PUBLISHER: The Business Research Company | PRODUCT CODE: 1680366
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680366
Leather and allied products encompass a category of items that undergo the process of transforming hides into leather through curing or tanning, followed by the creation of finished goods. Leather, derived from animal skin, undergoes tanning processes that include hair removal, resulting in a smooth and flexible material. Within this market, products such as rubber footwear, textile luggage, and plastic purses or wallets serve as examples of leather substitutes.
The primary types of leather and allied products include leather footwear, non-leather footwear, leather luggage, handbags, and other goods, non-leather luggage, handbags, and other goods, as well as leather tanning. A handbag, a small bag used for carrying personal belongings, is a notable example. Different types of leather, such as top-grain leather, split leather, patent leather, and bonded leather, find applications in various industries such as automotive, furniture, and consumer goods. Distribution channels for these products include both online and offline stores.
The leather and allied products market research report is one of a series of new reports from The Business Research Company that provides leather and allied products market statistics, including leather and allied products industry global market size, regional shares, competitors with a leather and allied products market share, detailed leather and allied products market segments, market trends and opportunities, and any further data you may need to thrive in the leather and allied products industry. This leather and allied products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The leather and allied products market size has grown strongly in recent years. It will grow from $398.39 billion in 2024 to $432.16 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increased disposable income and living standards, rise in foreign direct investments, strong economic growth in emerging markets and technology developments.
The leather and allied products market size is expected to see strong growth in the next few years. It will grow to $582.37 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing demand for online shopping, the growing domestic and international tourism, increasing penetration of social media, rise in motorcycle sales and growing demand for sportswear and performance wear. Major trends in the forecast period include launching of different types of leather such as vegan leather, dritan leather, strategic partnerships and investments.
The leather and allied products market is poised for growth, driven by the increasing demand for online shopping. Manufacturers now have access to a broader platform, expanding their customer base geographically and contributing to the market's growth. In countries such as India, e-commerce portals have played a crucial role in boosting sales by providing greater exposure to producers who were previously confined to specific regions.
The increasing demand for footwear is fueling the growth of the leather and allied products market. Footwear includes items specifically designed for wearing on the feet, such as shoes, boots, and other types of foot coverings. Leather is extensively utilized in the footwear industry due to its durability, comfort, and aesthetic appeal. The growing need for leather footwear, along with its widespread acceptance and the rising desire for stylish, attractive, and comfortable options, is contributing to this trend. For example, in July 2024, Gitnux, a US-based non-governmental organization, reported that the footwear market was at 2.8% in 2023 and is projected to grow by 3.5% in 2024. Consequently, the surging demand for footwear is expected to drive the expansion of the leather and allied products market.
The integration of wearable technology into leather products is another driver for the market, thanks to technological advancements in wireless technologies. Leading fashion designers are collaborating with technology firms to create trendy wearables and luxury products. Ralph Lauren's 'Ricky Smart Bag' is an example, made from premium leather and designed to allow users to charge their phones by lifting one of the flaps, activating an internal light.
Major companies in the leather and allied products market are increasingly focusing on technologies like AEROREADY to improve comfort, durability, and performance in their offerings, addressing the demands of consumers looking for functional and high-quality products. AEROREADY is a moisture-wicking technology developed by Adidas, aimed at keeping individuals dry and comfortable during physical activities. For example, in August 2024, Adidas AG, a Germany-based apparel company, launched the FW24 New York Tennis Collection. This collection leverages insights from motion capture technology to inform its design, capturing digital images of athletes in motion to identify heat-generating areas that require targeted ventilation. The designs incorporate strategic material placements and cut-outs that align with the body's natural contours, enhancing flexibility and range of motion during play.
Major companies operating in the leather and allied products market include LVMH Moet Hennessy Louis Vuitton, Kering SA, Hermes International S.A., Nike Inc, Adidas AG, VHSP Pty Ltd, Rimowa Cz Spol. S R. O, Changge Yixing Leather Co Ltd, Tapestry, Inc., Australia Pty Ltd, ASICS Corporation, Zdzblo Galanteria Skorzana Sp. z oo sp. k., Elena Pieles Argentinas Srl, Chemcrown Exports Limited, Joshua Pitt Pty Ltd, Eagle Ottawa China Ltd., A V Thomas Leather and Allied Products Limited, Bowron G.L., Christian Dior SE, Acknit Industries Limited, Bhartiya International Limited, Australian Leather Holdings Ltd, Jiangsu Maydiang Leather Goods Co Ltd, Giovanni RawHides, Kowro Bags, Nilpel L.L.C, Pangea Made Gmbh, Prada S.p. A, Walfertan Processors Pty Ltd, Zatchels, Buenos Aires Holding LLC, Zoela SA, Platypus Manufacturers Pty Ltd, Complete Leather Goods Afifi for Trading, J.Y.S. Enterprise Inc, Romed SRL, Slightly Alabama, Puma SE, Saudi Leather Industries Company SLIC, Xingye Leather Technology Co Ltd, Lotuff Leather, Packer Leather Pty Ltd, Onerom Impex SRL, San Javier caprinos S.R.L, Norpol Sp. z o.o., G.H. Michell & Sons Pty Ltd, Mercatto Group Company, The Yellow Bear Company, VKP LT OOO, Jacksons Tannery Pty Ltd, Golden Down Ltd, Datong Ltd, Anhui Anli Material Technology Co Ltd, Frank Clegg Leathergoods, American Leather Co, Monapetpee nig ltd, Murgon Leather Company Pty Ltd, Noah Waxman, KOZHA AO, Sharlene Ltd, Capri Holdings Limited, Corter Leather, Aleen And Ammar Trading Est., Cooperativa Dos Produtores De Avestruz Da Bahia, Skechers USA, Inc., Heller-Leder GmbH & Co. KG, AlOthmanFashion, Mtms Leather Shoes
Asia-Pacific was the largest region in the leather and allied products market in 2024. Western Europe was the second largest region in the leather and allied products market. The regions covered in the leather and allied products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the leather and allied products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The leather and allied products market consists of sales of full-grain leather, top-grain leather, genuine leather, bonded leather, gloves, handbags, and watches. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Leather And Allied Products Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on leather and allied products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for leather and allied products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The leather and allied products market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.