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

Leather Luggage Market Forecast 2023-2027

The leather luggage market size is estimated to grow by USD 3.90 billion at a CAGR of 5.59% between 2022 and 2027. 

The market's growth is influenced by various factors, notably the increasing number of initiatives, the burgeoning prominence of online shopping, and the expanding global travel and tourism industry. These factors collectively contribute to the market's expansion, as initiatives drive innovation and consumer engagement, while online shopping platforms provide convenience and accessibility to a wider customer base. Moreover, the growth of the travel and tourism industry stimulates demand for related products and services, further fueling market growth. As these trends continue to evolve, the market adapts to meet changing consumer preferences and capitalize on emerging opportunities in the global marketplace. 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 Luggage Market During the Forecast Period?

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Market Dynamics and Customer Landscape

In the dynamic and ever-evolving market of travel accessories, leather luggage continues to hold a significant position. The leather luggage 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, and travel bags. Travelers prefer leather luggage 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 lightweight nature of these products 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 leather luggage 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. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rising number of initiatives is notably driving market growth. The availability and production are directly influenced by the demand from manufacturers. As a result, there is now more available for manufacture due to the growing demand of these goods in various nations around the world. New policies are being developed by some organizations in various nations to advance the market.

The leather luggage market is experiencing growth due to the expanding leather industry in various countries. This growth is driven by the increased availability of leather for the production of diverse leather goods, including neckpieces, gloves, business bags, 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. Value chain analysis reveals that leather tanning is a crucial process in the production of leather luggage, resulting in innovative products such as side handle bags with wheels, enabling easy maneuvering 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.

Both businesses intended to build a new facility in Tanzania to produce tanned. These initiatives will increase the supply of this leather for the manufacture of luggage as well as its production. Hence, such factors will increase the production and sales of leather luggage, which, in turn, will drive the growth of the global market during the forecast period.

Significant Market Trends

The increasing demand for eco or organic leather and bio-fabricated leather is an emerging trend in the market. Traditional tanning is bad for people and disrupts the environment. As a result, there is an increasing need for eco-friendly and organic. The National Organic Program of the US Department of Agriculture ensures that animals are raised on organic feeds and that the leather they produce is tanned in an organic tannery.

In the leather luggage market, vendors 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. The tourism industry and working women are significant consumer segments. Leather luggage products come in various designs, including trendy handbags, fashionable handbags, leather footwear, leather jackets, and leather accessories like cuff bracelets. Smart features like inside lights, missing item reminders, open alerts, and wireless chargers make transit more convenient. Vendors employ strategies like side handles and wheels to improve maneuverability.

Eco-leather is organically tanned, and the tanning procedure makes use of smoke, plant tannins, and vegetable tannins. Naturally, organic, which provides these materials for goods manufacturing in the UK, only sources that has been certified from particular British farms. This has been certified by the German certification body TUV Rheinland to be free of harmful substances, environmentally friendly, and chrome. Additionally, businesses are phasing out hazardous PVC from their products. Modern Meadow, a Brooklyn-based startup in the US, is creating bio-fabricated that can be produced without harming animals in an effort to protect animals and go organic. To create bio-fabricated, the company creates collagen proteins from animal cells that are still alive. The protein is then organized into a substance that resembles natural. Thus, such factors are expected to drive the growth of the global market during the forecast period.

Major Market Challenge

The wide availability of leather-free luggage products is a major challenge impeding the market growth. Due to the emphasis on animal welfare, there is an increasing demand for luggage products without these. The toxicity, waste production, and pollution linked to leather tanning are also driving up demand for substitutes. Vendors, thus use synthetic, leatherette, made by covering the fabric with plastic, microfiber, made by industrially scraping materials, PVC, and other organic materials like jute, hemp, and bamboo.

The leather luggage 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. Value chain analysis reveals that the tourism industry and working women are significant consumers of innovative luggage products. These items often feature side handles, 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.

Some microfibers are light in weight, tear and abrasion resistant, antibacterial, anti-mildew, and mothproof. They are also very strong in tensile tests. To lessen the use of leather, businesses also make luggage from environmentally friendly materials. For example, various government programs and initiatives support the growth of the jute market. Additionally, they want to increase jute-made luggage production and sales. Hence, these factors will hinder the growth of the global market during the forecast period.

Key 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.

Global Market Customer Landscape

Who are the Major Leather Luggage Market Companies?

Companies 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.

DELSEY - The company offers suitcases, bags, accessories, and others. The key offerings of the company include these solutions.

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

• Bellroy Pty Ltd.
• Capri Holdings Ltd.
• Compagnie Financiere Richemont SA
• Fossil Group Inc.
• Goldlion Group Co. Ltd.
• Hermes International SA
• Hidesign
• Kering SA
• Leatherology
• LVMH Moet Hennessy Louis Vuitton SE
• MAHI Leather Ltd.
• NAPPA DORI Pvt. Ltd.
• Prada S.p.A
• Samsonite International S.A.
• Tapestry Inc.

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.

Market Segmentation

In the dynamic and ever-evolving market of travel essentials, leather luggage continues to hold a significant position. The leather products 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. Crack-proof luggage products and scratches on leather luggage are often perceived as signs of authenticity and character, adding to their allure. The leather luggage 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 leather luggage 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.

By Product

The market share growth by the travel bags segment will be significant during the forecast period. When traveling from one location to another, travel bags are useful for carrying clothing and other necessities. There are many different kinds of travel bags on the market, including travel totes, duffel bags, weekenders, rolling luggage, and travel packs.

