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E-Commerce Surge Fuels Growth In Leather And Allied Products Market : Strategic Insights Driving Leather And Allied Products Market Momentum in 2025
Leather And Allied Products
How Large Will the Leather And Allied Products Market Size By 2025?
The leather and allied products market has seen strong growth in recent years. It is projected to rise from $390.75 billion in 2024 to $418.18 billion in 2025, with a CAGR of 7.0%. Past growth was supported by higher disposable incomes, rising FDI, economic expansion in emerging nations, and technological advances.
How Big Is the Leather And Allied Products Market Size Expected to Grow by 2029?
Anticipating robust growth in the immediate future, the market size for leather and allied products is predicted to escalate to $561.81 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.7%. This surge during the forecast period is many thanks to numerous factors such as the increasing trend of online shopping, the growth of domestic and global tourism, the rising influence of social media, a hike in motorcycle sales, and the expanding demand for sportswear and performance wear. The period under projection is also expected to witness a few key trends, including the introduction of varied types of leather like vegan leather and dritan leather, and strategic partnerships and investments.
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Which Key Market Drivers Powering Leather And Allied Products Market Expansion and Growth?
The rise in online shopping is anticipated to fuel the growth of the leather and allied products market. The advent of online platforms allows manufacturers to reach a wider customer base, providing a significant boost to the leather and allied products market. In countries like India, e-commerce platforms have significantly enhanced the sales of these goods by offering producers, previously restricted to a single location, greater visibility and exposure.
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Which Fast-Growing Trends Are Poised to Disrupt the Leather And Allied Products Market?
Breakthroughs in wireless technologies have provided leather goods producers the ability to incorporate wearable tech into their merchandise. Prominent fashion creators are teaming up with tech companies to create stylish wearables and high-end items, as the market widely embraces the idea. For example, Ralph Lauren launched the 'Ricky Smart Bag', manufactured from high-quality leather, that allows users to power up their phone by simply lifting one of the field flaps, triggering an internal light.
What Are the Emerging Segments in the Leather And Allied Products Market?
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
Subsegments:
1) By Leather Footwear: Formal Leather Shoes, Casual Leather Shoes, Leather Boots And Sandals
2) By Non-Leather Footwear: Synthetic Shoes, Canvas Shoes, Rubber Footwear
3) By Leather Luggage, Hand Bags, And Other Goods: Leather Bags, Leather Wallets And Accessories, Leather Belts And Straps
4) By Leather Luggage: Suitcases, Travel Bags, Duffel Bags, Garment Bags, Laptop Bags
5) By Hand Bags and Other Goods: Tote Bags, Crossbody Bags, Clutches and Evening Bags, Wallets and Purses, Backpacks
6) By Non-Leather Luggage: Soft-Sided Luggage, Hard-Shell Luggage, Travel Duffel Bags, Wheeled Luggage, Garment Bags
7) By Hand Bags and Other Goods: Canvas Tote Bags, Synthetic Crossbody Bags, Polyester Clutches, Fabric Backpacks, Non-Leather Wallets and Purses
8) By Leather Tanning: Vegetable Tanning, Chrome Tanning, Synthetic Tanning Processes
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Who Are the Global Leaders in the Leather And Allied Products Market?
Major companies operating in the leather and allied products market include LVMH Moët Hennessy Louis Vuitton, Kering SA, Hermès International S.A., Nike Inc, Adidas AG, VHSP Pty Ltd, Rimowa Cz Spol. S R. O, Changge Yixing Leather Co Ltd, Tapestry, Inc., Australia Pty Ltd, ASICS Corporation, Zdzblo Galanteria Skorzana Sp. z oo sp. k., Elena Pieles Argentinas Srl, Chemcrown Exports Limited, Joshua Pitt Pty Ltd, Eagle Ottawa China Ltd., A V Thomas Leather and Allied Products Limited, Bowron G.L., Christian Dior SE, Acknit Industries Limited, Bhartiya International Limited, Australian Leather Holdings Ltd, Jiangsu Maydiang Leather Goods Co Ltd, Giovanni RawHides, Kowro Bags, Nilpel L.L.C, Pangea Made Gmbh, Prada S.p. A, Walfertan Processors Pty Ltd, Zatchels, Buenos Aires Holding LLC, Zoela SA, Platypus Manufacturers Pty Ltd, Complete Leather Goods Afifi for Trading, J.Y.S. Enterprise Inc, Romed SRL, Slightly Alabama, Puma SE, Saudi Leather Industries Company SLIC, Xingye Leather Technology Co Ltd, Lotuff Leather, Packer Leather Pty Ltd, Onerom Impex SRL, San Javier caprinos S.R.L, Norpol Sp. z o.o., G.H. Michell & Sons Pty Ltd, Mercatto Group Company, The Yellow Bear Company, VKP LT OOO, Jacksons Tannery Pty Ltd, Golden Down Ltd, Datong Ltd, Anhui Anli Material Technology Co Ltd, Frank Clegg Leathergoods, American Leather Co, Monapetpee nig ltd, Murgon Leather Company Pty Ltd, Noah Waxman, KOZHA AO, Sharlene Ltd, Capri Holdings Limited, Corter Leather, Aleen And Ammar Trading Est., Cooperativa Dos Produtores De Avestruz Da Bahia, Skechers USA, Inc., Heller-Leder GmbH & Co. KG, AlOthmanFashion, Mtms Leather Shoes
Which are the Top Profitable Regional Markets for the Leather And Allied Products Industry?
Asia-Pacific was the largest region in the leather and allied products market in 2024. Western Europe was the second largest region in the leather and allied products market. The regions covered in the leather and allied products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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