United States Leather Goods Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The Global Leather Goods Market is forecast to reach at a high CAGR during the forecast period (2024-2031).

Key Development:

✅ In July 2025: Tapestry Inc., the parent company of Coach and Kate Spade, increased its stake in eco-leather producer Gen Phoenix to 9.9% through a $15 million financing round. This move aligns with Tapestry's goal to produce more sustainable leather goods and appeal to environmentally-conscious Generation Z consumers.

✅ In July 2025: Designer Dana Cohen's brand, Hyer Goods, repurposes high-quality leather off-cuts from luxury brands like Hermès and Chanel. In collaboration with India-based Drishti Lifestyle and Italian family-run factories, Hyer Goods has saved around 7,000 pounds of leather from waste in six years, promoting sustainability in the fashion industry.

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Leather Goods are products made from treated animal hides, including items such as bags, wallets, belts, shoes, and apparel. They combine durability, craftsmanship, and aesthetic appeal, serving both functional and luxury purposes in fashion, accessories, and lifestyle markets.

Recent Mergers and Acquisitions:

United States: Recent Mergers & Acquisitions in Leather Goods

✅ In September 2025: The Ferragamo family reiterated its commitment to maintaining the independence of the Ferragamo brand, dismissing rumors of potential mergers or acquisitions.

✅ In September 2025: VF Corp announced the sale of its Dickies brand to Bluestar Alliance for $600 million. This divestiture allows VF Corp to streamline its portfolio and focus on core brands.

✅ In June 2025: Prada acquired a 10% stake in Rino Mastrotto, a leading Italian leather producer. This strategic move aims to enhance Prada's control over its production processes, including the transfer of two tanneries to Rino Mastrotto.

Japan: Recent Mergers & Acquisitions in Leather Goods

✅ In September 2025: Richemont, the Swiss luxury group, acquired a controlling stake in Italian luxury shoemaker Gianvito Rossi. This acquisition enhances Richemont's portfolio in the luxury footwear sector.

✅ In September 2025: Smythson, a UK-based luxury brand known for its high-end diaries and leather goods, was acquired by private equity firm Oakley Capital. This acquisition aims to revitalize the brand's retail network and expand its presence in key markets.

✅ In March 2025: Chanel acquired a 20% stake in Leo France SpA, a Florence-based company renowned for producing costume jewellery and metal accessories for leading fashion houses. This investment strengthens Chanel's control over its supply chain.

Key Players:

-> Kering, NIKE, Inc., Samsonite International SA, Tapestry Inc., Adidas AG.

Growth Forecast Projected:

The Global Leather Goods Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Leather Goods Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Product Type: Footwear, Apparel, Accessories, Home Décor & Furnishing, Others
➥ By Material Type: Synthetic, Genuine, Vegan
➥ By Distribution Channel: Retail Store, E-Commerce

Regional Analysis for Leather Goods Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Leather Goods producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Leather Goods revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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