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Leather Goods Market Size Is Projected To Surpass US$ 724.08 Billion By 2030

The global Leather Goods market size is expected to be worth around US$ 724.08 billion by 2030, according to a new report by Vision Research Reports.

The global Leather Goods market size was valued at US$ 400.12 billion in 2020 and is anticipated to grow at a CAGR of 15.9% during forecast period 2021 to 2030.

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Growth Factors

Rising fashion consciousness among consumers has been a key factor boosting the product demand and this has driven various brands to expand their product portfolio. Apart from leading labels and brands, smaller manufacturers have also been gaining importance in the market. Various startups have come up with customized leather products to meet the changing demands of consumers.

The increasing working population and the rising disposable income also drive market growth. Several companies enforce a corporate dress code, which supports the demand for leather shoes. The rising awareness regarding sustainable products offers a huge growth opportunity to the products made from cruelty-free sources.

Increasing number of companies entering the market, is driving the sales of leather goods in the market. E-commerce retail channels play a significant role in the distribution of leather goods as a considerable amount of the market revenue is generated through these channels.

Report Highlights

The genuine leather segment led the market with a share of over 65% in 2020. Synthetic leather goods are less expensive than genuine leather products and are equally attractive in terms of design, which is driving their demand among consumers. Synthetic leather is primarily derived from artificial sources, such as (PU) and (PVC). PU leather is considered to be more eco-friendly as compared to its vinyl-based counterpart, as it does not emit dioxins.

The synthetic type segment is projected to register a CAGR of 10.5% from 2021 to 2030. The growth is attributed to the low cost and heavy-duty construction of these product types. Like paper, plastic leather goods are also available in a variety of eco-friendly options. For example, leather goods made of PLA corn plastic are compostable and offer complete product visibility for enhanced marketability. Products made from materials, such as PET, are heavy-duty, flexible, and have a medium wall construction that flexes but remains crack-resistant. These factors are projected to drive the segment growth in the coming years.

The footwear segment led the market in 2020 with a share of over 57%. Major players in the athletic footwear segment, such as Nike, New Balance, Adidas, Puma, Reebok, All birds, and Converse, have been venturing into leather athletic manufacturing, taking into consideration the increasing consumer demand for leather athletic footwear.

The home décor & furnishing segment is expected to grow at the fastest CAGR of 10.7% from 2021 to 2030. Increasing expenditure on home furnishing and renovation has been a major factor driving the segment growth. It was stated by the International Monetary Fund that the global housing market has been growing steadily over the past few years. Another important factor is the housing index, which reflects changing prices of residential properties.

North America dominated the global market in 2020 accounting for a revenue share of over 34%. The growing product popularity coupled with increasing online purchases in North America is expected to drive the regional market in the future. The rising number of athletes and health &fitness-conscious individuals are also anticipated to fuel the market growth.

Report Coverage Details
Market Size US$ 724.08 billion by 2030
Growth Rate CAGR of 15.9% From 2021 to 2030
Base Year 2020
Forecast Year 2021 to 2030
Segments Covered Product, Type, Region
Companies Mentioned Adidas AG; Nike, Inc.; Puma SE; American Leather Holdings, LLC; Samsonite International S.A.; New Balance Athletics, Inc.; Timberland LLC; Louis Vuitton Malletier; Hermès International S.A.; VF Corp.

Key Player

  • Adidas AG
  • Nike, Inc.
  • Puma SE
  • Fila, Inc.
  • New Balance Athletics, Inc.
  • Knoll, Inc.
  • Samsonite International S.A.
  • VIP Industries Ltd.
  • Timberland LLC
  • Johnston & Murphy
  • Woodland Worldwide
  • Hermès International S.A.
  • Louis Vuitton Malletier
  • VF Corp.
  • COLLAR Company
  • LUCRIN Geneva
  • Nappa Dori
  • Saddles India Pvt. Ltd.
  • Lear Corp.

Market Segmentation

  • Product Outlook
    • Handbag
    • Small Leather Goods & Accessories
    • Apparel
    • Footwear
    • Home Décor & Furnishing
    • Pet Accessories
    • Automotive Accessories
  • Type Outlook
    • Genuine
    • Synthetic
    • Vegan
  • Regional Outlook
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
    • Asia Pacific
      • China
      • India
    • Central & South America
      • Brazil
    • Middle East & Africa
      • South Africa

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Leather Goods Market, By Product