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The travel bags segment was valued at USD 5.29 billion in 2017 and continued to grow until 2021. The type used, the amount of storage space, and the bag's design all affect how much they cost. Many vendors let customers customize their purchases by picking the color, type, and special appearances. People who prefer to carry their bags to work or play and are fashion-conscious tend to be big consumers of such products. For instance, the Marcus Leather backpack with a zebra front pocket is a travel bag offered by Modern and Tribal CC that allows for customer customization. The leather luggage 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. 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.

Customers can choose the color and type for this travel bag. By releasing new variations of these bags, some retailers are also attempting to diversify their product lines. Therefore, product expansions can increase sales and drive the growth of the market during the forecast period.

By Distribution Channel

The leather luggage 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 features, 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 leather luggage for 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 for leather luggage.

Which are the Key Regions for the Market?

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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.

APAC was the largest producer of  APAC in 2020. By expanding the network of their retail stores, vendors are attempting to boost the sales.The leather travel industry thrives with the production of crack-proof luggage products and water-resistant luggage products. Travelers prefer these durable items to protect their electronic gadgets from contamination, dust, and damage during transit. The textile industry in countries like India offers cost-effective labor, encouraging manufacturers to produce these leather goods. In Europe and North America, consumers seek water-proof and fireproof features,crack-proof luggage products and protective jackets for business trips and casual outings. Leather jackets, pants, belts, accessories, footwear, and fur linings are also popular consumer goods. Brands like Hidesign expand their retail store networks, offering trolley bags, suitcases, purses, wallets, handbags, and men's accessories. Winter travelers value protective and warm jackets, while cold countries impose bans on fur linings. Leather luggage products continue to be a desirable choice for travelers, offering durability and style.  For instance, Hidesign declared in March 2020 that it would be opening six new physical stores throughout India in the upcoming years. Through new online retail platforms, some global vendors are also attempting to increase their sales in APAC. During the forecast period, the vendors' efforts to increase their online retail presence in APAC will boost online sales and fuel market expansion in the region. Samsonite International, VIP Industries, and Hidesign are three well-known suppliers in APAC.

China was one of the major markets in APAC in 2020. The rise of the middle class, rising disposable income, rising demand for luxury goods in lower-class cities, and an increase in travelers all have an impact on the Chinese market. Population growth and exposure to new fashions and trends have caused the market to expand significantly. The emergence of online retail in APAC has made shopping easier, which is also anticipated to fuel the market growth during the forecast period.

Furthermore, numerous domestic and international manufacturers have been inspired to launch new product lines to complement the evolving lifestyles and fashion trends. As a result, luxury luggage companies like Hermes International, Kering SA, and LVMH Moet Hennessy - Louis Vuitton have been able to flourish in the region. Moreover, in order to increase their customer base and market share, vendors in APAC are actively developing new products and diverse product lines. Therefore, such factors will drive the growth of the market in the region during the forecast period. 

Segment Overview

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

• Product Outlook
  • Travel bags
  • Casual bags
  • Business bags

• Distribution Channel Outlook
  • Offline
  • Online

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Brazil
    • Argentina

Market Analyst Overview

The market is experiencing significant growth, driven by the increasing demand for convenient, fashionable, and comfortable leather handbags. Factors such as the growing number of working people, rising fashion consciousness among women and men, and the feasibility and convenience of leather handbags are contributing to market expansion. In the leather luggage market stands out as a significant player. This market encompasses a wide range of products, including briefcases, backpacks, duffel bags, and suitcases, all crafted from genuine leather. The appeal of leather luggage lies in its durability, elegance, and versatility. Prospective buyers, particularly the jet-setting business class, are attracted to the professional and sophisticated image that leather luggage projects. The jackets and coats segment also plays a role in this market, as leather garments are often used to complement the leather luggage collection. The global leather luggage market is expected to grow steadily due to increasing disposable income, rising travel trends, and the growing popularity of luxury brands. However, factors like high production costs and intense competition from synthetic materials may pose challenges. Suites and cases, Wallets, Jackets and coats, Prospective buyers, Business class,
In the dynamic world of consumer goods, the leather luggage market stands out as a significant player. This market encompasses a wide range of products, including briefcases, backpacks, duffel bags, and suitcases, all crafted from genuine leather. The appeal of leather luggage lies in its durability, elegance, and versatility. Prospective buyers, particularly the jet-setting business class, are attracted to the professional and sophisticated image that leather luggage projects. The jackets and coats segment also plays a role in this market, as leather garments are often used to complement the leather luggage collection. The global leather luggage market is expected to grow steadily due to increasing disposable income, rising travel trends, and the growing popularity of luxury brands. However, factors like high production costs and intense competition from synthetic materials may pose challenges. 

However, the market faces challenges such as rising concerns over animal killing, high costs associated with raw materials, and trade regulations. Despite these challenges, the market offers opportunities for growth, including technological advancements, the development of new start-ups, and the growth of e-commerce companies. 

Leather Luggage Market Scope
Report Coverage	Details
Page number	163
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.59%
Market growth 2023-2027	USD 3.90 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.78
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 49%
Key countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Bellroy Pty Ltd., Capri Holdings Ltd., Compagnie Financiere Richemont SA, DELSEY, Fossil Group Inc., Goldlion Group Co. Ltd., Hermes International SA, Hidesign, Kering SA, Leatherology, LVMH Moet Hennessy Louis Vuitton SE, MAHI Leather Ltd., NAPPA DORI Pvt. Ltd., Prada S.p.A, Samsonite International S.A., Tapestry Inc., Tucano Srl, VIP Industries Ltd., Zhejiang Jinluda Leather Goods Co. Ltd., and Kenneth Cole Productions Inc.
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market 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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What are the Key Data Covered in this Market Research Report?

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

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