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Leather Goods Market by Product, Distribution Channel and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 168
  • SKU: IRTNTR45025
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The leather goods market is estimated to grow at a CAGR of 6.24% between 2022 and 2027. The size of the market is forecast to increase by USD 90.98 billion. The growth of the market depends on serval factors, including innovative marketing strategies, product premiumization owing to the design and material innovation, and the Influence of celebrity endorsements on customers' purchase decisions and growing demand for designer collections.

This report extensively covers market segmentation by product (footwear, LBWP, and others), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Leather Goods Market During the Forecast Period?

Leather Goods Market Size

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Parent Market Analysis

Technavio categorizes the leather goods market as a part of the global apparel, accessories, and luxury goods market, within the textiles, apparel, and luxury goods market. The parent market, the global apparel, accessories, and luxury goods market, covers products and companies engaged in the manufacturing/marketing of apparel, accessories, and luxury goods. The market also includes companies offering apparel, accessories, and luxury goods rental services. The market excludes manufacturers of shoes. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Leather Goods Market: Key Drivers, Trends, Challenges, and Customer Landscape

The innovative marketing strategies are notably driving the market growth, although factors such as fluctuating operational costs may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Leather Goods Market Driver

Innovative marketing strategies is a major factor driving the global leather goods market share growth. The fashion industry has been experiencing rapid advances over the last two decades, mainly due to the increasing number of fashion-conscious customers, especially in developing regions. Most vendors that offer luxury leather goods, such as LVMH, Hermès, and CHANEL SAS advertise their products through newspapers and fashion magazines, instead of television. Manufacturers of leather goods adopt different marketing campaigns and strategies to expand their customer base. Celebrity endorsement is a popular marketing tool used by vendors to build their brand image and increase the sales of luxury leather goods.

For instance, the promotional strategies employed by LVMH for its products include endorsements by celebrities such as Jennifer Lopez, Kate Moss, Scarlett Johansson, and Uma Thurman. Louis Vuitton sponsors mega sporting events, such as motorsports and yachting. Similarly, the leather goods offered by CHANEL are endorsed by Keira Knightley, Vanessa Paradis, and Nicole Kidman. Online advertising is also an essential part of marketing strategies. Vendors often sign multiyear endorsement agreements with high-profile celebrities to enhance their brand value. These marketing initiatives increase the demand for leather goods.

Significant Leather Goods Market Trend

The advances in manufacturing technology is another factor supporting the global leather goods market share growth. Several processes of leather tanning involve the use of a huge amount of water, which is a natural resource, leading to its scarcity. Some of the chemical manufacturing companies, such as BASF SE, are helping the players in the leather tanning industry in reducing the use and wastage of water. The leather tanning industry requires additional investments for the treatment of wastes to meet the required standard on the volume of discharge.

To address this issue, BASF developed a beam house innovation, called DryFast, to impart efficiency while being ecologically safe. This new process helps reduce water consumption by nearly 60% and produces clean effluents by minimizing sludge by around 50%. Such advancements in manufacturing technology are expected to lower the manufacturing cost, consecutively making leather goods affordable, eco-friendly, and innovative, thereby aiding in the growth of the market.

Major Leather Goods Market Challenge

The fluctuating operational costs will be a major challenge for global leather goods market share growth during the forecast period. In the last decade, labor costs in developing countries, such as China, Indonesia, Bangladesh, and Vietnam, have grown rapidly, and they are continuously fluctuating. This is increasing the production cost for vendors that have factories in these countries. Changing economic conditions are also adversely affecting the labor cost in other countries where the vendors import their supplies. Fluctuation in raw material costs is another challenge for global manufacturers.

The process of leather manufacturing includes several steps that are highly regulated, which further increases the price of leather as a raw material. The prices of these materials are also dependent on transportation costs. Transportation costs, which include taxes, duties, and fuel prices, are incurred by manufacturers at different steps, such as the supply of raw materials to factories, the supply of intermediary goods to production sites, the transportation of end-products to warehouses, and the delivery of finished goods to end-users. Due to such reasons, the growth of the market will continue to be hindered during the forecast period.

Key Leather Goods Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Leather Goods Market Share by Geography

Global Leather Goods Market Customer Landscape

Who are the Major Leather Goods Market Vendors?

Vendors 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.

adidas.co.in - The company offers leather goods such as Copa Pure.1 Firm Ground Boots. Also, through this segment, the company offers all types of sports wear and luggage bags.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Bata India Ltd.
  • Burberry Group Plc
  • Capri Holdings Ltd.
  • CHANEL Ltd.
  • Dolce and Gabbana S.r.l.
  • Giorgio Armani S.p.A.
  • GLobalLeathers
  • Hermes International SA
  • Kering SA
  • LVMH Moet Hennessy Louis Vuitton SE
  • Mulberry Group Plc
  • Nike Inc.
  • Prada S.p.A
  • PUMA SE
  • Ralph Lauren Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Leather Goods Market?

