Luxury Leather Goods Market Size, Share & Trends Analysis Report By Product, By Distribution Channel (Exclusive Brand Outlets, Specialty Stores, Online, Airports, Others), By Region, And Segment Forecasts, 2024

Description

Luxury Leather Goods Market Growth & Trends:

The global luxury leather goods market size is expected to reach USD 140.55 billion by 2030, expanding at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Rising demand for luxury products among consumers to showcase their status, increasing disposable income and purchasing power of consumers, and rise in the number of brand obsessed people are driving the market.

Rising fashion consciousness among men, along with women, is attracting various brands to expand their product portfolio in the men's segment. Apart from the traditional luxury brand, recent affordable luxury brands are also gaining importance in the market. Various startups have come up with customized lavish products as per the demand of consumers. For instance, 1Atelier allows customers to customize the color and hardware of their leather hand bags. The strong brand recognition, along with high unit price, is driving the sales of these products in the market.

Asia Pacific has been witnessing rapid growth over the past few years on account of increasing buying pattern of lavish goods. India, China, and Japan are some of the leading markets in Asia Pacific, responsible for triggering the market growth in this region. China is one of the biggest markets for luxury leather products. As per the survey, a lot of Chinese people who travel to overseas countries save on food and hotels but spend on purchasing lavish products. Moreover, the luxury consumers of China are younger than the world average, thereby making it one of the largest markets for luxury leather products in the world.

Based on product, the market is divided into footwear, bags, accessories, and others. The leather shoes are popular among both the genders for its status symbol and demand in formal outfit. It is not only used in casual dresses but also for formal attire. Luxury footwear are more of a fashion statement and footwear shoppers spend more and buy more frequently as compared to other leather products, thereby driving the segment.

Luxury Leather Goods Market Report Highlights:

By product, small leather accessories is anticipated to grow at a CAGR of 5.8% over the forecast period
The handbags & purses dominated the market and accounted for a share of 33.3% in 2023
U.S., Germany, U.K., China, Japan, and Turkey are the major countries with the largest market in their respective regions.

Product Code: GVR-3-68038-165-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Luxury Leather Goods Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Luxury Leather Goods Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Luxury Leather Goods Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Luxury Leather Goods Market: Product Movement Analysis, 2023 & 2030 (USD Million)
4.3. Luggage (Travel Bags & Backpacks)
- 4.3.1. Luggage (Travel Bags & Backpacks) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Handbags & Purses
- 4.4.1. Handbags & Purses Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Footwear
- 4.5.1. Footwear Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Apparel
- 4.6.1. Apparel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.7. Small Leather Accessories
- 4.7.1. Small Leather Accessories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.8. Others
- 4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Luxury Leather Goods Market: Distribution Channel Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Luxury Leather Goods Market: Distribution Channel Movement Analysis, 2023 & 2030 (USD Million)
5.3. Exclusive Brand Outlets
- 5.3.1. Exclusive Brand Outlets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Specialty Stores
- 5.4.1. Specialty Stores Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Online
- 5.5.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Airports
- 5.6.1. Airports Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Luxury Leather Goods Market: Regional Estimates & Trend Analysis

6.1. Luxury Leather Goods Market Share, By Region, 2023 & 2030 (USD Million)
6.2. North America
- 6.2.1. North America Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
  - 6.2.3.1. Canada Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3. Europe
- 6.3.1. Europe Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. U.K.
  - 6.3.2.1. U.K. Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
  - 6.3.3.1. Germany Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
  - 6.3.4.1. France Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5. Italy
  - 6.3.5.1. Italy Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6. Spain
  - 6.3.6.1. Spain Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
  - 6.4.2.1. China Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Japan
  - 6.4.3.1. Japan Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. India
  - 6.4.4.1. India Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
  - 6.4.5.1. South Korea Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. Australia & New Zealand
  - 6.4.6.1. Australia & New Zealand Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Central & South America
- 6.5.1. Latin America Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
  - 6.6.2.1. Saudi Arabia Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. UAE
  - 6.6.3.1. UAE Luxury Leather Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. Louis Vuitton Malletier SAS
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Guccio Gucci S.p.A.
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Guccio Gucci S.p.A.
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Prada S.p.A.
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Chanel S.A.
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Burberry Group plc
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Tapestry, Inc.
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Michel Kors Holding Limited
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Salvatore Ferragamo S.p.A.
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Fedi S.r.I.
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/ Strategic Initiatives

Luxury Leather Goods Market Size, Share & Trends Analysis Report By Product, By Distribution Channel (Exclusive Brand Outlets, Specialty Stores, Online, Airports, Others), By Region, And Segment Forecasts, 2024 - 2030