Global Leather Goods Market 2018-2022

Global Leather Goods Industry Overview

Leather is considered and promoted as a luxury product because the price of leather goods is high. This is due to the high number of activities involved in converting raw materials to a finished good, high price of the final good, and increased manufacturing costs. Analyzing factors that will have a significant impact on the growth of the market, our analysts have identified the perception of luxury associated with leather goods to be major factors driving market growth. The demand for aesthetically appealing leather products will continue to grow as it offers a premium feel that is not provided by synthetic products.

“The high durability of leather attracts customers as they prefer goods that give good value for the money spent. Innovations in design and the use of exotic leather to manufacture products have enabled manufacturers to cater to the demand of high-end and premium customers. Key competitors are designing personalized and customized leather goods to attract customers to spend more on a product that is not common in the marketplace”, says a senior research analyst at Technavio for the general retails goods and services industry.

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Companies covered

The leather goods market is highly fragmented since the market has a number of companies who offer various products through different distribution channels. By offering a complete analysis of the present scenario of the market and the information on sales from both organized and unorganized retail formats, this leather goods industry analysis report will aid clients identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of a number of companies including:

• adidas
• Hermès
• Kering
• LVMH
• Nike
• VF Corporation

Leather goods market growth based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the Americas will make the largest contribution to the growth throughout the estimated period.

Leather goods market growth based on products

• Footwear
• Luggage, bags, wallets, and purses

According to our market research experts, the footwear segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the leather goods market size.

Key highlights of the global leather goods market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the leather goods market during the next five years
• Precise estimation of the global leather goods market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the leather goods industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of leather goods companies

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global leather goods market and its stakeholders over the forecast years.

The global leather goods market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. Some of the markets most likely to influence the growth of the leather goods market over the coming years are the consumer electronics and appliances market in Indonesia and the humidifiers market.

Technavio’s collection of market research reports offer insights into the growth of markets across various industries. Additionally, we also provide customized reports based on the specific requirement of our clients.

In addition to the growth drivers, the report also provides a detailed analysis of the upcoming leather goods trends that will provide new growth opportunities to companies in the leather goods industry and also provides information on factors that will challenge the growth of the market during the next few years.

Moreover, this leather goods market research report also provides an analysis of the market’s competitive landscape and offers information on the products offered by various leather goods manufacturers. This will help clients gain a clear understanding of the level of competition among the companies in this market and also focus on introducing new products. To help clients make the most from this market’s growth, this report also suggests strategies that companies can adopt to gain a competitive edge over their competitors and enhance their customer reach across various geographies.

Key highlights of our market research report on the leather goods market

• Extensive market definition of the leather goods market
• Analysis by multiple marketing tools such as Porter’s five forces model
• Detail characterization of the parent market
• Predictions of the market based on industry lifecycle, market innovation, M&A activities
• In-depth intelligence on the changing competitive scenario and a detailed vendor analysis

Technavio also offers customization on reports based on specific client requirement