The North America Leather Goods Market is expected to witness market growth of 9.1% CAGR during the forecast period (2021-2027).
Trolley bags and suitcases utilized for carrying personal belongings fall under the ambit of leather luggage while products such as purses, handbags, wallets & belts, footwear, and others fall under the leather goods segment. Leading companies operating in the market are constantly introducing innovative and stylish leather goods with an aim to align with the changing demands of consumers. Moreover, consumers feel comfortable and easy while traveling with fashionable and compact luggage products that are launched and offered by market players. Higher per capita income motivates consumers to choose high-end and high-quality leather products.
Leather fashion accessories are considered as products that are made of leather that is commonly worn with or supplementary to other clothing products. They generally have a functional as well as an aesthetic value. Leather accessories also generally have a longer life-cycle as compared to garments and non-leather fashion accessories, particularly regarding product categories such as exclusive products that have gained traction in the last few years. The rising segments of leather fashion accessories product categories involve carrying products, gloves & mitts, belts, and other accessories.
The USA is an region that has been supported by big export volumes of bovine wet blue. In addition to it, the USA has been popular as being a major manufacturer of upholstery leather, which is expected to augment the already high demand & growth of leather goods across this region. Moreover, the demand for leather goods is supported by the massive demand for automotive leather upholstery affected by issues confronted by the three major US car manufacturers.
Moreover, the presence of leading market players in this region is expected to support the growth of the regional leather goods market in the next few years. Moreover, the growing demand for fashionable products made of leathers among the consumers is also boosting the growth of the market. In the USA, the growth of skinning machines for abattoirs assumed a crucial role in the usage of pigskin as raw material for the leather industry.
The US market dominated the North America Synthetic Leather Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $42,058.3 million by 2027. The Canada market is experiencing a CAGR of 12.3% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 11.3% during (2021 - 2027).
Based on Type, the market is segmented into Genuine Leather, Synthetic Leather and Vegan Leather. Based on Product, the market is segmented into Footwear, Automotive Accessories, Home Décor & Furnishing, Small Leather Goods & Accessories, Apparel, Handbags, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments covered in the Report:
By Type
By End User
By Country
Companies Profiled
Unique Offerings from the Publisher
Trolley bags and suitcases utilized for carrying personal belongings fall under the ambit of leather luggage while products such as purses, handbags, wallets & belts, footwear, and others fall under the leather goods segment. Leading companies operating in the market are constantly introducing innovative and stylish leather goods with an aim to align with the changing demands of consumers. Moreover, consumers feel comfortable and easy while traveling with fashionable and compact luggage products that are launched and offered by market players. Higher per capita income motivates consumers to choose high-end and high-quality leather products.
Leather fashion accessories are considered as products that are made of leather that is commonly worn with or supplementary to other clothing products. They generally have a functional as well as an aesthetic value. Leather accessories also generally have a longer life-cycle as compared to garments and non-leather fashion accessories, particularly regarding product categories such as exclusive products that have gained traction in the last few years. The rising segments of leather fashion accessories product categories involve carrying products, gloves & mitts, belts, and other accessories.
The USA is an region that has been supported by big export volumes of bovine wet blue. In addition to it, the USA has been popular as being a major manufacturer of upholstery leather, which is expected to augment the already high demand & growth of leather goods across this region. Moreover, the demand for leather goods is supported by the massive demand for automotive leather upholstery affected by issues confronted by the three major US car manufacturers.
Moreover, the presence of leading market players in this region is expected to support the growth of the regional leather goods market in the next few years. Moreover, the growing demand for fashionable products made of leathers among the consumers is also boosting the growth of the market. In the USA, the growth of skinning machines for abattoirs assumed a crucial role in the usage of pigskin as raw material for the leather industry.
The US market dominated the North America Synthetic Leather Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $42,058.3 million by 2027. The Canada market is experiencing a CAGR of 12.3% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 11.3% during (2021 - 2027).
Based on Type, the market is segmented into Genuine Leather, Synthetic Leather and Vegan Leather. Based on Product, the market is segmented into Footwear, Automotive Accessories, Home Décor & Furnishing, Small Leather Goods & Accessories, Apparel, Handbags, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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.
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 Country
- US
- Canada
- Mexico
- Rest of North America
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
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Leather Goods Market by Type
Chapter 5. North America Leather Goods Market by Product
Chapter 6. North America Leather Goods Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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.
Methodology
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