PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472113
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472113
Global Leather Goods Market is valued approximately at USD 242.85 billion in 2022 and is anticipated to grow with a growth rate of more than 6.6% over the forecast period 2023-2030. Leather goods refer to products made from leather, which is a durable and flexible material created by tanning animal rawhide and skins. Leather goods are known for their quality, longevity, and aesthetic appeal. They can be crafted into a wide range of products, including - Apparels, Handbags, Small Leather Goods and More. Growing disposable income, higher living standards, evolving fashion trends, and an increase in both domestic and foreign travel are the main factors driving the market. The market for leather goods is anticipated to benefit from expanding brand awareness and the growing desire for stylish, comfortable, and expensive leather clothing, accessories, and footwear.
Fashion shows and events acts as a platform for designers all around the world to present their latest creations, which draws more customers to leather clothes.. For example, the Forever Leather Fashion show took place in Shanghai, China, in September 2020. A wide selection of leather goods was on display at the show, such as travel bags, duffel bags, ankle boots, leather sneakers, and cross-stitched trench coats. These events bring many leather customers, producers, and designers from many provinces together. For Instance: Adidas AG announced the release of their new line of vegan leather Stan Smith trainers in April 2021. These shoes were made with a substance derived from mushrooms. In order to meet the market's growing demand for sustainable products, the company's broader sustainability aims include this new unveiling as a key component. However, the Stringent regulations against the production and use of natural leather stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Leather Goods Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2022, Asia Pacific dominated the global market and is also expected to grow with fastest CAGR during the forecast period. The growing demand for high-end and luxury goods is propelling the Asia Pacific regional market, which is led by nations such as China and India. Asia's main suppliers of basic leather, or raw material, are Bangladesh and Pakistan.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable