Leather Goods Market 2023 Report Predictions by Global Industry Trends, Future Growth, Regional Overview and Forecast To 2032
The global leather goods market size is expected to grow from $350.77 billion in 2022 to $377.80 billion in 2023 at a compound annual growth rate (CAGR) of 7.70%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global leather goods market size is expected to reach $496.37 billion in 2027 at a CAGR of 7.06%.
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Leather Goods Market Drivers:
The increasing demand for premium and high-quality luxury leather products is expected to propel the growth of the leather goods market going forward. Luxury leather products are special-quality leather items that are made from high-quality leather and characterized by their luxurious, smooth surface, and they have few flaws. Customers are drawn to expensive luxury goods because they represent their wealth, reputation, and social status. As a result, they are willing to pay higher prices and spend a lot of time indulging in self-indulgence when purchasing these luxury goods, such as leather.
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Leather Goods Market Segments:
1) By Leather Type: Full Grain Leather, Split Grain Leather, Genuine Leather, Faux Leather, Bonded Leather
2) By Product: Footwear, Handbags, Apparel, Luggage, Wallet, Belts, Other Products
3) By Grade: High-Grade, Mid-Grade
4) By Distribution Channel: Specialty Stores, Company Franchised Stores, E-Commerce, Supermarkets And Hypermarkets, Other Distribution Channels
5) By End- User: Men, Women, Kids
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Leather Goods market.
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Leather Goods Market Key Players:
Major players in the leather goods market are Kering SA, Adidas AG, Hermes International S.A., Louis Vuitton SE, Samsonite IP Holdings S.AR.L., New Balance Athletics Inc., Knoll Inc., Timberland LLC, Johnston And Murphy, Woodland, PRADA Spa, Hermès International SCA, VIP Industries Ltd., VF Corp., COLLAR Company, LUCRIN Geneva, Nappa Dori and Saddles India Pvt. Ltd.
The Business Research Company's "Global Leather Goods Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Leather Goods Market Include:
1. Executive Summary
2. Leather Goods Market Characteristics
3. Leather Goods Market Trends And Strategies
4. Leather Goods Market - Macro Economic Scenario
5. Leather Goods Market Size And Growth
27. Leather Goods Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Leather Goods Market
29. Leather Goods Market Future Outlook and Potential Analysis
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