Leather Goods Market Size, Trends and Insights By Product Type (Footwear, Accessorises, Luggage and Purses, Apparels, Others), By Distribution Channel (Hypermarket, Supermarket, Convivence stores, Online stores, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Adidas AG
- Nike Inc.
- Puma SE
- Fila Inc.
- New Balance Athletics Inc.
- Knoll Inc.
- Samsonite International S.A.
- Others
Reports Description
Global Leather Goods Market was valued at USD 282.7 Billion in 2024 and is expected to reach USD 552.9 Billion by 2033, at a CAGR of 6.74% from 2024 to 2033.
The leather goods market refers to the industry encompassing all products made from animal hides, typically cowhide but also including other animals. This includes familiar items like footwear, luggage, and wallets, but also extends to apparel, belts, and even some furniture.
The market is currently experiencing steady growth, driven by factors like rising disposable income and a growing taste for luxury goods. Consumers are increasingly seeking comfortable, stylish, and long-lasting leather products, and with a growing focus on brand awareness, the market is expected to keep expanding in the coming years.
Leather Goods Market: Growth Factors
Increasing Disposable Income and Consumer Spending
One of the primary drivers for the global leather goods market is the rising disposable income and consumer spending across various regions. As economies grow and personal incomes rise, consumers have more purchasing power, leading to increased spending on luxury and premium leather goods.
For example, in emerging markets like China and India, rising middle-class populations with higher disposable incomes have fueled demand for leather products. According to the World Bank, global GDP growth averaged around 3.8% from 2017 to 2021, reflecting overall economic expansion and improved consumer purchasing power.
Fashion Trends and Design Innovation
Another significant driver is the evolving fashion landscape and continuous design innovation in leather goods. The fashion industry plays a crucial role in shaping consumer preferences for leather products, such as handbags, wallets, footwear, and accessories. Collaborations between luxury brands and designers, along with the introduction of new styles and materials, attract fashion-conscious consumers.
The adoption of sustainable practices and the use of eco-friendly materials in leather production further contribute to market growth. According to the International Trade Centre, the value of global leather handbag exports rose by 4% annually from 2017 to 2021, showcasing sustained demand driven by fashion trends.
Leather Goods Market: Restraints
Environmental Concerns and Sustainability Challenges
The leather goods industry faces growing scrutiny due to environmental concerns associated with leather production processes. Issues such as deforestation for cattle farming, water pollution from tanning chemicals, and greenhouse gas emissions contribute to negative perceptions among environmentally conscious consumers.
As a result, stricter regulations and consumer demand for sustainable alternatives pose challenges to traditional leather goods manufacturers. For instance, according to the Food and Agriculture Organization (FAO), global cattle inventories increased by 3% from 2017 to 2021, highlighting concerns over resource-intensive farming practices.
Competition from Synthetic Alternatives
The market for leather goods faces competition from synthetic alternatives, such as faux leather and other vegan materials. Technological advancements have led to the development of high-quality synthetic substitutes that mimic the look and feel of genuine leather. These alternatives appeal to consumers seeking cruelty-free and sustainable products.
Moreover, synthetic materials often come at a lower cost, making them attractive in price-sensitive markets. The Synthetic Leather Market Report by Transparency Market Research estimated a compound annual growth rate (CAGR) of 4.5% for synthetic leather from 2017 to 2021, underscoring the competitive landscape within the leather goods sector.
Leather Goods Market: Opportunities
Rising Demand for Luxury Leather Goods in Asia-Pacific
The Asia-Pacific region presents significant growth opportunities for luxury leather goods. Increasing affluence and changing consumer lifestyles in countries like China, Japan, and South Korea have fueled demand for high-end leather products.
Luxury brands are expanding their presence in these markets by opening flagship stores and implementing targeted marketing strategies. According to the Asian Development Bank, Asia-Pacific economies collectively grew by 5.5% annually from 2017 to 2021, signaling a robust market for premium leather goods.
E-commerce Growth and Digital Transformation
The rapid growth of e-commerce platforms presents a favorable landscape for leather goods manufacturers. The shift towards online shopping has expanded the reach of brands beyond traditional retail channels. E-commerce enables direct-to-consumer sales, facilitates international expansion, and offers personalized shopping experiences.
As consumers increasingly prefer the convenience of online shopping, leather goods companies can leverage digital platforms to showcase their products and engage with a broader audience. Data from the United Nations Conference on Trade and Development (UNCTAD) reveals that global e-commerce sales surged by 15% annually from 2017 to 2021, highlighting the immense potential for leather goods sellers in the digital space.
Leather Goods Market: Segmentation Analysis
Global Leather Goods market is segmented by Product type and Distribution channel.
Based on product type, the Global Leather goods market is segmented into Footwear, Accessories, Luggage and Purses, apparel, and Others. Among all these segments Footwear held the highest market share in 2023 due to its universal demand across various demographics and regions.
It includes shoes, boots, sandals, and other types of footwear. Accessories such as belts, wallets, handbags, and small leather goods are witnessing significant growth due to fashion trends, increasing disposable income, and the desire for luxury items that are more affordable compared to larger leather goods like luggage.
Based on the Distribution Channel, the Global Leathers Goods market is segmented into Hypermarket, Supermarket, Convenience stores, Online stores, and Others. Among All these segments Online stores held the highest market share in 2023. Online retail has experienced exponential growth globally, including for leather goods.
The convenience, wide product selection, and often competitive pricing of online stores make them a preferred choice for consumers. While online stores are leading, hypermarkets (large retail stores offering a wide variety of products) are likely the fastest growing physical distribution channel for leather goods.
Hypermarkets offer a one-stop shopping experience, which is appealing to consumers looking for leather goods along with other products.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 282.7 Billion |
| Projected Market Size in 2033 | USD 552.9 Billion |
| Market Size in 2023 | USD 265.3 Billion |
| CAGR Growth Rate | 6.74% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Distribution Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Leather Goods Market: Regional Analysis
Asia Pacific emerges as the leading region in the global leather goods market due to several reasons. Firstly, this region encompasses key manufacturing hubs like China, India, and Bangladesh, which are major producers of leather goods.
The abundant availability of raw materials, skilled labor, and relatively lower production costs compared to other regions contribute significantly to the dominance of Asia Pacific in this market. Moreover, countries in this region are experiencing rapid urbanization and rising disposable incomes, leading to increased demand for luxury and fashion products, including leather goods.
The presence of established global brands as well as a growing number of domestic players further boosts the market in Asia Pacific.
The Middle East Africa region is identified as the fastest-growing market for leather goods. This growth can be attributed to changing consumer preferences, evolving fashion trends, and increasing purchasing power in countries across this region.
In recent years, there has been a notable rise in demand for premium and luxury leather goods among the growing middle-class population in countries like the UAE, Saudi Arabia, and South Africa. Moreover, tourism plays a pivotal role in driving sales of leather goods, with the region witnessing a surge in international visitors, particularly in cities known for luxury shopping.
The adoption of e-commerce platforms and the expansion of retail infrastructure are also facilitating market growth by making leather goods more accessible to a wider consumer base.
Several factors contribute to the rapid growth of the Middle East Africa region in the leather goods market. One key factor is the increasing trend towards premiumization and the preference for high-quality, luxury leather goods among consumers.
As disposable incomes rise and consumer awareness about global fashion brands increases, demand for premium leather products like handbags, wallets, and accessories grows substantially. Additionally, the region’s strategic location as a global travel and business hub attracts a diverse population with diverse tastes and preferences, further driving the demand for a wide range of leather products.
In summary, while Asia Pacific leads the global leather goods market due to its robust manufacturing capabilities and growing consumer base, the Middle East Africa region emerges as the fastest-growing market driven by changing consumer preferences, rising disposable incomes, and increasing tourism.
Both regions offer significant opportunities for manufacturers and retailers of leather goods, highlighting the importance of understanding regional dynamics and market trends to capitalize on growth prospects effectively.