The market share growth by the footwear segment will be significant during the forecast period. Leather footwear includes products that have upper surfaces made of leather. Vendors are constantly innovating and introducing new patterns and designs due to market competition and evolving customer demand because of continuous changes in the fashion industry. Innovations in leather footwear are in terms of designs and the type of animal skin used. For instance, Hermes offers Valois ankle boots made of smoked-brown calfskin suede. They are equipped with straps, saddle nails, and saddle-style stitching on the diagonal side. 

Leather Goods Market Size

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The footwear segment was valued at USD 129.59 billion in 2017 and continue to grow by 2021In the premium segment, leading vendors offer customized products which have an aesthetic appeal. For instance, Nike, one of the key vendors, offers customized shoes under its Nike By You segment. This allows customers to customize their shoes in terms of color, design of shoe soles, and the printing of custom text. The concept of monogramming and embroidery is also trending in the leather goods segment, especially among women, due to the availability of personalization services such as the Louis Vuitton monogramming service. Such services allow customers to personalize products that are popular. Hence, the products are unique and expensive. They also help distinguish original products from counterfeits. 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 during the forecast period.

Which are the Key Regions for the Leather Goods Market?

Leather Goods Market Share by Geography

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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the leather goods market in APAC is driven by economic growth, expanding middle-class population, and the high number of vendors that operate in the region. China, Japan, and South Korea are the key countries in the region. Moreover, the customers in APAC are considered price-conscious buyers, and durability is the major factor considered by the population in the region while purchasing leather goods. Furthermore, changing lifestyles and fashion trends have encouraged various regional and global leather boot manufacturers to introduce innovative product lines to match the regional dressing style. This has also provided an opportunity for luxury leather goods brands, such as Hermes International, Kering, and LVMH, to thrive in the region. Vendors in APAC are engaged in launching new products and varied product lines to expand their customer base and market share. Marketing and promotional activities, along with the expansion of distribution channels, are the other factors that are driving the growth of the leather goods market in the region.

The incidence of COVID-19 increased significantly in the region in 2020. However, in 2021, mass vaccination drives and other government initiatives resulted in the lifting of lockdowns and the resumption of business operations in the leather goods market. This further led to the resumption of leather goods manufacturing globally. Such factors are expected to boost the growth of the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    • Footwear
    • LBWP
    • Others
  • Distribution Channel Outlook (USD Billion, 2017 - 2027)
    • Offline
    • Online
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Leather Goods Market Scope

Report Coverage

Details

Page number

168

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.24%

Market growth 2023-2027

USD 90.98 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.82

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, China, Japan, France, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adidas AG, Bata India Ltd., Burberry Group Plc, Capri Holdings Ltd., CHANEL Ltd., Dolce and Gabbana S.r.l., Giorgio Armani S.p.A., GLobalLeathers, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, Nike Inc., Prada S.p.A, PUMA SE, Ralph Lauren Corp., Samsonite International S.A., Tapestry Inc., VF Corp., and Compagnie Financiere Richemont SA

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 forecast period.

