Leather Luggage and Goods Market by Type (Travel bags, Casual bags, Business bags, Purses, wallets & belts, Handbags, Footwear) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Leather Luggage and Goods Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $94.7 billion by 2020, registering a CAGR of 5% during the period 2015-2020. In 2014, Asia-Pacific generated the highest revenue, followed by Europe and North America. Leather goods held a prominent share in the product type category in 2014, owing to factors such as growing per capita income, increasing tourism rate, and evolving fashion trends.

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Travel bag is expected to be the fastest growing segment in the leather luggage market, registering a CAGR of 6.9% during the forecast period 2015-2020. This growth is attributable to the increasing number of domestic and international trips, by commuters worldwide. Consumers prefer compact and easy-to-handle travel luggage during transit, thus increasing the demand for lightweight and easy maneuvering luggage products.

However, in leather goods segment, handbags are expected to witness the fastest growth, owing to the rise in working women population and the consequently increased economic independency, which has encouraged them to own multiple high-end branded leather handbags, thereby increasing the demand of handbags globally.

The retail stores held a major share in the global leather luggage and goods market in 2014. Renowned companies are establishing new retail outlets in the untapped regions to expand their footprint in the market. For instance, in 2015, Prada opened its first store in Jakarta, Indonesia, which offers leather bags and accessories for both men and women.

Through retail outlets, market players aim to provide a wide assortment of leather products to their consumers under a single roof. The online store segment is anticipated to grow at a rapid rate, registering a CAGR of 26% during the forecast period (2015 - 2020). Exposure to social media, increased convenience and the rising usage of digital devices for the purpose of online shopping, have fostered the growth of online sales platform.

In 2014, Asia-Pacific dominated the global leather luggage and goods market followed by Europe. A rising middle-class segment, along with increase in disposable income of consumers in regions such as India and China, has resulted in growing demand for new and trendy leather products in the Asia-Pacific market.

Expansion and acquisition are the key growth strategies adopted by the market players to establish a strong foothold in the market and expand their customer base. In 2015, Coach, Inc. acquired Stuart Weitzman Holdings LLC, one of the leading manufacturers of women luxury footwear. This acquisition would strengthen the position of Coach, Inc. in the high-end handbags and accessories segment. The key companies profiled in the report include Prada, Samsonite International S.A., Louis Vuitton, Hermes International S.A., Coach, Inc., Kering SA, Delsey S.A., Christian Dior SE, Tumi Holdings, Inc., and VIP Industries Ltd.

LIST OF TABLES

TABLE 1 WORLD LEATHER LUGGAGE AND GOODS MARKET REVENUE, BY TYPE, 2014-2020 ($MILLION)
TABLE 2 WORLD LEATHER LUGGAGE MARKET REVENUE BY TYPE, 2014-2020 ($MILLION)
TABLE 3 WORLD TRAVEL BAG MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 4 WORLD CASUAL BAG MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 5 WORLD BUSINESS BAG MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 6 WORLD LEATHER GOODS MARKET REVENUE, BY TYPE, 2014-2020 ($MILLION)
TABLE 7 WORLD LEATHER PURSES, WALLETS & BELTS MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 8 WORLD LEATHER HANDBAGS MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 9 WORLD LEATHER FOOTWEAR MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 10 WORLD OTHER LEATHER GOODS MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 11 WORLD LEATHER GOODS MARKET, BY END USER, 2014-2020 ($MILLION)
TABLE 12 WORLD MEN LEATHER GOODS MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 13 WORLD WOMEN LEATHER GOODS MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 14 WORLD LEATHER LUGGAGE AND GOODS MARKET REVENUE BY MODE OF SALE, 2014-2020 ($MILLION)
TABLE 15 WORLD ONLINE STORES LEATHER LUGGAGE AND GOODS MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 16 WORLD RETAIL STORES LEATHER LUGGAGE AND GOODS MARKET REVENUE, BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 17 NORTH AMERICA LEATHER LUGGAGE AND GOODS MARKET REVENUE, BY PRODUCT TYPE, 2014-2020 ($MILLION)
TABLE 18 EUROPE LEATHER LUGGAGE AND GOODS MARKET REVENUE, BY PRODUCT TYPE, 2014-2020 ($MILLION)
TABLE 19 ASIA-PACIFIC LEATHER LUGGAGE AND GOODS MARKET REVENUE, BY PRODUCT TYPE, 2014-2020 ($MILLION)
TABLE 20 ASIA-PACIFIC LEATHER LUGGAGE AND GOODS MARKET REVENUE, BY PRODUCT TYPE, 2014-2020 ($MILLION)
TABLE 21 SNAPSHOT OF SAMSONITE INTERNATIONAL S.A.
TABLE 22 SNAPSHOT OF LOUIS VUITTON
TABLE 23 SNAPSHOT OF HERMES INTERNATIONAL S.A.
TABLE 24 SNAPSHOT OF COACH, INC.
TABLE 25 SNAPSHOT OF KERING SA
TABLE 26 SNAPSHOT OF CHRSITIAN DIOR SE
TABLE 27 SNAPSHOT OF DELSEY S.A.
TABLE 28 SNAPSHOT OF TUMI HOLDINGS, INC.
TABLE 29 SNAPSHOT OF VIP INDUSTRIES LIMITED
TABLE 30 SNAPSHOT OF PRADA S.P.A.

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