Apparel And Leather Products Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Louis Vuitton Moet Hennessy - LVMH, Christian Dior SE, Adidas AG, H&M Hennes & Mauritz AB, Kering SA

"The new report published by The Business Research Company, titled ""Apparel And Leather Products Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the apparel and leather products market size has grown strongly in recent years. It will grow from $1045.45 billion in 2023 to $1127.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The apparel and leather products market size is expected to see strong growth in the next few years. It will grow to $1511.52 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.

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Increased Footwear Demand Fuels Expansion Of The Apparel And Leather Market
The rising demand for footwear is expected to propel the growth of the apparel and leather markets going forward. Footwear encompasses items designed to be worn on the feet, including shoes, boots, and various outer coverings for the human foot. Leather is a favored material in the footwear sector because of its enduring quality, comfort, and fashionable appeal. For instance, in September 2021, the United States International Trade Commission, a US-based independent, nonpartisan, quasi-judicial federal agency, the United States saw a surge in footwear imports, reaching a total value of $27.2 billion. This marked a significant growth of $6.5 billion, or a 31.4% increase compared to the 2020. Therefore, the rising demand for footwear will drive apparel and leather market growth.

Innovative Products Such As Adidas' Stan Smith Mylo Drive Profitability In The Apparel And Leather Market
Major companies operating in the apparel and leather markets are innovating new products, such as Stan Smith Mylo, to increase their profitability in the market. The Stan Smith Mylo is a concept shoe from Adidas that is made using a new mushroom-based material called Mylo. For instance, in April 2021, Adidas AG, a Germany-based apparel company, launched a new line of sneakers made from mushroom leather as a part of their sustainability efforts. The Mylo sneaker is part of Adidas' broader sustainability goals, which include reducing plastic waste.

The apparel and leather products market covered in this report is segmented -

1) By Type: Leather And Allied Products, Apparel
2) By Distribution Channel: Online Sales, Offline Sales
3) By End User Sex: Men, Women, Kids

Subsegments Covered: Leather Footwear, Non-Leather Footwear, Leather Luggage, Hand Bags And Other Goods, Non-Leather Luggage, Hand Bags And Other Goods, Leather Tanning, Womens Wear, Mens Wear, Kids Wear

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Major companies operating in the apparel and leather products market report are Louis Vuitton Moet Hennessy - LVMH, Christian Dior SE, Adidas AG, H&M Hennes & Mauritz AB, Kering SA, Nike Inc., VF Corporation, Hermès International S.A., Puma SE, Coach Inc., Ralph Lauren Corporation, Levi Strauss & Co., New Balance Athletics Inc., Fila Holding S.p.A., Michael Kors Holdings Limited, Burberry Group plc, Calvin Klein Inc., Tommy Hilfiger Licensing LLC, Giorgio Armani S.p.A., Valentino Fashion Group S.p.A., Kate Spade & Company, Knoll Inc., The Timberland Company LLC, Versace S.p.A., Rajesh Exports Limited, Johnston & Murphy Inc., Hobbs plc, Givenchy S.A.S., Noisy May ApS, Woodland Worldwide Brands Limited, The Gap Inc.

Contents of the report:
1. Executive Summary
2. Apparel And Leather Products Market Report Structure
3. Apparel And Leather Products Market Trends And Strategies
4. Apparel And Leather Products Market - Macro Economic Scenario
5. Apparel And Leather Products Market Size And Growth
…..
27. Apparel And Leather Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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