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LATEST NEWS: Luggage and Leather Goods Market is taking Foot Back due to COVID-19! Is it? Check Out with Analysis of Leading Player in Globe
Luggage and Leather Goods Market
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Drivers
Increasing demand for leather products due to its durable nature is expected to boost the market growth of luggage and leather goods. According to the Council for Leather Exports, the export of footwear, leather and leather products from India reached a value of US$ 5.69 billion during 2018-19. India is the second-largest producer of footwear in the world, producing about 2.41 billion pairs (2017). This is expected to fuel market growth.
The growing production of leather products is projected to foster market growth over the forecast period. According to the Colourlock, in 2017 Mexico (28%), China and Italy (14%), Austria (8%) a Germany, South Korea, South Africa and the United Kingdom (4%) produced the highest share of finished leather items. Therefore, the rising production of leather products is projected to accelerate the market growth.
Key features of the study:
This report provides in-depth analysis of the global luggage and leather goods market, market size (US$ Million and Thousand Tons), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019–2027).
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, luggage and leather goods products, regional outlook, and competitive strategy adopted by the leading players.
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Market Taxonomy:
Global Luggage and Leather Goods Market, By Product Type:
Leather Goods
Footwear
Clothing and Apparel
Clutches and Wallets
Upholstery (Furniture and Automotive)
Leather Accessories
Others
Luggage
Rolling Luggage
Duffle Bags
Suitcases and Briefcases
Backpacks
Totes and Hand-luggage
Others
Global Luggage and Leather Goods Market, By Sales Channel:
General Retailers
Single Brand Stores
Specialty and Multi-brand stores
Unorganized small stores
Online
Others
Market Trends
The growing manufacturer is focusing on producing men accessories such as leather bracelets, neckpieces, gloves, and man purses are expected to foster the market growth of luggage and leather goods. Evolving fashion trends around the globe are promoting the market players to introduced innovative, stylish, compact, and trendy products for men as well as women. Evolving fashion is projected to augment market growth.
Competitive Section:
Key players operating in the global luggage and leather goods market are Knoll, Inc., American Leather, Inc., Aero Leather Clothing Ltd., Samsonite International S.A., VIP Industries Ltd., LVMH Moët Hennessy Louis Vuitton SE, Timberland, Johnston & Murphy, Woodland, and Hermes International SA
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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