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Global Leather Goods Market By Type, By Product, By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027

  • ID: 5387549
  • Report
  • June 2021
  • Region: Global
  • 196 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • Adidas AG
  • Herman Miller, Inc.
  • Hermes International S.A.
  • Lear Corporation
  • Nike, Inc.
  • PUMA SE
  • MORE
The Global Leather Goods Market size is expected to reach $560.5 billion by 2027, rising at a market growth of 9.9% CAGR during the forecast period. Leather goods refer to products that are prepared from material from tanning hides and skin of animals, majorly from cattle. Products such as luggage, footwear, and accessories are some of the prominent products of the leather goods market and these products are sold with the help of offline and online retail stores.

Factors such as increasing disposable income, emerging fashion trends, enhanced living standards, and rising domestic & international tourism has contributed to the growth of this market. Moreover, the growth of the global leather goods market is expected to witness bright prospects due to the aspects like growing demand for convenient, fancy, and fashionable leather apparel, accessories, and footwear, combined with the increasing brand awareness. In modern times, one of the main symbols of style statement and status is the appealing & luxurious leather products. Additionally, the contemporary designs created by renowned global brands such as Dolce & Gabbana, Burberry, Giorgio Armani, and Prada are currently witnessing massive demand, which is expected to eventually augment the demand for different types of leather goods including footwear, apparel, and accessories.


The booming fashion industry has significantly augmented the demand for leather handbags and wallets among the consumers, hence boosting the accessories market around the world. Consumers highly prefer aesthetic aspects, and demand high-quality range goods in order to make a fashion statement. Moreover, the overall leather market is expected to continue to evolve in various emerging and newly industrialized economies, fulfilling the ever-increasing demand in the industrialized world and requirements of the rising middle classes in their own markets. In order to achieve this, the market should provide quality, prevent commoditization, be more creative and manage the different kinds of environmental concerns in a positive manner.

COVID-19 Impact

The outbreak of COVID-19 outbreak resulted in disturbances in the retail sales of leather goods products throughout the year 2020, due to limitations in spending power, closure stores/outlets of exclusive apparel, and prevalent lockdown across the world. The COVID-19 outbreak has adversely impacted the global leather sector which includes apparel, footwear, and accessories segments. Retailers suffered severe losses during the first two quarters of 2020. As per the report by World Footwear, the sales of footwear were decreased by around 32% in the U.S. at the end of the first two quarters of 2020.

Moreover, the sales of leather shoes is expected to be reduced by the decreased demand for footwear. The majority of the makers in the market have for many years dependent on China for final goods and raw materials utilized in the manufacturing of several leather goods. However, the pandemic disturbed the supply chain, thereby bringing massive losses regarding product shipment.



Type Outlook

Based on Type, the market is segmented into Genuine Leather, Synthetic Leather and Vegan Leather. In 2020, the genuine leather segment procured the maximum revenue share of the global leather goods market. Synthetic leather goods are less costly as compared to genuine leather products and are similarly appealing regarding design, which is expected to boost their demand among consumers. Synthetic leather is majorly extracted from artificial sources, like Polyvinyl Chloride (PVC) and Polyurethane (PU).

Product Outlook

Based on Product, the market is segmented into Footwear, Automotive Accessories, Home Décor & Furnishing, Small Leather Goods & Accessories, Apparel, Handbags, and Others. The home décor & furnishing segment is expected to be the fastest-growing segment during the forecast period. The growth of this segment is driven by the rising expenses on home furnishing and renovation. International Monetary Fund revealed that the global housing market has been rising gradually in the last few years. Another crucial element is the housing index, which shows the varying prices of residential properties.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, North America emerged as the leading region of the global leather goods market by acquiring the highest revenue share of the market. The growth of the regional market is expected to be boosted by the increasing prominence of the product along with the growing online sales in this region.


The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Hermes International S.A. and Nike, Inc. are the forerunners in the Leather Goods Market. Companies such as Adidas AG, PUMA SE, and VF Corporation are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adidas AG, Nike, Inc., PUMA SE, Tapestry, Inc., New Balance, Inc. (New Balance Aesthetics, Inc.), Herman Miller, Inc., American Leather Operations, LLC, Lear Corporation, VF Corporation, and Hermes International S.A.

Recent strategies deployed in Leather Goods Market

Partnerships, Collaborations, and Agreements:

Apr-2021: Timberland with its parent company, VF Corporation came into partnership with Terra Genesis International (TGI). This partnership aims to expand Timberland and VF Corporation its growing Regenerative Leather footwear portfolio for spring. In addition, the companies also focus on developing the world’s first regenerative rubber supply system for footwear, with intend to introduce a collection in 2023.

