PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628145
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628145
Leather Goods Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Leather Goods Market was valued at USD 261.5 billion in 2023 and is projected to expand at a CAGR of 6.3% from 2024 to 2032. The market growth is largely attributed to the increasing demand for luxury items. Consumers are shifting their preferences toward premium leather products such as handbags, wallets, belts, and footwear. This trend is driven by rising disposable incomes in emerging markets and the desire to own status-symbol products that reflect wealth and sophistication. Leather goods are increasingly seen as fashionable and valuable investments, contributing to their widespread appeal.
Technological advancements in leather processing have also significantly impacted the market. Innovations in tanning, dyeing, and finishing techniques have led to the creation of higher-quality, durable, and more versatile leather materials. These advancements not only improve the aesthetic appeal of leather products but also address environmental concerns associated with traditional leather production methods. Enhanced techniques are helping manufacturers meet the growing consumer demand for eco-friendly, customizable leather goods, further propelling market growth.
In terms of product segmentation, footwear dominates the leather goods market. In 2023, this segment accounted for approximately USD 120.98 billion in revenue and is anticipated to grow at a CAGR of around 6.6% through 2032. The popularity of leather footwear is attributed to its versatility, catering to a wide range of needs from formal and casual wear to sports and outdoor activities. Its durability and premium feel position it as a preferred choice for consumers seeking functionality and style. Additionally, shifting fashion trends and the rising athleisure market have increased the demand for leather sneakers and casual footwear, particularly among younger demographics.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $261.5 Billion |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2023
Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion) (Million Units)
Chapter 6 Market Estimates & Forecast, By Leather Type, 2021-2032 (USD Billion) (Million Units)
Chapter 7 Market Estimates & Forecast, By Price Range, 2021-2032 (USD Billion) (Million Units)
Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Million Units)
Chapter 9 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)
Chapter 10 Company Profiles
