Overview of the leather and allied products market in Bosnia and Herzegovina
Technavio’s market research analysts have envisaged that the leather and allied products market in Bosnia and Herzegovina will witness steady growth and will post a CAGR of close to 4% over the forecast period. The proximity of Bosnia and Herzegovina to major textile and leather markets, such as France, Germany, Italy, and Spain, as well as the ability of its manufacturers to accept orders at short notice and deliver finished products quickly are factors that will boost the growth prospects of this market in the coming years. Moreover, the country has an abundant supply of cheap labor, which makes it a favorable destination for foreign investments.
An increase in the production capacity of leather tanning industry is one of the emerging trends driving the growth of this market. The production capacity of the leather tanning industry has fluctuated markedly since 2010. Between 2010 and 2014, revenue generated from tanning of furs and skins grew from less than USD 1 million to reach USD 50 million. It has been observed that the periods of significant growth in the leather industry coincided with the periods of increase in foreign investments as a result of improvements in the business environment in the country. The production capacity of leather tanning industry is anticipated to increase drastically during the predicted period, which will have a positive impact on this market’s prospects over the next four years.
Segmentation by product type and analysis of the leather and allied products market in Bosnia and Herzegovina
- Tanned and dressed leather and dressed and dyed fur
- Luggage, handbags, saddlery, and harnesses
During 2015, the tanned and dressed leather segment dominated the market and accounted for a market share of close to 88% in terms of revenue. Fresh foreign and domestic investments primarily from apparel and footwear brands have led to an increase in tanning activities, which will contribute to the growth of this segment in the coming years.
Competitive landscape and key vendors
The leather and allied products market in Bosnia and Herzegovina is highly fragmented owing to the presence of over 300 manufacturers, including manufacturers of footwear. Currently, the leather and allied products market in the country is characterized by fluctuations in output, as manufacturers have access to limited resources. Over the past few years, multiple foreign brands have either acquired existing enterprises or established independent businesses in the country. A driving force behind this has been the privatization of state-owned enterprises, which has allowed for operational flexibility and enabled these companies to adapt to the current trends in the market as well as the requirements of foreign clients
Key vendors in this market are -
- Jamahaprom
- Prevent Leather
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the leather and allied products market in Bosnia and Herzegovina?
- What are the key market trends impacting the growth of the leather and allied products market in Bosnia and Herzegovina?
- What are the challenges to market growth?
- Who are the key vendors in the leather and allied products market in Bosnia and Herzegovina?
- What are the market opportunities and threats faced by the vendors in the leather and allied products market in Bosnia and Herzegovina?
- What are the trending factors influencing the market shares of Bosnia and Herzegovina?
- What are the key outcomes of the five forces analysis of the leather and allied products market in Bosnia and Herzegovina?
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This is preliminary content. The table of contents is subject to change.
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Competitive landscape
- Other prominent vendors
PART 14: Key vendor analysis
PART 15: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape