Leather Luggage and Goods Market Next Big Thing | Major Giants- Prada S.p.A, Kering SA, Tom Ford SA
The Prominent/Emerging Players in the Leather Luggage and Goods Market includes: Prada S.p.A (Italy), Kering SA (France), Tom Ford SA (United States), Chanel Limited (France), Yves Saint Laurent SAS (France), LVMH MoÃ«t Hennessy Louis Vuitton (France), Hermes International S.A. (France), Coach, Inc. (United States), Delsey S.A. (France), Christian Dior SE (France),
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For a long time, leather in different ways has been a big export earner. The growth of leather manufacturing and the development of leather products, especially garments, has been phenomenal in recent years. Such expansion has been aided by advancements in fashion design, pattern formation, and fabrication processes, which have resulted from increased demand from foreign countries. Floor managers and shopfloor staff are required to learn different fabrication processes and keep up with industry advancements in order to manufacture high-quality leather products. With factors such as emergence of smart leather and growing fashion awareness among the millennial generation the market for leather luggage and goods is set to flourish.
Leather Luggage and Goods Market Segmentation:
by Type (Travel Bags, Purses, Wallets & Belts Accessories, Footwear Accessories, Leather Bracelets, Gloves), Application (Male, Female), Category (Branded Piece, Copied Piece), Distribution Channel (Online Stores, Retail Stores, Others)
Innovation in Leather Technology
Rising Disposable Income
Growing Fashion Awareness
Emergence of Plant Induced Vegan Leather
Increasing Adoption of Influencer Fashion
Free Trade Agreements
Availability of Affordable Leather Goods
Presence of Counterfeit Goods
Customs and Excise Formalities
Market Leaders and their expansionary development strategies:
On 6th June, 2018 - Curated Lifestyle Collection Company Acquires T. Anthony (Leading Leather Goods Manufacturer), this Acquisition will Add to Harrys of London and Richard James Subsidiaries with Soft Leather Accessories for Men, Women's Handbags Product Expertise. and On 7th January, 2021 - LVMH Moët Hennessy Louis Vuitton Completed its Acquisition of Tiffany & Co. (Leading Luxury Goods Manufacturer), This renowned US jeweler's Takeover Would Profoundly Change LVMH's Watches & Jewelry Division and Complement LVMH's 75 Distinguished Maisons.
On 27th November, 2019 - High On Leather Announced Its New Premium Collection to Challenge Big Brands in Leather Bag Industry. This New Range of Premium Bags are Durable Luggage Bags Made from Cowhide Leather, Initially Available for Indian Markets. and On 15th March, 2021 - Hermes Announced the Launch of Innovative Mushroom Leather Bag, the Bags are New Version of Its Famous "Victoria" Bag which uses Vegan Leather Alternative Made with Mushrooms. This Travel Bag Will Mark Hermès' Debut into Vegan Leather Alternatives.
India, Harmonized System (HS) Code 4203 "Harmonized System (HS) Code" - The Code Describes Travel Goods (Trunks, Suit Cases, Luggage Bags, Sports Bags, etc.) Made of Leather are to be levied 15% Basic Duty, 18% IGST and 10& Social Welfare Surge Charge as Import Duty.
Global Leather Luggage and Goods Market, Regional Analysis: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
The report offers valuable insights into the impact of key players on the market, including their size, industry overview, and product offerings. To evaluate the expansion of these players, the report examines their recent advancements in the field. Covering all major geographical regions and sub-regions worldwide, the report specifically focuses on the market size, market shares, and competitive landscape of the Leather Luggage and Goods industry, as well as sales and growth opportunities within these regions. Additionally, the report analyzes the upstream and downstream activities of market players, including their production and distribution channels, as well as product cost analysis. The report highlights critical information and factual data regarding market drivers, limitations, opportunities, trends, and future prospects.
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The following is a breakdown of the major topics covered in this document, presented in a Table of Contents format.
1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2023-2028
1.2.1. Leather Luggage and Goods Market, by Type, 2023-2028
1.2.2. Leather Luggage and Goods Market, by Application, 2023-2028
1.2.3. Leather Luggage and Goods Market, by Region, 2023-2028
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
2. Global Leather Luggage and Goods Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
3. Global Leather Luggage and Goods Market Dynamics
3.1. Leather Luggage and Goods Market Impact Analysis (2023-2028)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
4. Global Leather Luggage and Goods Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
5. Competitive Intelligence….
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