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The leather luggage market size is forecast to increase by USD 4.22 billion, at a CAGR of 5.97% between 2023 and 2028. The global leather luggage market has experienced substantial growth over the past decade, driven by the surge in e-commerce sales. E-commerce platforms enable customers to access a wide range of regional and global leather luggage brands, fueled by the increasing global penetration of smartphones. E-commerce players, including brand-owned online formats and pure-play retailers, offer personalized shopping experiences and product comparisons for customers. Major online retailers like Amazon.com dominate the global market. Developing countries' growing trend towards online retailing is expected to boost leather luggage sales through this channel. E-commerce platforms provide valuable customer feedback through reviews and ratings, allowing informed buying decisions. Eliminating physical store costs, e-commerce players offer significant discounts on leather luggage, making it an attractive option for consumers. For instance, Fossil Group Inc.'s Womens Wiley Leather Satchel Purse Handbags on Amazon showcase customer ratings and feedback on product quality.
Furthermore, the leather travel industry thrives with the production of crack-proof and water-resistant luggage products. Travelers prefer these durable items to protect their electronic gadgets from contamination, dust, and damage during transit. Additionally, Bennett Winch Ltd company offers leather luggages such as the suit carrier holdall, the leather weekender, and the cargo range.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.In the dynamic and ever-evolving market of travel accessories, the market continues to hold a significant position. The market is characterized by its durability, elegance, and versatility. Producers crack the whip to create a wide range of products, including duffel bags, backpacks, suitcases, smart luggage and travel and business bags. Travelers prefer it for its long-lasting nature and classic appeal. The use of high-quality leather ensures that these products withstand the test of time. Furthermore, the production process involves various crafting techniques, such as stitching and embossing, which add to their aesthetic value. Travelers from all corners of the world appreciate the convenience and functionality that leather luggage offers.
The market research report growth by the travel bags segment will be significant during the forecast period. The market encompasses a range of travel essentials, including neckpieces, gloves, business bags, and fashionable handbags. The mode of sale varies from retail stores to online platforms. Value chain analysis reveals the involvement of raw material suppliers, leather tanners, manufacturers, and consumers in the production process. In the tourism industry, consumers seek innovative luggage products for convenience and style. Business bags with side handles and wheels enable maneuverability during transit.
The travel bags segment was valued at USD 5.26 billion in 2018. Further, working women prefer trendy handbags and fashionable leather jackets for both professional and personal use. Leather footwear and accessories, such as gloves and leather cuff bracelets, are also popular additions to travel bags. Strategies for market growth include the integration of wheels and spinner systems, increasing storage capacity, and offering customizable designs. The popularity of spinner luggage made of polycarbonate materials is increasing, but leather bags continue to dominate the market due to their durability and timeless appeal.
The offline?segment will account for the largest share of this segment.?The market encompasses the sale of high-end travel bags and accessories made from leather. Travelers prefer these products for their durability, with many seeking water-proof and crack-proof features to protect against contamination by dust, water, and potential damage during transport. Leather luggage often includes fireproof elements and is suitable for safeguarding electronic gadgets. The textile industry produces a range of leather goods, including jackets, pants, belts, and accessories such as wallets, handbags, and purses. These costly items are available in retail stores, with supermarkets and hypermarkets dedicating aisles to luxury travel bags. Business travelers and those embarking on casual trips seek its stylish and protective qualities. Leather luggage comes in various forms, including trolley bags, suitcases, and men's accessories like leather bracelets. In cold countries, consumers may opt for warm jackets and fur linings. Some countries have imposed bans on certain materials, leading to increased demand during the forecast period.
Get a glance at the market share of various regions View PDF Sample
APAC is estimated to contribute 49% to the growth of the global market research and growth during the forecast period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In the APAC, the textile industry in countries like India offer cost-effective labor, encouraging manufacturers to produce these leather goods. In Europe and North America, consumers seek waterproof and fireproof luggage for business trips and casual outings. Leather jackets, pants, belts, accessories, footwear, and fur linings are also popular within the leather and allied products market. Brands like Hidesign are expanding their retail store networks, offering a range of products including trolley bags, suitcases, purses, wallets, handbags, and men's accessories. Winter travelers prioritize protective and warm jackets, while cold countries may impose restrictions on fur linings. Leather luggage products continue to be highly desirable among travelers due to their durability and stylish appeal, catering to both functional and fashion preferences. As demand for high-quality leather and allied products grows, driven by consumer preferences for durability and aesthetic appeal, the leather and allied products market is expected to expand further in these regions.