Leather Goods Market: Recent Developments
- In March 2024, Italian luxury fashion house Prada announced a partnership with the consortium Mylovene™ to develop and utilize Mylo™ material, a sustainable alternative to leather derived from mycelium (fungus roots). This move reflects the growing consumer demand for eco-friendly practices within the luxury leather goods market.
- In February 2024, LVMH, the world’s leading luxury goods group, announced a significant investment in its online retail platform. This includes upgrading its e-commerce infrastructure and expanding its digital marketing efforts. This highlights the increasing importance of online channels for reaching customers in the global leather goods market.
- In April 2024, British luxury brand Mulberry opened its first flagship store in mainland China, reflecting a growing trend of luxury brands adopting a direct-to-consumer approach in the promising Chinese market. This strategy allows for greater control over brand image and customer experience.
- In March 2024, Specialty chemicals company Evonik announced advancements in its lab-grown leather technology. Their approach utilizes collagen, a major component of animal leather, produced through fermentation. This development has the potential to disrupt the traditional leather industry and cater to the growing demand for sustainable alternatives.
- In January 2024, The RealReal, a leading online marketplace for pre-owned luxury goods, reported a surge in demand for second-hand leather items. This trend indicates a growing consumer interest in sustainability and affordability within the leather goods market.
List of the prominent players in the Leather Goods Market:
- Adidas AG
- Nike Inc.
- Puma SE
- Fila Inc.
- New Balance Athletics Inc.
- Knoll Inc.
- Samsonite International S.A.
- VIP Industries Ltd.
- Timberland LLC
- Johnston & Murphy
- Woodland Worldwide
- Hermès International S.A.
- Louis Vuitton Malletier
- VF Corporation
- COLLAR Company
- LUCRIN Geneva
- Nappa Dori
- Saddles India Pvt. Ltd.
- Lear Corp.
- Others
These key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Leather Goods Market is segmented as follows:
By Product type
- Footwear
- Accessories
- Luggage and Purses
- Apparels
- Others
By Type
- Genuine Leather
- Synthetic Leather
- Vegan Leather
By Distribution Channel
- Hypermarket
- Supermarket
- Convivence stores
- Online stores
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Leather Goods Market, (2024 – 2033) (USD Billion)
- 2.2 Global Leather Goods Market: snapshot
- Chapter 3. Global Leather Goods Market – Industry Analysis
- 3.1 Leather Goods Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing Disposable Income and Consumer Spending
- 3.2.2 Fashion Trends and Design Innovation
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Distribution Channel
- Chapter 4. Global Leather Goods Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Leather Goods Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Leather Goods Market – Product Type Analysis
- 5.1 Global Leather Goods Market Overview: By Product Type
- 5.1.1 Global Leather Goods Market Share, By Product Type, 2023 and 2033
- 5.2 Footwear
- 5.2.1 Global Leather Goods Market by Footwear, 2024 – 2033 (USD Billion)
- 5.3 Accessorises
- 5.3.1 Global Leather Goods Market by Accessorises, 2024 – 2033 (USD Billion)
- 5.4 Luggage and Purses
- 5.4.1 Global Leather Goods Market by Luggage and Purses, 2024 – 2033 (USD Billion)
- 5.5 Apparels
- 5.5.1 Global Leather Goods Market by Apparels, 2024 – 2033 (USD Billion)
- 5.6 Others
- 5.6.1 Global Leather Goods Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Leather Goods Market Overview: By Product Type
- Chapter 6. Global Leather Goods Market – Distribution Channel Analysis
- 6.1 Global Leather Goods Market Overview: By Distribution Channel
- 6.1.1 Global Leather Goods Market Share, By Distribution Channel, 2023 and 2033
- 6.2 Hypermarket
- 6.2.1 Global Leather Goods Market by Hypermarket, 2024 – 2033 (USD Billion)
- 6.3 Supermarket
- 6.3.1 Global Leather Goods Market by Supermarket, 2024 – 2033 (USD Billion)
- 6.4 Convivence stores
- 6.4.1 Global Leather Goods Market by Convivence stores, 2024 – 2033 (USD Billion)
- 6.5 Online stores
- 6.5.1 Global Leather Goods Market by Online Stores, 2024 – 2033 (USD Billion)
- 6.6 Others
- 6.6.1 Global Leather Goods Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Leather Goods Market Overview: By Distribution Channel
- Chapter 7. Leather Goods Market – Regional Analysis
- 7.1 Global Leather Goods Market Regional Overview
