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Leather goods are leather products. They are made from tanning hides and the skins of animals, primarily cattle. Leather luggage includes suitcases, trolley bags and other items used to transport personal belongings, as well as products such as purses, wallets & belts, footwear, handbags and others.
Leather Goods Market Scope:
The Leather Goods market is segmented in this Stellar Market Research report based on manufacturers, regions, product types, and application areas. A market's size can be calculated using its value, output, and consumption. This Stellar Market Research (SMR) report discusses distribution channels, Porter's Five Forces Report, market share, size, growth rate, future trends, market drivers, opportunities and challenges, risks, and entry barriers, among other things.
Leather Goods Market Overview:
The SMR Leather Goods Market report investigates the historical and projected growth of the upstream, midstream, and downstream industries. The market research study goes into great detail about the overall market size, revenue, and market segmentation. The SMR research takes into account a wide range of factors, including current market competition, potential growth barriers, key manufacturer profiles, and production and consumption by relevant areas.
Leather Goods Market Size was
valued at USD 272.3 billion in 2020. Global Leather Goods Market size is
estimated to grow at a CAGR of 7 % over the forecast period.
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Leather Goods Market Drivers:
Designers
from all over the world showcase their latest creations at fashion
exhibitions and events around the world, bringing more customers to
leatherwear. Among the leather goods on display were modern jackets,
twill trench coats, travel bags, leather shoes, duffle bags, and ankle
boots. These events attract hundreds of thousands of leather goods
customers, manufacturers, and designers from across the country.
Leather Goods Market Segmentation:
Footwear dominated the market by product in 2020, accounting for 43% of the total. Nike, Adidas, and other major players, as well as new entrants, have entered the leather athletic footwear market. Among the factors driving the growth of the footwear industry are a diverse range of design options, sizes, customizations, and expanding trainer styles.
Apparel is expected to grow at a CAGR of 7.32% over the forecast period. The rise in disposable income, as well as the availability of a diverse range of shapes and styles, are expected to drive market growth throughout the forecast period.
In 2020, the genuine segment
dominated the market with a 58% share. Factors driving demand for the
product include the fact that it is less expensive than genuine leather
products and is equally appealing in terms of style. It is made of
polyurethane and polyvinyl chloride. Polyurethane is better for the
environment than vinyl because it does not emit dioxins.
The
synthetic segment is expected to grow at a CAGR of 6.8% during the
forecast period. Low cost and heavy-duty construction, as well as
environmentally friendly options, are likely to increase demand for the
product. PET-based products are heavy-duty, flexible, and have a medium
wall construction that flexes but remains crack-resistant.
Key Players:
Adidas AG
Nike, Inc.
Puma
Boston Leather Goods Company
Knoll, Inc.
Samsonite International S.A.
Timberland LLC
Johnston & Murphy
Woodland Worldwide
Hermès International S.A.
Louis Vuitton
LUCRIN Geneva
Nappa Dori
Saddles India Pvt. Ltd.
Lear Corp.
Bhartiya International
Mirza International
The SMR report also includes company profiles, product images and specifications, output and capacity figures, pricing and cost information, revenue information, and contact information for the Leather Goods market's leading players. It investigates the specifications for raw materials, machinery, and upstream and downstream processes.
Leather Goods Market Regional Analysis:
The Middle East and Africa, South America, North America, Asia Pacific, and Europe are the market's five geographical regions. Stellar Market Research covers all market sub-segments as well as major geographic divisions. In this SMR report, we investigate regional evolution in terms of market size, share, and volume. This Stellar Market Research Leather Goods industry report includes data, geographic breakdowns, and revenue, as well as an in-depth analysis of business chain structures, opportunities, and the most recent market news.
Key Questions answered in the Leather Goods Market Report are:
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About Stellar Market Research:
In 2018, Stellar Market Research, an organisation based in India, was founded. Its area of expertise is long-term planning and consulting services to help clients meet their organisational transformation goals. The organisation uses its extensive network and in-depth knowledge of the industry to produce well-informed comments on reports that give clients a tactical edge. Customers have access to a market portfolio that will help their company establish a substantial presence, set long-term objectives, and carry out the necessary actions for remarkable growth and market dominance. Price changes, secondary market analysis, and customer buying habits are all carefully taken into account.
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