Middle East & Africa Leather Goods Market Outlook, 2028

Middle East & Africa Leather Goods Market Outlook, 2028

In the Middle East & Africa region, the rising disposable income of consumers has resulted in a growing demand for luxury leather goods. As consumers have more disposable income, they are willing to spend more on high-quality, premium leather products. The Middle East & Africa has a young and growing population, with a large number of millennials who are interested in fashion and luxury products. This demographic trend is expected to drive demand for leather goods in the coming years. Moreover, leather products are known for their durability, strength, and natural properties. As consumers in the MEA region become more aware of the health benefits of leather products, the demand for leather goods is expected to rise. In addition, the Middle East & Africa is known for its rich history and cultural heritage, which attracts a large number of tourists every year. As a result, there is a growing demand for high-quality leather goods from tourists, particularly in popular tourist destinations such as Dubai. Furthermore, technology is being increasingly used in the leather goods industry, from the use of 3D printing for prototyping to the integration of smart features such as RFID tags and GPS tracking in luxury leather products. Furthermore, the Middle East and Africa is a popular tourist destination, resulting in a growing demand for leather travel accessories such as luggage, passport holders, and travel wallets. Leather goods brands are responding by creating products that cater specifically to the travel market.

According to the research report, ""Middle East and Africa Leather Goods Market Outlook, 2028,"" published by Bonafide Research, the market is anticipated to cross USD 27.87 Billion by 2028. With the rise of the Internet of Things (IoT), leather goods manufacturers are developing smart products that can communicate with other devices. For instance, a smart bag could alert the owner when it is opened or closed or provide information about its location. Furthermore, digital printing technology is being used by some leather goods manufacturers to create unique designs and patterns on leather products. This trend allows manufacturers to offer a wider variety of designs and colours while also reducing waste and minimizing the environmental impact of the printing process. Moreover, exotic leathers such as crocodile and alligator are popular in the Middle East and Africa due to their unique textures and patterns. Furthermore, nubuck leather is a type of top-grain leather that has been buffed to create a soft, velvety surface. It is often used for high-end shoes and bags. Furthermore, suede leather is another popular choice for shoes and bags in the Middle East and Africa. It has a soft, velvety texture and is often used for casual, bohemian-inspired styles. In addition, during religious holidays like Eid in the Middle East, there is usually a surge in demand for leather goods, especially luxury products. Additionally, during events like the Dubai Shopping Festival, which is held annually, there is a rise in demand for leather products as retailers offer attractive discounts and promotions.

The United Arab Emirates is a major market for luxury goods, including leather goods. The country has a large expat population and attracts many tourists, making it a key market for international luxury brands. Dubai, in particular, is known for its high-end shopping malls and luxury boutiques. In recent years, there has been a growing trend towards sustainable and eco-friendly leather products in the UAE, driven by consumer demand for more ethical and environmentally conscious goods. Furthermore, the use of camel leather is particularly popular in Saudi Arabia, with the material known for its durability and ability to withstand extreme temperatures. Moreover, the city of Riyadh is known for its leather production, and many local businesses specialize in the production of leather goods, including bags, shoes, and jackets. In addition, South Africa has well-known leather goods brands, including Cape Cobra Leathercraft, which produces luxury leather products using exotic animal skins such as ostrich and crocodile.

The Middle East and Africa leather goods market is dominated by the genuine leather segment, which has the highest market share. The Middle East and Africa are known for their hot and arid climates, which can be harsh on synthetic materials. Genuine leather, on the other hand, is known for its durability and ability to withstand extreme conditions, making it a popular choice for products such as footwear and bags. Furthermore, The Middle East and Africa are home to several countries that are major producers of raw materials such as cattle hides, sheepskins, and goat skins, which are used in the production of genuine leather. This results in a steady supply of high-quality raw materials, which in turn drives the production of genuine leather products. In addition, based on product type the market is divided into footwear, handbags, small leather goods and accessories, apparel, home decor and furnishing, pet accessories, automotive accessories, luggage, and bags. In 2022, the footwear segment will have the largest market share. Major competitors such as Reebok, Adidas, and Nike are producing athletic shoes as the demand for such footwear has increased significantly. In addition, the handbag segment is expected to grow at a highest CAGR during the forecast period. The handbag segment is largely driven by fashion trends, with consumers seeking products that are both stylish and functional. However, Specialty stores often have a wider range of leather goods than other retail channels, including high-end and luxury products. This makes them a popular choice for consumers looking for a specific type or style of leather goods product. For instance, specialty stores for leather goods in the Middle East and Africa like the Dubai Mall, Souq Waqif, Cairo Festival City Mall, Sandton City, and more.

In the Middle East and Africa, events and exhibitions that focus on leather goods include The Dubai Leather Fair is an annual event that takes place in Dubai, UAE, and showcases the latest trends and innovations in the leather industry. The event features exhibitors from around the world and attracts a large number of visitors, including manufacturers, designers, and industry professionals. Furthermore, the International Shoes & Leather Exhibition is an annual exhibition that takes place in Tehran, Iran, and focuses on the footwear and leather industries in Iran and the Middle East. The event includes a dedicated section for leather goods and attracts a mix of exhibitors and visitors from across the region. Moreover, the Africa Leather and Leather Products Institute (ALLPI) Conference is an annual conference that takes place in different countries across Africa and focuses on the development of the leather industry in Africa. The event includes seminars, workshops, and networking opportunities for industry professionals. However, the availability of raw materials such as animal hides and skins is a major constraint for the leather industry in the region. This is due to factors such as insufficient breeding, poor animal welfare, and inadequate transportation facilities, which limit the supply of raw materials. Furthermore, synthetic materials such as polyurethane and PVC are increasingly used as substitutes for leather due to their low cost and versatility. This has reduced the demand for leather products, leading to a decline in the industry's growth. Moreover, the leather industry in the region faces barriers to entry into international markets, including high tariffs and non-tariff barriers. This limits the industry's ability to expand its customer base and generate additional revenue.

Major Companies present in the market:
Adidas AG, Nike, Inc, Puma SE, FILA Holdings Corporation, MillerKnoll Inc ( Formerly Herman Miller Inc), Hermès International S.A., LVMH Moët Hennessy Louis Vuitton, Samsonite International S.A., New Balance Athletics, Inc., Prada S.p.A., Kering SA , Skechers Inc., Capri Holdings Limited, Ralph Lauren Corporation, Compagnie Financière Richemont S.A.

Considered in this report
• Geography: Middle East & Africa
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Middle East & Africa 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 goods
• Synthetic Leather goods

By Product Type
• 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 (General retail, B2B, discount stores, flea markets, and specialty boutiques)

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 listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report 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 conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to 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.