Leather Goods Market size was valued at US$ 271.21 Bn. in 2020. Footwear, one of the segments reviewed in our report dominated the Global Leather Goods Market.
Leather Goods Market Overview:
This report discusses the market growth drivers and obstacles for the manufacturer, as well as a review of the significant trends in the market's business strategies, procedures, and financially sound and expand approach. Customization is also possible to meet the needs of individual customers, as well as a complete understanding of market potential. The Leather Goods Market provides a comprehensive overview of the market's competitive landscape and main merchants. This report can assist with structural planning in light of current industry conditions.
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Market Scope:
According to the forecast period 2021-2027, the Leather Goods market is expected to grow at a steady rate of xx % between 2021 and 2027. The market is estimated to increase in the forecast period of 2021, as key industry players continue to complete projects.
This report includes a value-based analysis and forecast for the Leather Goods market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Leather Goods Market is included in this report. Leather Goods Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Leather Goods market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Leather Goods Global market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Leather Goods Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Leather Goods Market Segmentation:
By Product, Footwear dominated the Market with a 42 % share in 2020. The presence of major players like Nike, Adidas, etc., and new entrants have also been entering the leather athletic footwear. A wide range of design, sizes, customizations, etc. and growing sneaker trends, etc. are the factors driving the market growth of footwear.
Leather Goods MarketApparel is expected to grow at a CAGR of 7 % through the forecast period. The rise in disposable income and variety of designs and styles availability are the factors expected to drive the market growth through the forecast period.
Home décor is expected to grow at a CAGR of 5.6 % through the forecast period. Increasing expenditure on home furnishing and renovation are the factors driving the growth of the segment in the market.
By Type, The Genuine segment dominated the market with a 57 % share in 2020. Less expensive than genuine leather products and are equally attractive in terms of design are the factors driving the demand for the product. It is manufactured from polyurethane and polyvinyl chloride. Polyurethane is eco-friendly as it does not emit dioxins as compared to vinyl.
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Leather Goods Market Key Players:
• 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 Corp.
• COLLAR Company
• LUCRIN Geneva
• Nappa Dori
• Saddles India Pvt. Ltd.
• Lear Corp
Regional Analysis:
The Leather Goods market is organized into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
COVID-19 Impact Analysis on Leather Goods Market:
The globe has reached the end of the COVID-19 pandemic's recovery phase. In light of the current economic scenario, Maximize Industry Research has launched the Leather Goods Market Status, Trends, and COVID-19 Impact Report 2021, which provides a comprehensive look at the Leather Goods market.
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