Customization purview

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What are the Key Data Covered in this Leather Goods Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the leather goods market between 2023 and 2027
  • Precise estimation of the size of the leather goods market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of leather goods market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global leather goods market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global leather goods market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Footwear - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Footwear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Footwear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Footwear - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Footwear - Year-over-year growth 2022-2027 (%)
    • 6.4 LBWP - Market size and forecast 2022-2027
      • Exhibit 38: Chart on LBWP - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on LBWP - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on LBWP - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on LBWP - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 47: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 49: Chart on Comparison by Distribution Channel
      • Exhibit 50: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 59: Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Adidas AG
              • Exhibit 112: Adidas AG - Overview
              • Exhibit 113: Adidas AG - Product / Service
              • Exhibit 114: Adidas AG - Key offerings
            • 12.4 Bata India Ltd.
              • Exhibit 115: Bata India Ltd. - Overview
              • Exhibit 116: Bata India Ltd. - Product / Service
              • Exhibit 117: Bata India Ltd. - Key offerings
            • 12.5 Burberry Group Plc
              • Exhibit 118: Burberry Group Plc - Overview
              • Exhibit 119: Burberry Group Plc - Business segments
              • Exhibit 120: Burberry Group Plc - Key offerings
              • Exhibit 121: Burberry Group Plc - Segment focus
            • 12.6 Capri Holdings Ltd.
              • Exhibit 122: Capri Holdings Ltd. - Overview
              • Exhibit 123: Capri Holdings Ltd. - Business segments
              • Exhibit 124: Capri Holdings Ltd. - Key news
              • Exhibit 125: Capri Holdings Ltd. - Key offerings
              • Exhibit 126: Capri Holdings Ltd. - Segment focus
            • 12.7 CHANEL Ltd.
              • Exhibit 127: CHANEL Ltd. - Overview
              • Exhibit 128: CHANEL Ltd. - Business segments
              • Exhibit 129: CHANEL Ltd. - Key offerings
              • Exhibit 130: CHANEL Ltd. - Segment focus
            • 12.8 Compagnie Financiere Richemont SA
              • Exhibit 131: Compagnie Financiere Richemont SA - Overview
              • Exhibit 132: Compagnie Financiere Richemont SA - Business segments
              • Exhibit 133: Compagnie Financiere Richemont SA - Key offerings
              • Exhibit 134: Compagnie Financiere Richemont SA - Segment focus
            • 12.9 Giorgio Armani S.p.A.
              • Exhibit 135: Giorgio Armani S.p.A. - Overview
              • Exhibit 136: Giorgio Armani S.p.A. - Product / Service
              • Exhibit 137: Giorgio Armani S.p.A. - Key offerings
            • 12.10 GLobalLeathers
              • Exhibit 138: GLobalLeathers - Overview
              • Exhibit 139: GLobalLeathers - Product / Service
              • Exhibit 140: GLobalLeathers - Key offerings
            • 12.11 Hermes International SA
              • Exhibit 141: Hermes International SA - Overview
              • Exhibit 142: Hermes International SA - Business segments
              • Exhibit 143: Hermes International SA - Key offerings
              • Exhibit 144: Hermes International SA - Segment focus
            • 12.12 Kering SA
              • Exhibit 145: Kering SA - Overview
              • Exhibit 146: Kering SA - Business segments
              • Exhibit 147: Kering SA - Key offerings
              • Exhibit 148: Kering SA - Segment focus
            • 12.13 LVMH Moet Hennessy Louis Vuitton SE
              • Exhibit 149: LVMH Moet Hennessy Louis Vuitton SE - Overview
              • Exhibit 150: LVMH Moet Hennessy Louis Vuitton SE - Business segments
              • Exhibit 151: LVMH Moet Hennessy Louis Vuitton SE - Key news
              • Exhibit 152: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
              • Exhibit 153: LVMH Moet Hennessy Louis Vuitton SE - Segment focus
            • 12.14 Mulberry Group Plc
              • Exhibit 154: Mulberry Group Plc - Overview
              • Exhibit 155: Mulberry Group Plc - Business segments
              • Exhibit 156: Mulberry Group Plc - Key offerings
              • Exhibit 157: Mulberry Group Plc - Segment focus
            • 12.15 Nike Inc.
              • Exhibit 158: Nike Inc. - Overview
              • Exhibit 159: Nike Inc. - Business segments
              • Exhibit 160: Nike Inc. - Key news
              • Exhibit 161: Nike Inc. - Key offerings
              • Exhibit 162: Nike Inc. - Segment focus
            • 12.16 Prada S.p.A
              • Exhibit 163: Prada S.p.A - Overview
              • Exhibit 164: Prada S.p.A - Product / Service
              • Exhibit 165: Prada S.p.A - Key offerings
            • 12.17 PUMA SE
              • Exhibit 166: PUMA SE - Overview
              • Exhibit 167: PUMA SE - Business segments
              • Exhibit 168: PUMA SE - Key news
              • Exhibit 169: PUMA SE - Key offerings
              • Exhibit 170: PUMA SE - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations

              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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Leather Goods market growth will increase by $90.98 billion during 2023-2027.
              The leather goods market is expected to grow at a CAGR of 6.24% during 2023-2027.
              Technavio has segmented the leather goods market by product (Footwear, LBWP, and Others) ,distribution channel (Offline, Online, Europe, South America, and MEA) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              Adidas AG, Bata India Ltd., Burberry Group Plc, Capri Holdings Ltd., CHANEL Ltd., Dolce and Gabbana S.r.l., Giorgio Armani S.p.A., GLobalLeathers, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, Nike Inc., Prada S.p.A, PUMA SE, Ralph Lauren Corp., Samsonite International S.A., Tapestry Inc., VF Corp., Compagnie Financiere Richemont SA are a few of the key vendors in the leather goods market.
              APAC will register the highest growth rate of 46.12% among the other regions. Therefore, the leather goods market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the leather goods market growth are:
              • Innovative marketing strategies
              • Introduction of different leather varieties
              The leather goods market vendors should focus on grabbing business opportunities from the footwear segment as it accounted for the largest market share in the base year.
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