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The leather luggage market size is valued to increase by USD 4.22 billion, at a CAGR of 5.97% from 2023 to 2028. Innovative marketing strategies by leather luggage vendors will drive the leather luggage market.
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In the competitive market, wear resistance is a crucial factor for ensuring product durability and longevity. Top-grain leather, with its high-quality finish and tear strength, outperforms lower-grade alternatives, extending the product lifespan by up to 30%. Stitching techniques and hardware components also significantly impact the durability of leather luggage. Effective stitching techniques can increase the bag's overall strength by 50%, while high-quality zipper durability ensures compliance with carry-on size regulations and reduces the need for frequent replacements. Leather care products play a vital role in maintaining the appearance and functionality of leather luggage. Water resistance and scratch resistance are essential features, enhancing the bag's ability to withstand various environmental conditions and prolong its lifespan. Manufacturing processes, such as leather tanning methods and finishing techniques, contribute to the final product's durability and sustainability. Ethical sourcing of materials, including genuine leather, is a growing concern for consumers, with many preferring products that align with their values. Maintaining handle strength and ensuring ergonomic design are essential for user experience and overall satisfaction. Quality control measures, such as durability testing and UV resistance, further bolster the value proposition of leather luggage. By focusing on these key aspects, businesses can offer high-performing, long-lasting leather luggage that resonates with discerning travelers.
Leather luggage companies' implementation of innovative marketing strategies serves as the primary catalyst for market growth.
The rising demand signifies a notable market trend for smart leather luggage. Smart leather luggage is experiencing increasing popularity as the preferred choice for travelers.
The growth of the industry is significantly influenced by the increasing demand for leather-free luggage options, posing a significant challenge due to the wide availability of these products in the market.
The leather luggage industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The travel bags segment is estimated to witness significant growth during the forecast period.
Leather luggage continues to be a preferred choice for travelers due to its durability and elegance. Wear resistance is ensured through advanced stitching techniques and robust hardware components, while zipper durability is crucial for maintaining the integrity of the bag. Compartment design and repair techniques cater to varying packing needs, and leather care products extend the product lifespan. Baggage weight limits necessitate a focus on lightweight materials, such as top-grain leather, which offers both strength and flexibility. Leather finishing techniques enhance the aesthetic appeal, with full-grain leather providing superior tear strength and natural scratch resistance. Ethical sourcing and sustainable manufacturing processes are increasingly prioritized, ensuring both quality and responsibility.
The Travel bags segment was valued at USD 5.26 billion in 2018 and showed a gradual increase during the forecast period.
Product lifespan is extended through proper maintenance procedures, including leather care and repair. Suitcase dimensions adhere to TSA-approved lock regulations and carry-on size restrictions. Quality control measures ensure consistent performance in areas such as water resistance, UV resistance, ergonomic design, wheel performance, and handle strength. Packing strategies require consideration of interior lining materials and manufacturing processes to optimize space utilization. Durability testing and sustainability initiatives further solidify the appeal of leather luggage in the ever-evolving travel market.
APAC is estimated to contribute 49% 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.
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The market in Asia Pacific (APAC) experienced significant shifts in 2020, with China remaining the leading producer. However, escalating labor costs in China have prompted investors to explore alternative production locations, such as India, where labor expenses are comparatively lower than in China, Bangladesh, and Vietnam. This trend is expected to continue, as the Council of Leather Exports (CLE) in India is actively promoting the export of leather products to Europe and North America. To capitalize on this growing demand, companies are expanding their retail store networks.
For instance, Hidesign, a prominent player, announced plans to open six new brick-and-mortar stores in India. This strategic expansion not only increases sales opportunities but also enhances operational efficiency by reducing logistics costs and ensuring timely delivery to customers.
Customer Landscape of Leather Luggage Industry
Companies are implementing various strategies, such as strategic alliances, leather luggage market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Attavanti - This company specializes in high-quality leather luggage, featuring the Sling mini, Tokyo Totepack, and Tokyo Tote compact models.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Leather Luggage Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.97% |
Market growth 2024-2028 |
USD 4223.65 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.22 |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is a significant segment within the broader travel goods industry, known for its durability and timeless appeal. When evaluating leather luggage offerings, several key factors impact the market competitiveness of various brands. Firstly, the tanning methods used in leather production significantly influence the durability of the final product. For instance, vegetable-tanned leather, while providing a natural, rich look, may not be as resilient as chromed or aniline-dyed leather. Therefore, understanding the tanning methods employed in the supply chain is crucial for ensuring product quality and customer satisfaction. Another essential factor is the strength of stitching techniques used in luggage construction. Superior stitching not only enhances the aesthetic appeal but also contributes to the overall durability of the product. Comparatively, luggage with weaker stitching may lead to increased maintenance costs and potential damage during travel. Additionally, comparing the wear resistance of various leather types, such as full-grain versus bonded leather, is essential. An analysis of handle materials and their effect on luggage longevity is also vital. For example, reinforced handles made of durable materials like brass or steel can significantly extend the product lifespan. Moreover, the assessment of wheel performance and its impact on ease of use is a critical operational planning consideration. A smooth-rolling wheel system can make a significant difference in the travel experience, ultimately influencing customer loyalty and repeat purchases. Furthermore, the effectiveness of protective coatings against scratches and the relationship between suitcase weight and comfort are essential factors in the market evaluation. Measuring the tear strength of different leather finishes, determining the UV resistance of various leather treatments, and comparing the water resistance of different leather types are other essential aspects of the market analysis. In conclusion, a comprehensive evaluation of leather luggage offerings requires an assessment of various factors, including the impact of tanning methods on leather durability, the strength of stitching techniques, the wear resistance of various leather types, the analysis of handle materials, wheel performance, protective coatings, product lifespan, and sustainability and ethical sourcing practices. These factors significantly influence the competitiveness of leather luggage brands in the market.
What is the expected growth of the Leather Luggage Market between 2024 and 2028?
USD 4.22 billion, at a CAGR of 5.97%
What segmentation does the market report cover?
The report is segmented by Product (Travel bags, Casual bags, and Business bags), Distribution Channel (Offline and Online), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Innovative marketing strategies by leather luggage vendors, Wide availability of leather-free luggage products
Who are the major players in the Leather Luggage Market?
Attavanti, Bellroy Pty Ltd., Bennett Winch Ltd, Capri Holdings Ltd., Webbags BV, Compagnie Financiere Richemont SA, DELSEY, Fossil Group Inc., Gusti Leder GmbH, Hermes International, Hidesign, Kenneth Cole Productions Inc., Kering SA, Komals Passion Leather, Leatherology, LVMH Moet Hennessy Louis Vuitton SE, MAHI Leather Ltd., Modern and Tribal CC, NAPPA DORI Pvt. Ltd., Prada S.p.A, ROYCE LLC, Samsonite International S.A., Tapestry Inc., TheSWISST Inc, Tucano Srl, RossoToscana s.r.l., VIP Industries Ltd., Zatchels, and Zhejiang Jinluda Leather Goods Co. Ltd.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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