1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
FEATURED COMPANIES
- adidas AG
- Capri Holdings Ltd.
- Hermès
- Kering SA
- Nike Inc.
- PRADA Spa
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Leather Goods Market: About this market
The leather goods market analysis considers sales from both online and offline distribution channels. Our analysis report also considers finds the sales of leather goods in APAC, Europe, North America, South America, and MEA. In 2018, the offline segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as significant growth of retail channels in different cities and regions will play a significant vital role in the offline segment to maintain its market position. Also, our global leather goods market report looks at factors such as product premiumization owing to design and material innovation, innovative marketing strategies, and increased spending on personal goods due to growing fashion-consciousness. However, fluctuating operational costs, the impact of trade wars, and the availability of counterfeit products may hamper the growth of the leather goods industry over the forecast period.
Global Leather Goods Market: Overview
Increasing spending on personal goods due to growing fashion-consciousness
Fashion-conscious consumers seek unique designs, styles, and colors that can provide an aesthetic and modern look to leather goods. In additionAlso, the rise in customer spending power, evolving lifestyles, and rising penetration of smartphones are also contributing to the growth of the market. Increasing awareness through online channels is encouraging consumers to purchase the latest and unique designs of leather goods. Furthermore, the growing number of working women across the world is also resulting in an increased interest in personal goods, such as handbags and footwear. This increasing spending on personal goods will lead to the expansion of the global leather goods market at a CAGR of over 5% during the forecast period.
Increase in demand for luxury handbags made of eco-friendly materials
The growing demand for leather goods has increased the use of tanning agents for leather, and the improper disposal of these agents has resulted in ecological imbalance. Thus, governments have devised stringent laws on the proper treatment of these tanning agents and related solutions before disposal. ThusTherefore, the increasing use of organic leather is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global leather goods market is moderately fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading leather goods manufacturers, that include adidas AG, Capri Holdings Ltd., Compagnie Financière Richemont SA, Hermès, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Nike Inc., PRADA Spa, Tapestry Inc., VF Corp.
Also, the leather goods market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming future growth opportunities.
The leather goods market analysis considers sales from both online and offline distribution channels. Our analysis report also considers finds the sales of leather goods in APAC, Europe, North America, South America, and MEA. In 2018, the offline segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as significant growth of retail channels in different cities and regions will play a significant vital role in the offline segment to maintain its market position. Also, our global leather goods market report looks at factors such as product premiumization owing to design and material innovation, innovative marketing strategies, and increased spending on personal goods due to growing fashion-consciousness. However, fluctuating operational costs, the impact of trade wars, and the availability of counterfeit products may hamper the growth of the leather goods industry over the forecast period.
Global Leather Goods Market: Overview
Increasing spending on personal goods due to growing fashion-consciousness
Fashion-conscious consumers seek unique designs, styles, and colors that can provide an aesthetic and modern look to leather goods. In additionAlso, the rise in customer spending power, evolving lifestyles, and rising penetration of smartphones are also contributing to the growth of the market. Increasing awareness through online channels is encouraging consumers to purchase the latest and unique designs of leather goods. Furthermore, the growing number of working women across the world is also resulting in an increased interest in personal goods, such as handbags and footwear. This increasing spending on personal goods will lead to the expansion of the global leather goods market at a CAGR of over 5% during the forecast period.
Increase in demand for luxury handbags made of eco-friendly materials
The growing demand for leather goods has increased the use of tanning agents for leather, and the improper disposal of these agents has resulted in ecological imbalance. Thus, governments have devised stringent laws on the proper treatment of these tanning agents and related solutions before disposal. ThusTherefore, the increasing use of organic leather is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global leather goods market is moderately fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading leather goods manufacturers, that include adidas AG, Capri Holdings Ltd., Compagnie Financière Richemont SA, Hermès, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Nike Inc., PRADA Spa, Tapestry Inc., VF Corp.
Also, the leather goods market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming future growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- adidas AG
- Capri Holdings Ltd.
- Hermès
- Kering SA
- Nike Inc.
- PRADA Spa
PART 01: EXECUTIVE SUMMARYPART 08: CUSTOMER LANDSCAPE
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- adidas AG
- Capri Holdings Ltd.
- Hermès
- Kering SA
- Nike Inc.
- PRADA Spa
The following companies are recognised as the key players in the global leather goods market: adidas AG, Capri Holdings Ltd., Compagnie Financière Richemont SA, Hermès, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Nike Inc., PRADA Spa, Tapestry Inc., VF Corp.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increase in demand for luxury handbags made of eco-friendly materials.”
According to the report, one of the major drivers for this market is the increasing spending on personal goods due to growing fashion-consciousness.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuating operational costs.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increase in demand for luxury handbags made of eco-friendly materials.”
According to the report, one of the major drivers for this market is the increasing spending on personal goods due to growing fashion-consciousness.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuating operational costs.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- adidas AG
- Capri Holdings Ltd.
- Compagnie Financière Richemont SA
- Hermès
- Kering SA
- LVMH Moët Hennessy - Louis Vuitton
- Nike Inc.
- PRADA Spa
- Tapestry Inc.
- VF Corp.
Note: Product cover images may vary from those shown