Global Leather Goods Market Size study & Forecast, by Type (Genuine Leather, Synthetic Leather, Vegan Leather) by Product (Handbags, Small Leather Goods, Apparels, Footwear, Home Décor & Furnishing, Pet Accessories, Automotive Accessories) and Regional An

Global Leather Goods Market Size study & Forecast, by Type (Genuine Leather, Synthetic Leather, Vegan Leather) by Product (Handbags, Small Leather Goods, Apparels, Footwear, Home Décor & Furnishing, Pet Accessories, Automotive Accessories) and Regional Analysis, 2023-2030

Global Leather Goods Market is valued approximately at USD 242.85 billion in 2022 and is anticipated to grow with a growth rate of more than 6.6% over the forecast period 2023-2030. Leather goods refer to products made from leather, which is a durable and flexible material created by tanning animal rawhide and skins. Leather goods are known for their quality, longevity, and aesthetic appeal. They can be crafted into a wide range of products, including – Apparels, Handbags, Small Leather Goods and More. Growing disposable income, higher living standards, evolving fashion trends, and an increase in both domestic and foreign travel are the main factors driving the market. The market for leather goods is anticipated to benefit from expanding brand awareness and the growing desire for stylish, comfortable, and expensive leather clothing, accessories, and footwear.

Fashion shows and events acts as a platform for designers all around the world to present their latest creations, which draws more customers to leather clothes.. For example, the Forever Leather Fashion show took place in Shanghai, China, in September 2020. A wide selection of leather goods was on display at the show, such as travel bags, duffel bags, ankle boots, leather sneakers, and cross-stitched trench coats. These events bring many leather customers, producers, and designers from many provinces together. For Instance: Adidas AG announced the release of their new line of vegan leather Stan Smith trainers in April 2021. These shoes were made with a substance derived from mushrooms. In order to meet the market's growing demand for sustainable products, the company's broader sustainability aims include this new unveiling as a key component. However, the Stringent regulations against the production and use of natural leather stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Leather Goods Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2022, Asia Pacific dominated the global market and is also expected to grow with fastest CAGR during the forecast period. The growing demand for high-end and luxury goods is propelling the Asia Pacific regional market, which is led by nations such as China and India. Asia's main suppliers of basic leather, or raw material, are Bangladesh and Pakistan.

Major market player included in this report are:
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

Recent Developments in the Market:
 In January 2021, As part of its commitment to sustainability, Adidas AG announced the introduction of a new range of footwear constructed from mushroom leather. To produce plant-based, vegan leather footwear, the company teamed up with Stella McCartney, lululemon, and biotech startup Bolt Threads.
 In July 2022, Nike unveiled five new trainers: the Air Force 1 Low '07' 'Fresh, the Air Max 97 Coconut Milk and Black, and the Air Trainer 1 'Midnight Navy'. These are made of fine leather among other materials.

Global Leather Goods Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Product, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Genuine Leather
Synthetic Leather
Vegan Leather

By Product:
Handbags
Small Leather Goods
Apparels
Footwear
Home Décor & Furnishing
Pet Accessories
Automotive Accessories

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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