7.1.  Leather Goods Market, by Product, 2021-2030

7.1.1.    Handbag

7.1.1.1.        Market Revenue and Forecast (2016-2030)

7.1.2.    Small Leather Goods & Accessories

7.1.2.1.        Market Revenue and Forecast (2016-2030)

7.1.3.    Apparel

7.1.3.1.        Market Revenue and Forecast (2016-2030)

7.1.4.    Footwear

7.1.4.1.        Market Revenue and Forecast (2016-2030)

7.1.5.    Home Décor & Furnishing

7.1.5.1.        Market Revenue and Forecast (2016-2030)

7.1.6.    Pet Accessories

7.1.6.1.        Market Revenue and Forecast (2016-2030)

7.1.7.    Automotive Accessories

7.1.7.1.        Market Revenue and Forecast (2016-2030)

Chapter 8.  Global Leather Goods Market, By Type

8.1.  Leather Goods Market, by Type, 2021-2030

8.1.1.    Genuine

8.1.1.1.        Market Revenue and Forecast (2016-2030)

8.1.2.    Synthetic

8.1.2.1.        Market Revenue and Forecast (2016-2030)

8.1.3.    Vegan

8.1.3.1.        Market Revenue and Forecast (2016-2030)

Chapter 9.  Global Leather Goods Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2016-2030)

9.1.2.    Market Revenue and Forecast, by Type (2016-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.1.3.2.        Market Revenue and Forecast, by Type (2016-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.1.4.2.        Market Revenue and Forecast, by Type (2016-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2016-2030)

9.2.2.    Market Revenue and Forecast, by Type (2016-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.2.3.2.        Market Revenue and Forecast, by Type (2016-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.2.4.2.        Market Revenue and Forecast, by Type (2016-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2016-2030)

9.2.5.2.        Market Revenue and Forecast, by Type (2016-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2016-2030)

9.2.6.2.        Market Revenue and Forecast, by Type (2016-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2016-2030)

9.3.2.    Market Revenue and Forecast, by Type (2016-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.3.3.2.        Market Revenue and Forecast, by Type (2016-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.3.4.2.        Market Revenue and Forecast, by Type (2016-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2016-2030)

9.3.5.2.        Market Revenue and Forecast, by Type (2016-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2016-2030)

9.3.6.2.        Market Revenue and Forecast, by Type (2016-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2016-2030)

9.4.2.    Market Revenue and Forecast, by Type (2016-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.4.3.2.        Market Revenue and Forecast, by Type (2016-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.4.4.2.        Market Revenue and Forecast, by Type (2016-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2016-2030)

9.4.5.2.        Market Revenue and Forecast, by Type (2016-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2016-2030)

9.4.6.2.        Market Revenue and Forecast, by Type (2016-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2016-2030)

9.5.2.    Market Revenue and Forecast, by Type (2016-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2016-2030)

9.5.3.2.        Market Revenue and Forecast, by Type (2016-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2016-2030)

9.5.4.2.        Market Revenue and Forecast, by Type (2016-2030)

Chapter 10.  Company Profiles

10.1.              Adidas AG

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Nike, Inc.

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Puma SE

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Fila, Inc.

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              New Balance Athletics, Inc.

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Knoll, Inc.

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Samsonite International S.A.

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              VIP Industries Ltd.

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Timberland LLC

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           Johnston & Murphy

10.10.1.               Company Overview

10.10.2.               Product Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

10.11.           Woodland Worldwide

10.11.1.               Company Overview

10.11.2.               Product Offerings

10.11.3.               Financial Performance

10.11.4.               Recent Initiatives

10.12.           Hermès International S.A.

10.12.1.               Company Overview

10.12.2.               Product Offerings

10.12.3.               Financial Performance

10.12.4.               Recent Initiatives

10.13.           Louis Vuitton Malletier

10.13.1.               Company Overview

10.13.2.               Product Offerings

10.13.3.               Financial Performance

10.13.4.               Recent Initiatives

10.14.           VF Corp.

10.14.1.               Company Overview

10.14.2.               Product Offerings

10.14.3.               Financial Performance

10.14.4.               Recent Initiatives

10.15.           COLLAR Company

10.15.1.               Company Overview

10.15.2.               Product Offerings

10.15.3.               Financial Performance

10.15.4.               Recent Initiatives

10.16.           LUCRIN Geneva

10.16.1.               Company Overview

10.16.2.               Product Offerings

10.16.3.               Financial Performance

10.16.4.               Recent Initiatives

10.17.           Nappa Dori

10.17.1.               Company Overview

10.17.2.               Product Offerings

10.17.3.               Financial Performance

10.17.4.               Recent Initiatives

10.18.           Saddles India Pvt. Ltd.

10.18.1.               Company Overview

10.18.2.               Product Offerings

10.18.3.               Financial Performance

10.18.4.               Recent Initiatives

10.19.           Lear Corp.

10.19.1.               Company Overview

10.19.2.               Product Offerings

10.19.3.               Financial Performance

10.19.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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