Market Outlook

According to Future Market Consulting analysis, Global Leather Goods Market size was valued at USD 407.95 Billion in 2021 and is projected to reach USD 789.72 Billion by 2030, growing at a CAGR of 8.04 % from 2022 to 2030.

Given its outstanding durability and comfort, leather has been a preferred material for goods such as shoes, furniture, clothing, and others. The sector has more expanded into accessories like wallets, belts, handbags, and other products. The development of the leather fabric is growing as a result of its increased use in manufacturing saddles, shoes, and furniture for decades. Modern technology has also made it possible to innovate, leading to improvements in chemicals and sophisticated methods of treating leather, for example. As a result, leather made from animal hides and skins remains to be a premium material of preference in all industries.

In recent years, consumer awareness of cruelty-free and environmentally friendly goods has skyrocketed. Customers are becoming more aware when buying products made from animals or that may have harmed animals during the creation of various goods as a result. The development of synthetic leather is also being fueled by the variety of uses for it in the clothing, furniture, and automotive industries. Additionally, vegan material is mechanically produced from leftovers from the food business, including apple leather, mushroom leather, and more. These alternatives have a smooth finish and are durable thanks to the mixture of PU based coating, making them ideal for footwear and clothing production. There have been more brand releases and new products for the product, which has increased demand. In order to further support product innovations, market participants are also funding companies that produce leather in a lab. There have been more brand releases and new products for the product, which has increased demand. In order to further support product innovations, market participants are also funding companies that produce leather in a lab.

Key Players

• 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
• Woodland Worldwide
• Hermès International S.A.
• Louis Vuitton Malletier
• VF Corp.
• COLLAR Company
• LUCRIN Geneva
• Nappa Dori
• Saddles India Pvt. Ltd.
• Lear Corp.

Segmentation

By Leather Type

• Genuine
• Vegan
• Synthetic

By Product Type

• Handbags
• Small Leather Goods/ Accessories
• Apparel
• Footwear
• Home Décor and Furnishing
• Pet Accessories
• Automotive Accessories

By Sales Channel

• Online Store
• Offline Store

By Region

North America

• S.
• Canada
• Mexico

Europe

• France
• UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Rest of Asia Pacific

Middle East & Africa

• GCC
• South Africa
• Rest of the Middle East & Africa

South America

• Brazil
• Argentina
• Rest of South America