By [2024], Luggage Leather Goods Market 2017: New Research Report Predicts Promising Growth, Opportunities, Industry Analysis and Future Projections

Innovatively designed Luggage Leather Goods Market will remain in great demand as tourists from all parts of the world will prefer travelling in style. Soaring demand for trendy suitcases and hand bags will also be instrumented by higher durability of leather goods and luggage. A latest report published by Persistence Market Research projects that during the 2017-2024 forecast period, the global market for luggage & leather goods will reach US$ 300 Bn value. The report further estimates that the market, which is presently valued a little over US$ 100 Bn, will soar steadily at a CAGR of 5.3%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 - https://www.persistencemarketresearch.com/samples/3402

𝐊𝐞𝐲 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐢𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐥𝐮𝐠𝐠𝐚𝐠𝐞 & 𝐥𝐞𝐚𝐭𝐡𝐞𝐫 𝐠𝐨𝐨𝐝𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐡𝐢𝐜𝐡 𝐟𝐨𝐥𝐥𝐨𝐰:

Growing preference to vegetable-tanned leather is influencing the global consumption of leather luggage. Manufacturers of such goods are labelling their products according to such popular consumer preferences.
Flourishing tourism industry is directly boosting the global sales of luggage & leather goods, with favors pouring in from both domestic and international tourism.
However, the demand for luggage & leather goods is also expected to witness restrain from surging adoption of substitute materials. The demand for leather luggage products is expected to lose traction, gradually, to polyester, nylon, rexine, and other equally-durable synthetic materials.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.persistencemarketresearch.com/request-customization/3402

Rising demand for lightweight bags, organic leather products and affordable luggage goods is also expected to favor the growth of global market for luggage & leather goods. Over nine out of every ten luggage goods sold in the world will continue to be leather goods. The report predicts that by the end of 2024, the world will have witnessed sales of US$ 100 Bn worth of leather goods. Among which, footwear and leather accessories are anticipated to be top-selling leather products.

Key findings in the report also exhibit that North America and Europe will collectively dominate the global market for luggage & leather goods. Nevertheless, these regions are likely to showcase value CAGRs below 5%. Contrary to this, Latin America's luggage & leather goods market is projected to soar at 5.3% CAGR. Asia-Pacific region, on the other hand, will witness fastest revenue growth at 5.8% CAGR.

𝐅𝐨𝐫 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐛𝐮𝐲 𝐧𝐨𝐰 - https://www.persistencemarketresearch.com/checkout/3402

The report has also profiled globally-prominent manufacturers of luggage & leather goods, which include, Knoll, Inc., Samsonite International SA, Hermes International SA, American Leather, Inc., Aero Leather Clothing Ltd., Timberland, Woodland, Johnston & Murphy, LVMH Moët Hennessy Louis Vuitton SE, and VIP Industries Ltd.

𝐀𝐛𝐨𝐮𝐭 𝐏𝐞𝐫𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com

This release was published on openPR.