Enjoy complimentary customisation on priority with our Enterprise License!
The leather tanning machinery market size is forecast to increase by USD 16,251.74 at a CAGR of 3.52% between 2023 and 2028. The growth rate of the market depends on several factors such as the durability of leather products translating into product value for customers, the rising trend of sustainable and eco-friendly leather production, and the expanding furniture and automotive industries.
The report includes a comprehensive outlook on the Leather Tanning Machinery Market, offering forecasts for the industry segmented by Type, which comprises light leather tanning machinery and heavy leather tanning machinery. Additionally, it categorizes Application into footwear, leather goods, automotive, garments, and others, and covers Regions, including North America, Europe, APAC, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD for each of the mentioned segments.
Leather Tanning Machinery Market Forecast 2024-2028
To learn more about this report, Request Free Sample
One of the key factors that customers seek in a product is durability, which, along with strength, is an important characteristic of leather. In the fashion industry, the improvements in leather-processing technology, manufacturing capabilities, and productivity, without compromising on durability, form, stability, and comfort, have helped maintain the demand for leather handbags.
Furthermore, the growing demand for luxury products also drives the market for leather goods, which in turn accelerates the demand for machinery. Brand positioning plays an important role in the market. High-end players have positioned their products such that they can sell their products only based on their brand image. Therefore, such products will drive the growth of the market during the forecast period.
With the limited supply and high demand for luxury leather handbags, the prices of these products continue to surge. However, considering the difference in buying power and customer preferences, market players are launching affordable luxury products. For instance, Gucci, a brand by Kering, has aligned its offerings with different urban classes.
Moreover, as most customers are conscious of price, the manufacturer is focused on introducing affordable luxury products. Furthermore, with the price being much lower than that of imported products, manufacturers gain a cost advantage. Therefore, the growing preference for affordable luxury leather handbags will foster the growth of the global market during the forecast period.
The leather industries in certain countries face strict government regulations. The leather industry in Europe, particularly in Germany, is highly regulated by various government bodies and associations. The players operating in the tanning industry need to follow various regulations for the production of leather, waste disposal, use of chemicals, environmental protection, and recycling. Waste reduction and environment protection measures cost almost 5% of the total operating cost for manufacturers.
Moreover, stringent government regulations in the leather industry negatively impact the manufacturers as well as the suppliers of products. The Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) organization has restricted the use of various chemicals in the tanning process. Such regulations and restrictions increase the costs borne by vendors and hinder production processes. Therefore, such factors will hinder the growth of the global market during the forecast period.
The light machinery segment will account for a major share of the market's growth during the forecast period. Light machinery is used for the preparation of light-colored leather from heavy hides. This machinery refers to smaller and more compact machines that are designed for processing thinner and softer leather, including garments and accessories.
Customised Report as per your requirements!
The light segment was valued at USD 73,049.34 in 2018. The changing fashion trends and rising demand for comfortable, trendy, and fancy leather apparel such as jackets, overcoats, and handbags drive the growth of the light segment. The evolution of budget-friendly, stylish, and comfortable leather goods such as leather bracelets, necklaces, gloves, travel bags, belts, and others will further enhance the demand for light leather machinery and, in turn, boost the growth of light segment during the forecast period.
Based on application, the market has been segmented into footwear, leather goods, automotive, garments, and others. The footwear segment will account for the largest share of this segment. The growth in the footwear segment can be attributed to factors such as rapid growth in spending on fashion accessories, the growing influence of social media, and the rising propensity toward buying trendy, fancy, and comfortable footwear. High demand and shortage of supply allow manufacturers to increase the prices of leather footwear. Furthermore, the customization of footwear complements market growth through new purchases. The customization of leather footwear is expected to increase the revenue generated by footwear manufacturers. Therefore, the footwear segment is expected to grow in the global market during the forecast period.
For more insights on the market share of various regions Download Sample PDF now!
North America is estimated to contribute 36% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the machinery market growth analysis during the forecast period. The growth in the regional market is driven by factors such as the growing demand for leather products rising popularity of luxury goods such as leather footwear, leather handbags, and others.
Furthermore, the technological advancements in machinery, such as the incorporation of digital control systems and automation, help improve the efficiency and precision of the tanning process. Therefore, such factors will foster the growth of the leather tanning machinery market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
3H machine Co. Ltd., ALETTI GIOVANNI and FIGLI SRL, B.C.R. snc, Da.Ma srl, Demaksan Deri Insaat Asansor Makina San. ve Tic. Ltd. Sti., Erretre SpA, Escomar Italia srl, FICINI DUEFFE Tannery Machines, Fratelli Carlessi, GE.MA.TA. SpA , GER ELETTRONICA S.r.l, GOZZINI 1906 TURINI GROUP srl , MERCIER TURNER , Officine di Cartigliano S.p.A, Ring Maschinenbau GmbH, Steni System Srl, Thema System S.r.l, TSOP FUR MACHINES, and Yancheng Shibiao Machinery Manufacturing Co. Ltd.
Technavio leather tanning machinery market research report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Leather Tanning Machinery Market Scope |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.52% |
Market Growth 2024-2028 |
USD 16,251.74 |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.86 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, China, India, Italy, and Russia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3H machine Co. Ltd., ALETTI GIOVANNI and FIGLI SRL, B.C.R. snc, BERGI SpA, Da.Ma srl, Demaksan Deri Insaat Asansor Makina San. ve Tic. Ltd. Sti., Erretre SpA, Escomar Italia srl, FICINI DUEFFE Tannery Machines, Fratelli Carlessi, GE.MA.TA. SpA , GER ELETTRONICA S.r.l, GOZZINI 1906 TURINI GROUP srl , MERCIER TURNER , Officine di Cartigliano S.p.A, Ring Maschinenbau GmbH, Steni System Srl, Thema System S.r.l, TSOP FUR MACHINES, and Yancheng Shibiao Machinery Manufacturing Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.