Press release
Leather And Allied Products Market 2024 - Outlook, Overview And Competitor Analysis 2033
Leather And Allied Products Market
The Business Research Company presents an extensive market research report on the Leather And Allied Products Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The leather and allied products market size has grown strongly in recent years. It will grow from $389.75 billion in 2023 to $424.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increased disposable income and living standards, rise in foreign direct investments, strong economic growth in emerging markets and technology developments.
The leather and allied products market size is expected to see strong growth in the next few years. It will grow to $592.82 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing demand for online shopping, the growing domestic and international tourism, increasing penetration of social media, rise in motorcycle sales and growing demand for sportswear and performance wear. Major trends in the forecast period include launching of different types of leather such as vegan leather, dritan leather, strategic partnerships and investments.
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Key Market Players:
Major companies operating in the laboratory automation systems market report are Abbott Laboratories, Danaher Corporation, Thermo Fisher Scientific, Agilent Technologies, Inc., Tecan Group Ltd., PerkinElmer, Inc., F. Hoffmann-La Roche AG, QIAGEN N.V., Becton Dickinson and Company, Siemens AG, Brooks Automation, Inc., Hamilton Company, Eppendorf Ag, Biotek Instruments, Inc., Bee Robotics Ltd, Gilson Inc., Labware, Artificial, Intersystems, Biomerieux, Cerner Corporation, LTS Health, Omnia Health, Sysmex, Formulatrix, Beckman Coulter, Festo ZA
Market Drivers:
Increasing demand for online shopping is expected to drive the leather and allied products market. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the leather and allied products market. In countries such as India, for instance, e-commerce portals have boosted the sales of these products by giving larger exposure to producers who were confined to one geography.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/leather-and-allied-products-global-market-report
The leather and allied products market covered in this report is segmented -
1) By Type: Leather Footwear, Non-Leather Footwear, Leather Luggage, Hand Bags and Other Goods, Non-Leather Luggage, Hand Bags and Other Goods, Leather Tanning
2) By Leather Type: Full- Grain Leather, Top-Grain Leather, Split Leather, Bonded Leather
3) By Distribution Channel: Online, Offline
4) By Application: Automotive, Furniture, Consumer Goods
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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