Oct-2020: Adidas came into partnership with Bolt Threads, along with Kering, lululemon, and Stella McCartney. This partnership focused on introducing Mylo, a material made from infinitely renewable mycelium. This material, Mylo, looks and feels like leather, which became a milestone in the industry since global brands come together to heavily invest in material innovation and better & creative solutions to decrease the environmental impact.

Acquisition and Mergers:

Nov-2020: VF Corporation acquired Supreme, a privately-owned global streetwear brand. Under this acquisition, both the companies signed a merger agreement. This acquisition aimed to support VF Corporation’s strategy to further expand its portfolio of brands to support the overall addressable market opportunities that drive the apparel and footwear sector.

Jul-2020: Hermes took over J3L Company, manufacturer of metal parts. This acquisition aimed to develop and manufacture high-end metal parts for various luxury companies and majorly leather goods manufacturers to be scale on handbags, wallets, briefcases, and shoes.

Product Launches and Product Expansions:

Jun-2021: Nike introduced a new sustainable Happy Pineapple trainer collection in collaboration with Piñatex. This collection features five colorful sneakers with classic Nike designs that include the Air Max 95, Air Max 90, and the Air-Zoom Type. In addition, the leather components on the trainers include the new plant-based leather substitute from Pinatex made by Ananas Anam.

Jun-2021: New Balance introduced the most wearable sneakers for the summer. The New Balance CRT300 v2 is a casual court-style sneaker from the Boston-based sportswear giant. The footwear is made with suede & leather uppers in white & tonal gray shades that position on top of the brand’s comfort-focused REVlite midsoles and durable rubber outsoles, both delivered in white.

Apr-2021: Adidas launched Mylo, a material made from mycelium. Mycelium is a substance that is found in the roots of mushrooms. The Stan Smith Mylo shoes contain a natural rubber midsole, where the body of the sneaker is carved by using mushroom leather.

Mar-2021: Hermes introduced the latest version of its Victoria handbag made by utilizing Sylvania. This collaboration is expected to result in the first commercially accessible product utilizing Sylvania, or Fine Mycelium, which is leather made from fast-growing mushroom root systems.

Geographical Expansions:

Jun-2021: Hermes expanded its global footprint by establishing a new production site. This leather goods workshop is located in Seine-et-Marne in Montereau, France, near to the tannery, which the brand bought in 1966. This new production site is the brand’s 18th workshop specified to leather, it also showcases the expertise & proximity of the group’s Ile-de-France craft center, which has 670 artisans.

Mar-2021: Adidas expanded its global footprint by opening a store in Chandigarh, India. This store contains the local flavor of Chandigarh by using its distinctive art-form named Phulkari, which has been used to develop an interesting installation of the brand’s Trefoil logo that becomes the most Instagram’d corner at the store.

Scope of the Study

Market Segments covered in the Report:

By Type
  • Genuine Leather
  • Synthetic Leather
  • Vegan Leather
By End User
  • Footwear
  • Automotive Accessories
  • Home Décor & Furnishing
  • Small Leather Goods & Accessories
  • Apparel
  • Handbags
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • Adidas AG
  • Nike, Inc.
  • PUMA SE
  • Tapestry, Inc.
  • New Balance, Inc. (New Balance Aesthetics, Inc.)
  • Herman Miller, Inc.
  • American Leather Operations, LLC
  • Lear Corporation
  • VF Corporation
  • Hermes International S.A.
Unique Offerings from the Publisher
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
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  • Assured post sales research support with 10% customization free
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Adidas AG
  • Herman Miller, Inc.
  • Hermes International S.A.
  • Lear Corporation
  • Nike, Inc.
  • PUMA SE
  • MORE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Leather Goods Market, by Type
1.4.2 Global Leather Goods Market, by End User
1.4.3 Global Leather Goods Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)

Chapter 4. Global Leather Goods Market by Type
4.1 Global Genuine Leather Market by Region
4.2 Global Synthetic Leather Market by Region
4.3 Global Vegan Leather Market by Region

Chapter 5. Global Leather Goods Market by Product
5.1 Global Footwear Product Market by Region
5.2 Global Automotive Accessories Product Market by Region
5.3 Global Home Décor & Furnishing Product Market by Region
5.4 Global Small Leather Goods & Accessories Product Market by Region
5.5 Global Apparel Product Market by Region
5.6 Global Handbags Product Market by Region
5.7 Global Pet Accessories Market by Region

