Global Leather Goods Market to Reach USD 392.39 Billion by 2030, Driven by Luxury Demand and Fashion Trends - Mordor Intelligence

According to Mordor Intelligence, the leather goods market is projected to grow from USD 317.91 billion in 2025 to USD 392.39 billion by 2030, registering a CAGR of 4.3% during the forecast period. This growth is attributed to the rising demand for high-quality, stylish, and durable products across the fashion and accessories industries. The durability and premium appeal of leather continue to attract global consumers, while increasing government support in manufacturing nations is boosting industry capacity and exports.

The fashion industry, in particular, is influencing market dynamics with its frequent inclusion of leather goods in runway shows and consumer campaigns. The popularity of leather jackets, handbags, shoes, belts, and accessories is growing among both men and women, with emerging trends like compact leather luggage and men's leather jewelry gaining traction.

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Key Trends Shaping the Market

Luxury Demand Rising with Disposable Income Growth

The growing appetite for luxury leather goods is one of the strongest drivers of market expansion. As consumer spending power rises globally-particularly in North America, Europe, and parts of Asia-so does the inclination toward high-end fashion products. Luxury leather handbags, shoes, and accessories serve as status symbols and are now being designed with greater personalization.

For example, Aman Essentials launched a luxury leather collection in August 2022, featuring handcrafted products like passport holders, wallets, and handbags made from calf, lamb, and goat leather. This showcases the industry's move toward exclusive, artisanal craftsmanship.

Brands are also innovating by expanding product lines to appeal to fashion-conscious male consumers, with accessories such as leather bracelets and gloves growing in popularity. Moreover, the rise of affordable luxury brands and customization options-such as 1 Atelier's customizable handbags-indicates the market's shift toward personalized premium offerings.

Europe Leads Global Demand for Leather Goods

Europe is the largest consumer of leather goods globally, driven by a strong presence of both domestic and international brands, high fashion consciousness, and a robust online shopping infrastructure. Countries like France and Italy, renowned for fashion and leather craftsmanship, continue to influence global trends.

The region's importance is also reflected in trade statistics. In 2021, France imported leather goods worth approximately USD 5.22 billion, up from USD 4.2 billion in the previous year (UN Comtrade). Additionally, the EU exported leather goods worth USD 31.9 billion in 2021 (International Trade Centre). Many of these goods are produced by small- and medium-sized, family-run businesses specializing in high-quality calfskins and artisanal tanning processes.

Growing interest in travel and lifestyle experiences is also driving demand for premium leather luggage and travel accessories in the region.

Market Segmentation

The leather goods market can be segmented by product type, distribution channel, and geography. Each segment reflects evolving consumer preferences and the presence of both luxury and mass-market offerings.

By Product Type:

- Footwear: Includes formal shoes, casual shoes, boots, and sandals.
- Luggage and Accessories: Includes suitcases, handbags, wallets, belts, and small leather goods.
- Clothing and Apparel: Includes jackets, pants, gloves, and other fashion wear.
- Other Items: Includes leather upholstery and decorative items.

By Distribution Channel:

- Offline Retail Stores: Department stores, exclusive brand outlets, and specialty stores.
- Online Retail: E-commerce platforms offering a broad range of leather goods across price points and styles.

By Geography:

- Europe: The dominant market, especially France, Italy, Germany, and the UK.
- North America: High demand for luxury goods, especially in the United States.
- Asia-Pacific: Rapid growth driven by increasing disposable income and urbanization in China, India, and Japan.
- Latin America and Middle East & Africa: Emerging interest in luxury and locally produced leather products.

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Key Players in the Leather Goods Market

The global leather goods market is highly competitive, with a mix of well-established multinational corporations and numerous smaller players in the unorganized sector. Major players operate across diverse segments-from sportswear and fashion to travel accessories.

Some of the leading companies in the market include:

- Kering SA: Known for luxury brands like Gucci and Bottega Veneta, Kering has a strong portfolio in premium leather handbags and fashion accessories.
- Samsonite IP Holdings S.ÀR.L.: Specializing in high-quality travel bags and luggage, Samsonite is a global leader in durable leather and synthetic travel gear.
- Tapestry, Inc.: The parent company of Coach and Kate Spade, Tapestry focuses on both premium and affordable luxury leather goods.
- Adidas AG: While mainly a sportswear brand, Adidas includes a line of leather footwear and accessories in its product offerings.
- Hermès International S.A.: Synonymous with exclusivity, Hermès produces some of the world's most sought-after leather handbags and accessories, such as the Birkin and Kelly bags.

These companies are continuously investing in new product development, retail expansion, and brand positioning to enhance their market presence. Expansion strategies include entering new regional markets and boosting direct-to-consumer sales through digital platforms.

Conclusion

The leather goods market is poised for steady growth, driven by a mix of consumer demand for stylish, durable products and ongoing fashion trends that continue to highlight leather as a material of choice. While luxury brands dominate the high end of the market, affordable luxury options and customized designs are expanding access to new consumer segments.

With Europe leading in both production and consumption, and emerging markets like Asia-Pacific showing accelerated growth, the global market is set for a dynamic period. As fashion trends continue to evolve and digital retail gains ground, brands that balance heritage craftsmanship with modern design and accessibility are likely to thrive.

The leather goods market's ability to blend functionality with aesthetic value, and its role in lifestyle and identity expression, ensures its relevance well into the next decade.

Industry Related Reports

MEA Leather Goods Market - The Report Covers Middle East & Africa Leather Goods Market Analysis & Industry Statistics, and it is Segmented by Type (Footwear, Luggage and Accessories) and Distribution Channel (Offline Retail Stores and Online Retail Stores)

Get More Insights: https://www.mordorintelligence.com/industry-reports/middle-east-and-africa-leather-goods-market?utm_source=openpr

Europe Leather Goods Market - The Report Covers Europe Leather Goods Companies, and the market is segmented by Type (Footwear, Luggage, and Accessories); Distribution Channel (Offline Retail Stores, and Online Retail Stores); and Geography (United Kingdom, Germany, Spain, France, Italy, Russia, and the Rest of Europe). The Market Size and Values Are Provided in Terms of Value (USD Million) for All the Above Segments.

Get More Insights: https://www.mordorintelligence.com/industry-reports/europe-leather-goods-market?utm_source=openpr

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