Leather Goods Market Overview 2024-2032, Industry Size, Share, Trends and Forecast

The latest report by IMARC Group, titled "𝐋𝐞𝐚𝐭𝐡𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐", The global leather goods market size reached US$ 390.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 598.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. 

Leather goods encompass a wide array of items crafted from the resilient and adaptable material derived from animal hides. These products undergo intricate processes such as tanning, dyeing, and molding to transform the leather into both practical and visually appealing pieces. Among the most commonly recognized leather goods are wallets, belts, handbags, shoes, and jackets. Renowned for their enduring quality, timeless elegance, and the distinctive patina they acquire with age, these items seamlessly blend utility with style, making them sought-after for everyday use as well as special occasions. Moreover, artisans and designers adeptly fashion leather goods to cater to diverse tastes and preferences, contributing to their burgeoning popularity. Consumers increasingly appreciate the superior craftsmanship and longevity inherent in these products, further solidifying their status in the market.

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/leather-goods-market/requestsample

Leather Goods Market Trends and Drivers:

The leather goods market is primarily driven by the growing apparel industry. In addition, the increasing demand for leather to produce clothing items such as jackets, pants, skirts, vests, shoes, boots, sandals, sneakers, belts, wallets, gloves, and hats to add style is influencing the market growth. Moreover, the widespread adoption of leather in the furniture industry in furniture manufacturing to create a luxurious appearance, comfort, and long-lasting quality product represents another major growth-inducing factor. Along with this, the rising product application in the automotive industry for car seats, steering wheel covers, and interior panels enhances the comfort and luxury of automobiles, thus propelling the market growth. It also produces motorcycle jackets, pants, and gloves due to its abrasion resistance and protective qualities. Furthermore, the escalating demand for leather goods to manufacture sports balls, such as soccer balls, basketballs, and baseball gloves, provides the right balance of grip and durability, and gym gloves, weightlifting belts, and jump ropes are creating a positive market growth. 

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

• Footwear
• Military Shoes
• Casual Shoes
• Formal Shoes
• Sports Shoes
• Others

• Leather Products
• Upholstery
• Luggage
• Accessories
• Clothing and Apparel
• Bags, Wallets and Purses
• Others

Breakup by Material:

• Genuine Leather
• Top-grain Leather
• Split-grain Leather
• Synthetic Leather
• PU-Based Leather
• PVC-Based Leather
• Bio-Based Leather

Breakup by Price:

• Premium Products
• Mass Products

Breakup by Distribution Channel:

• Clothing and Sportswear Retailers
• Departmental Stores
• Supermarkets and Hypermarkets
• Online Stores
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.imarcgroup.com/leather-goods-market

Competitive Landscape with Key Player:

• Adidas AG
• American Leather Holdings LLC
• Capri Holdings Limited
• Hermès International S.A.
• Kering S.A.
• LVMH
Prada S.p.A. (Prada Holding S.P.A)
• Puma SE
• Tapestry Inc.
• VIP Industries (Piramal Group)
• Woodland (Aero Group)

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩 :

• https://www.imarcgroup.com/gaming-console-market
• https://www.imarcgroup.com/belts-wallets-market
• https://www.imarcgroup.com/agricultural-biologicals-market
• https://www.imarcgroup.com/all-terrain-vehicle-market
• https://www.imarcgroup.com/crowdfunding-market
• https://www.imarcgroup.com/pressure-washer-market
• https://www.imarcgroup.com/consumer-credit-market
• https://www.imarcgroup.com/military-laser-systems-market

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