Clothing is anticipated to expand at a CAGR of 7% over the forecast period. The factors anticipated to propel market expansion over the forecast period are the increase in disposable income and the availability of a wide range of designs and styles.
Over the course of the projection period, home décor is anticipated to increase at a CAGR of 5.6%. Growing spending on house remodelling and furnishings is what’s fueling the segment’s expansion.
Sorted by In 2022, the Genuine segment held a 57% market share, leading the market. The product’s design appeal and lower cost compared to authentic leather goods are what are driving demand for it. Polyvinyl chloride and polyurethane are used in its manufacturing. Polyurethane is environmentally benign since, unlike vinyl, it doesn’t release dioxins.
Over the course of the projection period, the synthetic segment is anticipated to increase at a CAGR of 7%. The product’s heavy-duty structure, affordability, and environmentally friendly alternatives are anticipated to fuel demand. Heavy-duty, flexible products with a medium wall construction that flexes but doesn’t break easily are made from materials like PET. Throughout the projection, these elements are anticipated to propel the segment’s growth.
Leather Goods Market Key Players :
1. Adidas AG 2. Nike, Inc. 3. Puma SE 4. Fila, Inc. 5. New Balance Athletics, Inc. 6. Knoll, Inc. 7. Samsonite International S.A. 8. VIP Industries Ltd. 9. Timberland LLC 10. Johnston & Murphy 11. Woodland Worldwide 12. Hermès International S.A. 13. Louis Vuitton Malletier 14. VF Corp. 15. COLLAR Company 16. LUCRIN Geneva 17. Nappa Dori 18. Saddles India Pvt. Ltd. 19. Lear Corp
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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