- 7.2 Global Leather Goods Market Share, by Region, 2023 & 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Leather Goods Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.4 North America Leather Goods Market, by Product Type, 2024 – 2033
- 7.4.1 North America Leather Goods Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.5 North America Leather Goods Market, by Distribution Channel, 2024 – 2033
- 7.5.1 North America Leather Goods Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Leather Goods Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Leather Goods Market, by Product Type, 2024 – 2033
- 7.7.1 Europe Leather Goods Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.8 Europe Leather Goods Market, by Distribution Channel, 2024 – 2033
- 7.8.1 Europe Leather Goods Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Leather Goods Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Leather Goods Market, by Product Type, 2024 – 2033
- 7.10.1 Asia Pacific Leather Goods Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Leather Goods Market, by Distribution Channel, 2024 – 2033
- 7.11.1 Asia Pacific Leather Goods Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Leather Goods Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Leather Goods Market, by Product Type, 2024 – 2033
- 7.13.1 Latin America Leather Goods Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.14 Latin America Leather Goods Market, by Distribution Channel, 2024 – 2033
- 7.14.1 Latin America Leather Goods Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Leather Goods Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Leather Goods Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Leather Goods Market, by Product Type, 2024 – 2033
- 7.16.1 The Middle-East and Africa Leather Goods Market, by Product Type, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Leather Goods Market, by Distribution Channel, 2024 – 2033
- 7.17.1 The Middle-East and Africa Leather Goods Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Adidas AG
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Nike Inc.
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Puma SE
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Fila Inc.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 New Balance Athletics Inc.
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Knoll Inc.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Samsonite International S.A.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 VIP Industries Ltd.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Timberland LLC
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Johnston & Murphy
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Woodland Worldwide
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Hermès International S.A.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Louis Vuitton Malletier
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 VF Corporation
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 COLLAR Company
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 LUCRIN Geneva
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Nappa Dori
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Saddles India Pvt. Ltd.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Lear Corp.
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Others.
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.1 Adidas AG
List Of Figures
Figures No 1 to 24
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Adidas AG
- Nike Inc.
- Puma SE
- Fila Inc.
- New Balance Athletics Inc.
- Knoll Inc.
- Samsonite International S.A.
- VIP Industries Ltd.
- Timberland LLC
- Johnston & Murphy
- Woodland Worldwide
- Hermès International S.A.
- Louis Vuitton Malletier
- VF Corporation
- COLLAR Company
- LUCRIN Geneva
- Nappa Dori
- Saddles India Pvt. Ltd.
- Lear Corp.
- Others
FAQs
The Competition from Synthetic Alternatives is major restraint in global Leather Goods market.
The Fashion Trends and Design Innovation is major driver in global Leather Goods market.
The “Footwear” category dominated the market in 2023.
The key players in the market are Adidas AG, Nike Inc., Puma SE, Fila Inc., New Balance Athletics Inc., Knoll Inc., Samsonite International S.A., VIP Industries Ltd., Timberland LLC, Johnston & Murphy, Woodland Worldwide, Hermès International S.A., Louis Vuitton Malletier, VF Corporation, COLLAR Company, LUCRIN Geneva, Nappa Dori, Saddles India Pvt. Ltd., Lear Corp., Others.
“Asia Pacific” had the largest share in the Leather Goods Market.
The global market is projected to grow at a CAGR of 6.74% during the forecast period, 2024-2033.
The Leather Goods Market size was valued at USD 282.7 Billion in 2024.