Report Code: BWC19100
Available Format: PDF
Global Leather Goods Market: Overview
The global Leather Goods market is estimated to grow at a significant rate, during the forecast period 2018-2025. The leather is used to make a variety of products, including footwear, automobile seats, clothing, bags, fashion accessories, and furniture. It is produced in a wide variety of types and styles and decorated by a wide range of techniques. Leather goods are a primary supplement in the category of luxurious fashion goods. Growing disposable income, improved the living of standards, changing fashion trends, growing domestic and international tourism and rising demand for comfortable, trendy, and fancy is vital factors expected to encourage the growth of the global Leather Goods market in the upcoming period. In addition, growing government support for the leather industry is further driving the leather goods market growth for example, in India, 100% openness in foreign direct investment is permitted through the automatic route. Moreover, rising in consumer awareness about latest fashion trends due to growing internet penetration and inclination in the adoption of social media platforms which is expected to increase consumer inclination towards branded leather goods is likely to influence the global leather goods market during the forecast period. Additionally, encouragement and initiatives from government and financial institutions to support small and medium industries related to leather goods industry development is aiding the global leather goods market on a huge scale. The increasing number of young and working women population across the globe that is spending on diverse wardrobe fashion collection is another key factor for augmentation in the global leather goods market in the anticipated period. Furthermore, increasing innovation in leather goods products with the addition of new features and designs like fireproof, dustproof, crack-proof, and durability is fueling the global leather goods market in a future timeline. With world economies growing rapidly, the retail chain across the globe is also expected to show substantial growth, thereby augmenting the growth of the leather goods segment. Further, augmentation in the tourism industry around the globe has promoted the growth of the global leather goods market.
Leather Goods Products Type analysis
On the basis of Products type, the Leather Goods market has been segmented into Footwear, Luggage, Wallets & Purses, Apparel, and Others. By product type, Footwear segment dominates the global Leather Goods owing to the rising income level among consumers, changes in Lifestyles coupled with increasing consumer spending, the surge in working-class population and demand for formal shoes especially leather products. Moreover, increasing inclination of consumer towards comfortable and high-quality products, increment in per capita footwear consumption is expected to the influence the global footwear leather markets. Luggage segment will drive by the availability of different designs and styles of luggage rather than a few limited designs in online and offline retail stores. Moreover, availability of stylish and compact luggage products offered by market players provide convenience and ease to consumers, coupled with increased per capita income encourages consumers to opt for premium and high-quality leather products will accelerate the global leather goods market. Purses and wallets market will influence by consumers preference for purses and wallets which are compact yet stylish and changing fashion trends.
Leather Goods Distribution Channel analysis
On the basis of distribution, the global Leather Goods market has been segmented into E-commerce and retail stores. By distribution channel, E-commerce will lead the market due to increasing penetration of internet users across the globe. Moreover, the trend of online shopping is on the rise on the account which provides better accessibility offered by these websites, which will drive the e-commerce segment in the future timeline. Retail stores segment will drive rapid urbanization & industrialization which lead to the opening of shopping stores in various places such as strip shopping centers, indoor shopping malls, and commercial and residential areas. Major Consumers usually prefer shopping from retail stores in the account of better consumer-product interaction which will impel the retail segment growth over the next few years.
Regional analysis of Leather Goods market
On the basis of region, the Leather Goods market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific dominates the world Leather Goods market over the forecast period owing to the increasingly relying on the domestic market rather than exports due to the major manufacturing unit in this region. Moreover, developing countries such as India, inviting international players to invest in the retail sector and consumer sector through giving exemption in FDI. North America is projected to be the fastest growing market throughout the forecast period due to rapidly expanding in e-commerce sector in the U.S. fashion market coupled with the rising number of digital payment option.
Objective of the Study:
- To analyze and forecast market size of the world Leather Goods market, in terms of Value
- To examine the careful market segmentation and forecast the market size, in terms of Value, on the premise of region by segmenting world Leather Goods market into 5 regions, namely, North America, Europe, Asia Pacific, Middle East, and geographical area.
- To outline, categorized and forecast the world Leather Goods on the premise of product kind and distribution channel
- To examine competitive developments like expansions, technological advancement, services, and regulative framework within the world Leather Goods market.
- To pinpoint the drivers and challenges for world Leather Goods market
- To spot the profile of leading players, that area unit concerned within the producing and provide off Leather Goods globally.
Global Leather Goods Market Competitive Landscape
Companies such as Adidas AG, Chanel S.A., Tumi Holdings, Inc., Tapestry, Inc., Gianni Versace S.p.A., Dolce&Gabbana S.r.l, Giorgio Armani S.P.A., Hermès International S.A., Kering S.A., Prada S.p.A, Samsonite International S.A., VIP Industries Limited, and Ralph Lauren Corporation Burberry, Giorgio Armani, Gianni Versace, VF Corporation, Richemont, , Mot Hennessy Louis Vuitton (LVMH), Coach, Puma, Herms, Reebok, , Valentino Fashion Group are the key players in manufacturing Leather Goods.
Key Target Audience:
- Market research and consulting firms
- Industry associations
- Raw material suppliers
- Global Leather Goods manufacturers
- Research organizations and consulting companies
- Global Leather Goods suppliers
- Organizations, associations and alliances related to Leather Goods market
- Regulatory bodies
Scope of the Report
By Product Type
- Wallets & Purses
By Distribution Channel
- Retail Stores
In addition, the report provides analysis of the Leather Goods market with respect to the following geographic segments:
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
- Saudi Africa
- Rest of Middle-East
Business Questions answer by the report
- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
- With five additional company detail analysis.
- Additional country analysis.
- Detailed segment analysis.