Leather Luggage and Goods Market Expected to Reach $94.7 billion | By Top Leading Companies 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

Leather Luggage and Goods Market is expected to garner $94.7 billion by 2020, registering a CAGR of 5% during the forecast period 2015-2020. Leather luggage comprises products such as trolley bags and suitcases used for carrying personal belongings, whereas products such as purses, wallets & belts, footwear, handbags, and others are included in the leather goods segment. Factors such as growing disposable income, increasing domestic and international travel, and improving living standards foster the growth of the leather luggage and goods market. Global market players continuously launch latest and stylish leather goods according to the changing demand of consumers.

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Evolving fashion trends across the globe, has encouraged market players to launch innovative and trendy products to cater to the demands of consumers and maintain a loyal customer base. Moreover, consumers also prefer leather goods and luggage which are compact yet stylish. Changing fashion trends have resulted in expansion of men’s accessories including leather bracelets, neckpieces, and gloves. Thus, changing fashion trends would strengthen the growth of the market in coming years.

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.

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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 FIGURES

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES
FIG. 3 TOP INVESTMENT POCKETS
FIG. 4 VALUE CHAIN ANALYSIS
FIG. 5 PORTERS FIVE FORCES MODEL
FIG. 6 MARKET SHARE ANALYSIS, 2014
FIG. 7 GDP GROWTH IN MAJOR COUNTRIES, 2015
FIG. 8 INTERNATIONAL TOURIST ARRIVAL PER REGION, 2014
FIG. 9 PERCENTAGE GROWTH PER REGION, 2014
FIG. 10 PERCENTAGE OF LEATHER SHOE PRODUCTION ACROSS VARIOUS COUNTRIES, 2012
FIG. 11 LEATHER BELT MARKET SHARE IN INDIA BELT MARKET (%)
FIG. 12 REVENUE OF SAMSONITE INTERNATIONAL S.A., 20122014 ($MILLION)
FIG. 13 REVENUE OF SAMSONITE INTERNATIONAL S.A, BY BRANDS (%), 2014
FIG. 14 REVENUE OF SAMSONITE INTERNATIONAL S.A, BY REGION (%), 2014
FIG. 15 REVENUE OF SAMSONITE INTERNATIONAL S.A, BY PRODUCT (%), 2014
FIG. 16 SWOT ANALYSIS OF SAMSONITE INTERNATIONAL S.A.
FIG. 17 REVENUE OF LOUIS VUITTON, 20122014 ($MILLION)
FIG. 18 REVENUE OF LOUIS VUITTON, BY BUSINESS SEGMENTS (%), 2014
FIG. 19 REVENUE OF LOUIS VUITTON, BY REGION (%), 2014
FIG. 20 SWOT ANALYSIS OF LOUIS VUITTON
FIG. 21 REVENUE OF HERMES INTERNATIONAL S.A., 20122014 ($MILLION)
FIG. 22 REVENUE OF HERMES INTERNATIONAL S.A., BY BUSINESS SEGMENT (%), 2014
FIG. 23 REVENUE OF HERMES INTERNATIONAL S.A., BY REGION (%), 2014
FIG. 24 SWOT ANALYSIS OF HERMES INTERNATIONAL
FIG. 25 REVENUE OF COACH, INC., 2013-2015 ($MILLION)
FIG. 26 REVENUE OF COACH, INC., BY REGION (%), 2015
FIG. 27 SWOT ANALYSIS OF COACH, INC.
FIG. 28 REVENUE OF KERING SA, 2012-2014 ($MILLION)
FIG. 29 REVENUE OF KERING SA, BY BUSINESS SEGMENT (%), 2014
FIG. 30 REVENUE OF KERING SA, BY REGION (%), 2014
FIG. 31 SWOT ANALYSIS OF KERING SA
FIG. 32 REVENUE OF CHRISTIAN DIOR SE, 2013-2015 ($MILLION)
FIG. 33 REVENUE OF CHRISTIAN DIOR SE, BY REGION (%), 2015
FIG. 34 REVENUE OF CHRISTIAN DIOR SE, BY BUSINESS GROUP (%), 2015
FIG. 35 SWOT ANALYSIS OF CHRISTAN DIOR SE
FIG. 36 SWOT ANALYSIS OF DELSEY S.A.
FIG. 37 REVENUE OF TUMI HOLDING, INC., 2012-2014 ($MILLION)
FIG. 38 REVENUE OF TUMI HOLDINGS, INC., BY SEGMENT (%), 2014
FIG. 39 REVENUE OF TUMI HOLDING, INC., BY REGION, (%) 2014
FIG. 40 SWOT ANALYSIS OF TUMI HOLDINGS, INC.
FIG. 41 REVENUE OF VIP INDUSTRIES LIMITED, 2013-2015 ($MILLION)
FIG. 42 REVENUE OF VIP INDUSTRIES LIMITED, BY REGION, (%) 2014
FIG. 43 SWOT ANALYSIS OF VIP INDUSTRIES LIMITED
FIG. 44 REVENUE OF PRADA S.P.A., 20122014 ($MILLION)
FIG. 45 REVENUE OF PRADA S.P.A., BY REGION (%), 2014
FIG. 46 REVENUE OF PRADA S.P.A., BY BRAND (%), 2014
FIG. 47 REVENUE OF PRADA S.P.A. BY DISTRIBUTION CHANNEL (%), 2014
FIG. 48 REVENUE OF PRADA S.P.A. BY PRODUCT LINE (%), 2014
FIG. 49 SWOT ANALYSIS OF PRADA S.P.A

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