Leather Goods Market Industry Trends 2026 By Top vendors LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès International S.A., Dolce & Gabbana Luxembourg S.à.r.l., Overseas Leather Goods Company Pvt Ltd, Tata International Ltd, Chanel

Leather is made from hides and skin of the animals such as cattle, sheep, dogs, pigs, and others by the process of tanning or by impregnation preserving the natural structure of the hide. Increasing supply of the raw material depends on the increasing demand for meat, is driving growth of leather goods market. According to United States, Food and Agriculture Organization, the meat consumption in 2015 was 41.3 kg per capita in world, which is expected to increase up to 45.3 kg per capita by 2030. Furthermore, the leather is one of the most traded commodities in the world and plays an important role in the growing economy of the world. According to Council for Leather Exports (CLE), U.S. holds first position in import of leather products and accounted for 14.25% in 2016, which increases up to 15.36% in 2017.

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Some of the key players operating in the global leather goods market include

LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès International S.A., Dolce & Gabbana Luxembourg S.à.r.l., Overseas Leather Goods Company Pvt Ltd, Tata International Ltd, Chanel International B.V., Prada S.p.A, Ralph Lauren Corporation, and others.

Market Dynamics

Asia Pacific is projected to hold the dominant position in global leather goods market, followed by North America and Europe over the forecast period. There are various institutional support offered to the leather industry, which is expected to fuel the growth of leather goods market. For instance, Leather Industry Association of Botswana, represents hide and skin and manufacturers of leather products collaborated with the government in order to review legislation, policy strategies and guidelines to improve the quality, and leather products manufacturing plants.

Europe region is projected to witness significant growth in leather goods market in terms of revenue over the forecast period. The tanneries in Europe is highly competitive sector in the global leather market and the tanning industry in Europe is one of the largest supplier of the leather in 2015, according to European Union. Also, Europe accounted for one third of the world’s leather goods market, as it is one of the largest traded region in world, Italy accounted for 18% of global leather exports in 2016, according to CBI Ministry of Foreign Affairs. Furthermore, fashion industry is one of the most creative and vibrant sector in Europe. Various players in leather goods market increased their sales revenue in fashion and leather goods industry, driving the market growth. For example, LVMH, one of the key player based in Paris, engaged in fashion and leather goods business group witness sales of US$ 15.93 bn in 2016 and increased up to US$ 19.291 bn in 2017.

The leather goods market was valued at US$ 220.71 billion in 2016 and is expected to expand at a CAGR of 5.02%, in terms of revenue, over the forecast period (2017 – 2025).

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Detailed Segmentation:

Global Leather goods Market, By Product Type:
Footwear
Luggage
Wallets & Purses
Apparel
Others

Global Leather goods Market, By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Online Stores
Others

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This release was published on openPR.