Straits Research, a leader in market analysis and research, has recently published its comprehensive Leather Goods Market Report, revealing substantial growth opportunities in the global leather goods industry. The report covers a wide range of important insights, including market size, segments, key players, emerging prospects, and geographic analysis.
Leather Goods Market Size
The global Leather Goods Market was valued at USD 247.90 Billion in 2023 and is projected to grow at a notable pace over the next decade. By 2024, the market is expected to reach USD 253.6 Billion and further expand to USD 304.19 Billion by 2032. The market is forecasted to grow at a compound annual growth rate (CAGR) of 6.2% during the period between 2024 and 2032. This significant growth can be attributed to various economic factors, evolving consumer preferences, and the expanding demand for premium, stylish, and durable leather products globally.
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Leather Goods Market Segment Breakdown
By Leather Type:
- Full Grain Leather
- Split Grain Leather
- Genuine Leather
- Faux Leather
- Bonded Leather
By Product:
- Footwear
- Handbags
- Apparel
- Luggage
- Wallets
- Belts
- Other Leather Goods
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Top Performing Companies in the Leather Goods Market
- LVMH
- Kering
- Tapestry
- Hermès
- Burberry
- Prada Group
- Richemont Group
- Belle
- Natuzzi
- Hugo Boss
- Salvatore Ferragamo
- CHANEL
- AoKang
- Red Dragonfly
- Fossil Group
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Leather Goods Market Data Insights
Straits Research’s report offers valuable data insights into the global Leather Goods Market, highlighting key trends and projections. It sheds light on consumer behavior, market dynamics, growth drivers, challenges, and opportunities, providing a holistic view of the industry. The report is essential for businesses and stakeholders aiming to understand the current landscape and capitalize on emerging trends.
With a forecasted CAGR of 6.2%, the leather goods industry is on track for impressive growth, driven by technological advancements, shifting consumer demands, and increasing global trade. Straits Research’s detailed market analysis offers essential insights for companies and investors looking to tap into the promising opportunities in the leather goods market.
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