U.S. Bovine Leather Goods Market Expected to Reach $14,480 Million, Globally, By Top Key Players: Horween Leather Company, Circa of America, llc, Rancourt & Co. Shoecrafters, Russell Moccasin Co., Caleres, Inc. (Allen Edmonds Corporation), Hermes Internat

Bovine leather goods are the major contributors of the overall U.S leather goods market. Nearly 65% of the leather products sold in the U.S are made from bovine leather owing to its properties of durability, luster and wide availability. The market is anticipated to exhibit a notable growth, driven by the increasing income levels of the consumers, rising number of female professionals and marketing initiatives of the companies operating in the market. Medium leather goods would continue to be a potential segment for the players to invest in.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2287?utm_source=OPR

U.S. Bovine Leather Goods Market by Type, and End User: Opportunity Analysis and Industry Forecast, 2017-2023, the U.S. bovine leather goods market was valued at $10,931 million in 2016, and is expected to reach $14,480 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023. The medium leather goods segment is anticipated to dominate the market throughout the analysis period.

Bovine leather is widely used in the fashion and automotive industries due to its strength, durability, and comfort. It regulates temperature, retains warmth in cold weather conditions, and provides cooling through ventilation in hot conditions. It is considered as one of the heaviest leathers, which makes it durable and provides a pebble grain appearance.

The U.S. bovine leather goods market is driven by the growing preference for durable, stylish, and high quality leather products, owing to increasing disposable income and improving lifestyle of the populace. Moreover, changing fashion trends, increasing female working population, and growing domestic & international tourism are boosting the market growth.

The medium leather goods segment comprising leather shoes, handbags, shoulder bags and other cases is projected to be the major revenue contributor in the U.S. bovine leather goods market. The segment constitutes over 40% of the U.S bovine leather goods market revenue. Leather shoes category is anticipated to be the largest revenue generator in the medium leather goods market in 2016, constituting around 44% of the medium leather goods market size. Small/fancy leather goods have been gaining huge traction among the U.S. population, owing to the increasing demand for leather accessories such as wallets, purse, belts, and others. Within the heavy leather goods market, upholstery held the largest market share in 2016 owing to its widespread application among commercial as well as residential sector.

Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/2287?utm_source=OPR

By usage, market is segmented into general goods, footwear, automotive, and others. The general goods segment is expected to grow faster than other segments, registering a CAGR of 4.5% from 2017 to 2023.

The key market players profiled in the report are Horween Leather Company, Circa of America, llc, Rancourt & Co. Shoecrafters, Russell Moccasin Co., Caleres, Inc. (Allen Edmonds Corporation), Hermes International S.A., Jack Georges, American Saddlery Inc., Garrett Leather Corp, and Tanner Goods Inc.

Analyst Review:

Bovine leather goods constitute about 65% of leather goods industry in the U.S. The market would continue to witness a stable growth in the coming years driven by the increasing cattle population and rising disposable income of the populace. As per United States Department of Agriculture (U.S.D.A.) statistics, the cattle population in U.S. has grown from 88 million heads in 2014 to 93.5 million heads in 2017, registering a growth of 6.5%. This is due to supportive government initiatives in U.S., and high awareness regarding nourishment and caretaking of cattle.

However, high prices of leather products and availability of counterfeit products are expected to impact the growth of the U.S. bovine leather goods market.

Medium leather goods (handbags, leather shoes, shoulder bags, and others) constitute a significant portion of the U.S. bovine leather goods revenue. Increase in disposable income and the rising number of female working professionals are the major drivers of medium bovine leather goods market growth.

Global players are developing new patterns and multipurpose bovine leather goods that complement the wearer’s attire. They are targeting the growing working women segment, who are economically independent and have the capability to purchase premium quality handbags and wallets among other similar products and accessories. For instance, in 2015, Dior launched its new Fall-Winter 2015 handbag collection, which is available on the brand’s website and in Dior’s boutique. With this new collection, Dior aims to offer exotic and quality products to its customers. Further, the marketing initiatives under by the key market players such as celebrity endorsements, also help generate consumer’s attention and inclination towards branded leather products, in turn driving the sales of these products.

Access Full Summery @ https://www.alliedmarketresearch.com/us-bovine-leather-goods-market?utm_source=OPR

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.