China Leather Goods Market Overview, 2028

China Leather Goods Market Overview, 2028

China's economic growth is a huge driver of the luxury goods market, and demand for high-quality products rises. More young generations are purchasing fashion, and the importance of social media for customers has grown as their tastes have expressed themselves through the purchase of high-end leather items. Currently, Chinese customers purchasing fashion leather goods are between the ages of 18 and 24, followed by working-class women between the ages of 25 and 34, who have higher buyer power on average. Some people buy fashion and luxury bags to express their fashion sense, as a gift reward, or because they prefer certain brands, designers, quality goods, and so on. China's leather industry has faced criticism for its environmental impact, as the leather production process is resource-intensive and generates pollutants. The Chinese government has implemented regulations to improve environmental standards in the industry. The trend of customization is gaining popularity in China, and this presents an opportunity for leather goods manufacturers to offer personalised products to customers. There is a growing fashion consciousness among Chinese consumers, and they are willing to pay a premium for trendy and fashionable leather goods.

According to the research report ""China Leather Goods Market Overview, 2028,"" published by Bonafide Research, the China leather goods market was valued at above USD 27 Billion in 2022. With a growing middle class in China, there has been an increasing demand for luxury leather goods such as handbags, wallets, and shoes. Customization and personalization have become increasingly popular in the leather goods market in China as consumers seek unique and personalised products. There has been a focus on innovation in design and materials in the leather goods market in China, with designers experimenting with new materials and techniques to create unique and innovative products. Based on the product types, they include footwear, handbags, small leather goods and accessories, apparel, home décor and furnishing, pet accessories, automotive accessories, and luggage bags. In China, footwear has the highest market share. In the footwear category, in terms of the factors that influence the selection of leather shoes, men in China prefer traditional designs as a formal and professional expression. Women prefer to buy new and trendy designs. In general, the leather shoe segment is the fastest-growing segment in the footwear category in China. In the future, the leather bag will grow at the highest CAGR rate. Mini and micro bags are becoming increasingly popular in China. These small bags are stylish and versatile, and they are perfect for carrying just the essentials. While classic colours like black and brown are still popular, there is a growing trend for leather bags in bold colours and prints, such as bright red, neon green, and animal prints. Some brands in China are incorporating technology into their leather bags, such as adding charging ports for smartphones or incorporating smart tracking features to help consumers keep track of their bags.

There are several leather trade shows and exhibitions held in China that showcase the latest trends and innovations in the leather goods industry. All The China Leather Exhibition (ACLE) is the largest leather exhibition in China and one of the most important in the world. It is held annually in Shanghai and attracts exhibitors and visitors from all over the globe. The China International Footwear Fair (CIFF) is an exhibition dedicated to footwear and is held twice a year in Guangzhou. It showcases the latest trends in footwear design and technology. The China International Leather Fair (CILF) is an exhibition held annually in Guangzhou and is focused on leather and leather products. It features exhibitors from across the globe and attracts a large number of visitors from China and other countries. The China International Bag Expo (CIBE) is an exhibition dedicated to bags and is held annually in Shanghai. It features a wide range of bag designs and styles, from luxury brands to everyday bags. These exhibitions provide an excellent platform for manufacturers, suppliers, and buyers to network, explore new opportunities, and keep up with the latest trends in the leather goods industry in China.

Based on the report, the leather types include genuine leather and synthetic leather. In China, genuine leather is leading the leather market. The Chinese government has implemented policies to promote the use of genuine leather in order to improve the quality of leather products and protect consumers from low-quality or fake leather goods. All these factors contribute to the popularity and dominance of genuine leather in the Chinese market. Additionally, there has been a growing interest in vintage or retro-style leather products in China, especially among younger consumers. This trend is driven by a desire for unique and fashionable products that have timeless appeal. Based on the distribution channel, it includes specialty stores, supermarkets and hypermarkets, brand outlets, online stores, and others. Currently, in China, specialty stores have the largest market shares. There are top specialty stores that offer leather goods products in the country; Baoxiniao Leather, HLA Leather, Zhejiang Huangyan Leather, Bosideng Leather, and MCM Leather. In China, the top local manufacturers of leather products are Fuguiniao Leather, Guangzhou Weixiong Leather, Sunlik Leather, Guangzhou Jinlizi Leather, and Guangzhou Lixin Leather.

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

Aspects covered in this report
• China 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.