Canada Leather Goods Market Overview, 2028

Canada Leather Goods Market Overview, 2028

Canada has a strong tradition of indigenous leatherworking. Indigenous communities across Canada have a long history of using leather for practical and decorative purposes. Today, many indigenous artists and designers continue to incorporate leather into their work, creating unique and highly sought-after pieces. Canada produces some of the world's highest quality leather. Canada's harsh climate and rugged landscapes have helped to produce some of the world's highest quality leather. The country's tanneries and leather goods manufacturers are known for their attention to detail and commitment to quality, making Canadian leather goods highly valued around the region. The leather goods industry is a major contributor to the Canadian economy. The industry employs thousands of people across Canada and contributes billions of dollars to the country's economy each year. Many of Canada's top leather goods manufacturers are based in Quebec, Ontario, and British Columbia. Leather is not just a by-product of the meat industry; while it's true that many hides come from animals that are also used for meat production, some leather is sourced from animals that are specifically raised for their hides. This includes animals like ostriches, which are farmed for their exotic leather. Canada has a strong agricultural industry, which provides a steady supply of high-quality hides and other raw materials for the leather goods industry. In addition, the country's fur industry is an important source of materials for certain types of leather products.

According to the research report ""Canada Leather Goods Market Overview, 2028,"" published by Bonafide Research, the Canadian leather goods market was valued at more than USD 8 Billion in 2022. Canada has a highly skilled workforce with a strong tradition of craftsmanship and attention to detail. Many leather goods manufacturers in Canada prioritise quality and craftsmanship, which has helped to establish a strong reputation for Canadian-made leather products. Canadian leather goods manufacturers are constantly innovating and adapting to changing consumer preferences and market trends. This includes incorporating new technologies and materials into their products as well as experimenting with new designs and styles. Based on the leather types, there are genuine leather and synthetic leather. In Canada, genuine leather has the highest market share. Canada has abundant supplies of high-quality hides and furs, which are used to produce genuine leather products. These raw materials are carefully sourced and processed to produce leather that is durable, strong, and has a high aesthetic value. Canadian consumers are increasingly demanding high-quality, durable, and environmentally friendly products. Genuine leather meets these demands as it is a durable, long-lasting material that can be easily repaired and maintained. Additionally, many consumers are attracted to the natural look and feel of genuine leather, which adds to its appeal. In the future, synthetic leather will grow at the highest CAGR rate.

In Canada, there are many opportunities and challenges for the leather goods market. Synthetic materials are becoming increasingly popular as they are often cheaper and more readily available than genuine leather. This presents a challenge for leather goods manufacturers, who need to find ways to compete with these synthetic materials. The cost of raw materials, such as hides and furs, can be volatile and impact the profitability of leather goods manufacturers. The leather goods market in Canada is highly competitive, with many players vying for market share. This presents a challenge for new entrants to the market, as they need to find ways to differentiate themselves from established players. Consumer preferences are constantly evolving, which presents a challenge for leather goods manufacturers who need to adapt to changing trends and preferences in order to remain relevant and competitive. As well as the opportunity, the e-commerce industry in Canada is growing rapidly, which provides an opportunity for leather goods manufacturers to expand their reach and sell their products online. Canadian leather goods manufacturers have a strong reputation for quality and craftsmanship, which presents an opportunity to expand into new global markets and take advantage of rising demand for high-quality products. Many consumers in Canada are looking for unique and personalised products. This presents an opportunity for leather goods manufacturers to offer custom-made products that cater to individual customer preferences.

Based on the report, the types of leather goods products include footwear, handbags, small leather goods and accessories, apparel, home décor and furnishing, pet accessories, automotive accessories, and luggage bags. The footwear industry dominates the leather goods market in Canada. The seasonal trends for leather footwear in Canada can vary depending on the region and climate. In the winter months, when temperatures drop and snowfall is common, leather boots are a popular choice for both men and women. Waterproof and insulated leather boots are particularly popular, as they keep feet warm and dry in the cold and wet weather. As temperatures start to warm up in the spring, leather sandals and loafers become popular choices for consumers. In the summer months, when temperatures are at their highest, leather sandals and flip-flops are popular choices. These shoes are comfortable and provide good ventilation for the feet. Based on the distribution channel segments, these include specialty stores, supermarkets and hypermarkets, brand outlets, online stores, and others. Specialty stores are leading the leather goods market in Canada. Some of the top specialty stores are Roots, Poppy Barley, Saddleback Leather Co., The Fossil Group, and Danier Leather. In Canada, the top local manufacturers of leather goods are Kodiak Leather Goods, Tanner Goods, Brave Leather, Inland Leather Company, and Eleven Thirty.

Considered in this report
• Geography: Canada
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Canada Leather Goods market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Genuine Leather
• Synthetic Leather

By Product
• Footwear
• Handbags
• Small Leather Goods/ Accessories
• Apparel
• Home Décor and Furnishing
• Pet Accessories
• Automotive Accessories
• Luggage & bags

By Distribution Channel
• Speciality Store
• Supermarkets and Hypermarkets
• Brand Outlets
• Online Stores
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Leather Goods industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.