South Africa Leather Goods Market Overview, 2028

South Africa Leather Goods Market Overview, 2028

The market of leather goods in South Africa is driven by consumer preference towards branded goods. Addtionally, rising tourism industry and demand for stylish, comfortable and fashionable leather goods are all expected to have a positive effect on the market. The demand for sustainable goods has increased as people are becoming more aware of the negative consequences of unethical activities in the making of leather goods. Nowadays consumers are shifting towards branded products as they prefer to purchase quality based as well log-lasting products. Moreover, the wide presence of brands on social media platforms is helping increasing the market growth. Furthermore, the promotion of clothing brands made from leather on social media, television and magazines is growing, hence, attracting more consumers to purchase leather products, which has led to expansion in the market growth in the country. The trend of customization is gaining popularity in South Africa, and this presents an opportunity for leather goods manufacturers to offer personalised products to customers. There is a growing fashion consciousness among South African consumers, and they are willing to pay a premium for trendy and fashionable leather goods.

According to the research report ""South Africa Leather Goods Market Overview, 2028,"" published by Bonafide Research, the South Africa Leather Goods Market is expected to reach more than USD 7 billion by 2028. With a growing middle class in South Africa, 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 South Africa as consumers seek unique and personalised products. There has been a focus on innovation in design and materials in the leather goods market in South Africa, with designers experimenting with new materials and techniques to create unique and innovative products. Based on type the market is segmented into genuine leather and synthetic leather. The genuine leather holds the highest market share of the market and is dominating the market as well. The synthetic leather is expected to grow with highest CAGR. Synthetic leather is frequently more resilient and resistant to wear and tear than traditional leather. It is also simpler to clean and preserve, making it a popular choice for products such as bags, shoes, and coats. Furthermore, as consumers become more aware of the environmental impact of their purchasing decisions, there is a growing demand for eco-friendly products. Because it is produced without the use of animal hides, synthetic leather is often considered more sustainable than traditional leather. Synthetic leather is often less expensive than real leather, making it an appealing option for consumers seeking the look and feel of leather at a cheaper price point.

Based on product, the market is divided into footwear, handbags, Small Leather Goods/ Accessories Apparel, Home Décor and Furnishing Pet Accessories, Automotive Accessories, luggage & bags. Among them the handbags is expected to grow with highest period during the anticipated period. High-end leather handbags are renowned for their enduring usefulness and toughness. Consumers in South Africa are prepared to spend money on premium handbags made of durable materials and designed to last for many years. Handbags are adaptable accessories that can be worn for a variety of purposes, from accessorising formal outfits to carrying daily necessities. This adaptability has helped handbags maintain their popularity among consumers, leading to a broad variety of purse styles and sizes on the market. With numerous compartments and pockets for storing and organising personal items, handbags are designed to be functional. Based on the research, the market is divided into speciality stores, supermarkets and hypermarkets, brand outlets, and online stores, depending on the distribution channel. The market is dominated by specialty stores, which have the largest market share. Specialty stores often specialise in one or two types of leather items, such as footwear, handbags, or jackets. This concentration enables them to establish a high level of product understanding, allowing them to provide professional advice and help to customers when making a purchase. Furthermore, compared to general retailers, specialty stores frequently offer a broader range of products within their category. Customers can then find exactly what they're seeking and explore new product possibilities within their sector of interest.

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

Aspects covered in this report
• South 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
• 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.