Chapter 6. Global Leather Goods Market by Region
6.1 North America Leather Goods Market
6.1.1 North America Leather Goods Market by Type
6.1.1.1 North America Genuine Leather Market by Country
6.1.1.2 North America Synthetic Leather Market by Country
6.1.1.3 North America Vegan Leather Market by Country
6.1.2 North America Leather Goods Market by Product
6.1.2.1 North America Footwear Product Market by Country
6.1.2.2 North America Automotive Accessories Product Market by Country
6.1.2.3 North America Home Décor & Furnishing Product Market by Country
6.1.2.4 North America Small Leather Goods & Accessories Product Market by Country
6.1.2.5 North America Apparel Product Market by Country
6.1.2.6 North America Handbags Product Market by Country
6.1.2.7 North America Pet Accessories Market by Country
6.1.3 North America Leather Goods Market by Country
6.1.3.1 US Leather Goods Market
6.1.3.1.1 US Leather Goods Market by Type
6.1.3.1.2 US Leather Goods Market by Product
6.1.3.2 Canada Leather Goods Market
6.1.3.2.1 Canada Leather Goods Market by Type
6.1.3.2.2 Canada Leather Goods Market by Product
6.1.3.3 Mexico Leather Goods Market
6.1.3.3.1 Mexico Leather Goods Market by Type
6.1.3.3.2 Mexico Leather Goods Market by Product
6.1.3.4 Rest of North America Leather Goods Market
6.1.3.4.1 Rest of North America Leather Goods Market by Type
6.1.3.4.2 Rest of North America Leather Goods Market by Product
6.2 Europe Leather Goods Market
6.2.1 Europe Leather Goods Market by Type
6.2.1.1 Europe Genuine Leather Market by Country
6.2.1.2 Europe Synthetic Leather Market by Country
6.2.1.3 Europe Vegan Leather Market by Country
6.2.2 Europe Leather Goods Market by Product
6.2.2.1 Europe Footwear Product Market by Country
6.2.2.2 Europe Automotive Accessories Product Market by Country
6.2.2.3 Europe Home Décor & Furnishing Product Market by Country
6.2.2.4 Europe Small Leather Goods & Accessories Product Market by Country
6.2.2.5 Europe Apparel Product Market by Country
6.2.2.6 Europe Handbags Product Market by Country
6.2.2.7 Europe Pet Accessories Market by Country
6.2.3 Europe Leather Goods Market by Country
6.2.3.1 Germany Leather Goods Market
6.2.3.1.1 Germany Leather Goods Market by Type
6.2.3.1.2 Germany Leather Goods Market by Product
6.2.3.2 UK Leather Goods Market
6.2.3.2.1 UK Leather Goods Market by Type
6.2.3.2.2 UK Leather Goods Market by Product
6.2.3.3 France Leather Goods Market
6.2.3.3.1 France Leather Goods Market by Type
6.2.3.3.2 France Leather Goods Market by Product
6.2.3.4 Russia Leather Goods Market
6.2.3.4.1 Russia Leather Goods Market by Type
6.2.3.4.2 Russia Leather Goods Market by Product
6.2.3.5 Spain Leather Goods Market
6.2.3.5.1 Spain Leather Goods Market by Type
6.2.3.5.2 Spain Leather Goods Market by Product
6.2.3.6 Italy Leather Goods Market
6.2.3.6.1 Italy Leather Goods Market by Type
6.2.3.6.2 Italy Leather Goods Market by Product
6.2.3.7 Rest of Europe Leather Goods Market
6.2.3.7.1 Rest of Europe Leather Goods Market by Type
6.2.3.7.2 Rest of Europe Leather Goods Market by Product
6.3 Asia Pacific Leather Goods Market
6.3.1 Asia Pacific Leather Goods Market by Type
6.3.1.1 Asia Pacific Genuine Leather Market by Country
6.3.1.2 Asia Pacific Synthetic Leather Market by Country
6.3.1.3 Asia Pacific Vegan Leather Market by Country
6.3.2 Asia Pacific Leather Goods Market by Product
6.3.2.1 Asia Pacific Footwear Product Market by Country
6.3.2.2 Asia Pacific Automotive Accessories Product Market by Country
6.3.2.3 Asia Pacific Home Décor & Furnishing Product Market by Country
6.3.2.4 Asia Pacific Small Leather Goods & Accessories Product Market by Country
6.3.2.5 Asia Pacific Apparel Product Market by Country
6.3.2.6 Asia Pacific Handbags Product Market by Country
6.3.2.7 Asia Pacific Pet Accessories Market by Country
6.3.3 Asia Pacific Leather Goods Market by Country
6.3.3.1 China Leather Goods Market
6.3.3.1.1 China Leather Goods Market by Type
6.3.3.1.2 China Leather Goods Market by Product
6.3.3.2 Japan Leather Goods Market
