AT a CAGR 5.1%, Luggage Leather Goods Market is expected to  reach over USD 300 Bn by 2030

In Luggage Leather Goods Market By the end of 2017, the leather goods product type category is forecast to have a value of over US$ 200 billion, and by the end of 2024, it is anticipated to have a value of over US$ 300 billion, growing at a CAGR of 5.1%. Between 2016 and 2024, it is predicted that this market would give an additional potential worth more than $100 billion dollars.

The most significant sub-category of the leather goods industry, footwear, is projected to have a value of more than US$ 120 Bn in 2017 and to grow at a CAGR of 5.4% over the forecast period. Over the projection period, the Leather Accessories sub-segment is anticipated to grow at a CAGR of 5.3%.

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The key reason for an expanding market for leather goods is an increase in innovation in leather goods with new features and designs. The fire-retardant, dust-proof and durable properties of leather are what are causing the leather goods market to expand. Another aspect driving the leather goods segment's revenue growth is rising per capita spending. Consumer expenditure on opulent goods is projected to rise as urbanisation and per capita income both rise.

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Companies Covered in This Report - (Luggage Leather Goods Market)

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
Hermes International SA

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Key Segments Covered : (Luggage Leather Goods Market)

Luggage 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 : Duffel Bags, Suitcases and Briefcases, Backpacks, Totes and Hand Luggage, Others
Luggage Leather Goods Market By Sales Channel : General Retailers, Single Brand Stores, Specialty and Multi-brand stores, Unorganized Small Stores, Online Stores, Others
Luggage Leather Goods Market By Region : North America, Europe, APAC, Latin America, Middle East & Africa

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