Our market growth analysis report analyzed the market growth and forecasting data with 2023 as the base year, along with the key trends, and challenges. A holistic analysis of market growth and trends, drivers, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.In the market, the lightweight nature of these leather bags makes them easy to carry, while their spacious interiors accommodate all essentials. Moreover, the trend towards sustainable and eco-friendly practices has led to the emergence of eco-leather and recycled leather luggage. These innovative products cater to the growing demand for sustainable travel solutions. In conclusion, the market is a thriving sector that continues to captivate travelers with its durability, elegance, and functionality. Producers invest in research and development to create innovative and sustainable products that cater to the evolving needs of consumers.
Innovative marketing strategies by companies is the key factor driving the market. The market is experiencing growth due to the expanding in various countries. This growth is driven by the increased availability of leather for the production of diverse leather goods, including neckpieces, gloves and trendy handbags. The mode of sale for these products ranges from B2B to B2C, catering to consumers in the tourism industry and working women.
Moreover, value chain analysis reveals that leather tanning is a crucial process in production, resulting in innovative products such as side handle bags with wheels, enabling easy maneuver during transit. Additionally, the market includes leather footwear, jackets, and accessories, like fashionable handbags and leather cuff bracelets. Strategies for market development include policies aimed at increasing leather exports, such as India's CLE plan to achieve a 10% growth by 2021.
Rising demand for smart leather luggage is the primary trend shaping the market. In the market, companies are innovating to cater to consumers' needs and enhance sales. They are developing smart leather neckpieces, gloves, and business bags, integrating technologies such as Wi-Fi connectivity, GPS tracking, and cameras. The mode of sale includes both online and offline channels. Value chain analysis reveals that raw material suppliers, manufacturers, retailers, and consumers are key players.
Further, the tourism industry and working women are significant consumer segments for leather goods. Leather luggage products come in various designs, including trendy handbags, fashionable handbags, leather footwear, leather jackets, and leather accessories like cuff bracelets. Smart features such as inside lights, missing item reminders, open alerts, and wireless chargers make transit more convenient for users of leather goods. Companies employ strategies like side handles and wheels to improve maneuverability, enhancing the practicality and usability of leather luggage and accessories. The integration of these innovative features meets the evolving demands of consumers seeking stylish yet functional leather goods suitable for both travel and daily use. As consumer preferences for high-quality and technologically enhanced leather products grow, the market for leather goods is expected to expand, driven by innovation and catering to diverse lifestyle needs.
The wide availability of leather-free luggage products is the major challenge that affects the market growth. The market encompasses a range of travel essentials, including neckpieces, gloves, business bags, and trendy handbags. With growing consumer consciousness towards animal welfare and environmental concerns, the mode of sale for leather alternatives, such as leatherette, microfiber, PVC, jute, hemp, and bamboo, is expanding.
Additionally, value chain analysis reveals that the tourism industry and working women are significant consumers of innovative luggage products. These items often feature side handles and wheels and are designed for easy maneuver during transit. Leather footwear, leather jackets, leather bags, leather accessories like cuff bracelets, and fashionable handbags are also part of this market. Strategies for vendors include offering tear-resistant, lightweight, and eco-friendly materials, as well as catering to the latest fashion trends.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, which forecasts to enhance their presence in the market report.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 29 market companies, including:
The market analysis and report of 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 market 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.
The market research report includes the adoption lifecycle of the market, covering the innovator's stage to the laggard's stage. The market forecast report focuses on adoption rates in different regions based on penetration. Furthermore, the market trends and analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Customer Landscape
In the dynamic and ever-evolving market of travel essentials, the market continues to hold a significant position. The market is characterized by its durability, elegance, and versatility. Producers craft bags and suitcases using high-quality leather, ensuring long-lasting protection for valuable contents. Travelers prefer leather luggage for its classic appeal and resistance to wear and tear. The market caters to various segments, including duffel bags, backpacks, briefcases, and suitcases. Producers employ innovative techniques, such as crackle finishes and embossed patterns, to create unique designs that cater to diverse consumer preferences.
Moreover, the market is influenced by trends, such as the increasing popularity of minimalist designs and the integration of technology into luggage. Cracks and scratches on leather luggage are often perceived as signs of authenticity and character, adding to their allure. The market is projected to grow, driven by the rising demand for premium travel accessories and the increasing number of international travelers. Producers must focus on sustainability, functionality, and affordability to cater to the evolving needs of consumers. In conclusion, the market is a thriving industry that offers a wide range of products, catering to the diverse needs and preferences of travelers. Its durability, elegance, and versatility make it a preferred choice for those seeking a premium travel experience.
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Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.97% |
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Market Growth 2024-2028 |
USD 4223.65 million |
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Market structure |
USD Fragmented |
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YoY growth 2023-2024(%) |
5.22 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 49% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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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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. |
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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. |
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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
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