6.3.3.2.1 Japan Leather Goods Market by Type
6.3.3.2.2 Japan Leather Goods Market by Product
6.3.3.3 India Leather Goods Market
6.3.3.3.1 India Leather Goods Market by Type
6.3.3.3.2 India Leather Goods Market by Product
6.3.3.4 South Korea Leather Goods Market
6.3.3.4.1 South Korea Leather Goods Market by Type
6.3.3.4.2 South Korea Leather Goods Market by Product
6.3.3.5 Singapore Leather Goods Market
6.3.3.5.1 Singapore Leather Goods Market by Type
6.3.3.5.2 Singapore Leather Goods Market by Product
6.3.3.6 Malaysia Leather Goods Market
6.3.3.6.1 Malaysia Leather Goods Market by Type
6.3.3.6.2 Malaysia Leather Goods Market by Product
6.3.3.7 Rest of Asia Pacific Leather Goods Market
6.3.3.7.1 Rest of Asia Pacific Leather Goods Market by Type
6.3.3.7.2 Rest of Asia Pacific Leather Goods Market by Product
6.4 LAMEA Leather Goods Market
6.4.1 LAMEA Leather Goods Market by Type
6.4.1.1 LAMEA Genuine Leather Market by Country
6.4.1.2 LAMEA Synthetic Leather Market by Country
6.4.1.3 LAMEA Vegan Leather Market by Country
6.4.2 LAMEA Leather Goods Market by Product
6.4.2.1 LAMEA Footwear Product Market by Country
6.4.2.2 LAMEA Automotive Accessories Product Market by Country
6.4.2.3 LAMEA Home Décor & Furnishing Product Market by Country
6.4.2.4 LAMEA Small Leather Goods & Accessories Product Market by Country
6.4.2.5 LAMEA Apparel Product Market by Country
6.4.2.6 LAMEA Handbags Product Market by Country
6.4.2.7 LAMEA Pet Accessories Market by Country
6.4.3 LAMEA Leather Goods Market by Country
6.4.3.1 Brazil Leather Goods Market
6.4.3.1.1 Brazil Leather Goods Market by Type
6.4.3.1.2 Brazil Leather Goods Market by Product
6.4.3.2 Argentina Leather Goods Market
6.4.3.2.1 Argentina Leather Goods Market by Type
6.4.3.2.2 Argentina Leather Goods Market by Product
6.4.3.3 UAE Leather Goods Market
6.4.3.3.1 UAE Leather Goods Market by Type
6.4.3.3.2 UAE Leather Goods Market by Product
6.4.3.4 Saudi Arabia Leather Goods Market
6.4.3.4.1 Saudi Arabia Leather Goods Market by Type
6.4.3.4.2 Saudi Arabia Leather Goods Market by Product
6.4.3.5 South Africa Leather Goods Market
6.4.3.5.1 South Africa Leather Goods Market by Type
6.4.3.5.2 South Africa Leather Goods Market by Product
6.4.3.6 Nigeria Leather Goods Market
6.4.3.6.1 Nigeria Leather Goods Market by Type
6.4.3.6.2 Nigeria Leather Goods Market by Product
6.4.3.7 Rest of LAMEA Leather Goods Market
6.4.3.7.1 Rest of LAMEA Leather Goods Market by Type
6.4.3.7.2 Rest of LAMEA Leather Goods Market by Product

Chapter 7. Company Profiles
7.1 Adidas AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Geographical Expansions:
7.2 Nike, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.1 Recent strategies and developments:
7.2.1.1 Partnerships, Collaborations, and Agreements:
7.2.1.2 Product Launches and Product Expansions:
7.3 PUMA SE
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Tapestry, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.5 New Balance, Inc. (New Balance Aesthetics, Inc.)
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Product Launches and Product Expansions:
7.6 Herman Miller, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 American Leather Operations, LLC
7.7.1 Company Overview
7.8 Lear Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.9 VF Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.9.4.2 Acquisition and Mergers:
7.10. Hermes International S.A.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Recent strategies and developments:
7.10.4.1 Product Launches and Product Expansions:
7.10.4.2 Geographical Expansions:
7.10.4.3 Acquisition and Mergers:
Note: Product cover images may vary from those shown
  • Adidas AG
  • Nike, Inc.
  • PUMA SE
  • Tapestry, Inc.
  • New Balance, Inc. (New Balance Aesthetics, Inc.)
  • Herman Miller, Inc.
  • American Leather Operations, LLC
  • Lear Corporation
  • VF Corporation
  • Hermes International S.A.
Note: Product cover images may vary from those shown

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