Research Expert: Sarah Overall
  • Published: Jul 2025
  • Pages: 150
  • SKU: IRTNTR45025

  • Latest News- Leather Goods Market: Footwear is expected to lead the Product segment during 2024-2028

    The Leather Goods Market is being driven by Innovative marketing strategies

    The Leather Goods Market is expected to grow at a CAGR of 6.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 105.8 billion. The exotic leather market has experienced significant growth over the past five years, driven by increasing consumer demand for leather goods featuring distinct textures, superior quality, and unique feels. Due to the scarcity of exotic animal hides, manufacturers have turned to alternative sources, such as ostrich, reptile, and bird skins, to meet this demand. This shift has resulted in the production and commercialization of leather goods derived from a diverse range of animals, including calves, lambs, snakes, crocodiles, and alligators. Vendors are capitalizing on this trend by offering a wide array of bags and other leather items crafted from these alternative hides. 

    Get more information on Leather Goods Market by requesting a sample report

    Global leather goods market 2024-2028

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Product
      • Footwear
      • LBWP
      • Others
    • Distribution Channel
      • Offline
      • Online
    • Geography
      • APAC
        • China
        • Japan
      • North America
        • US
      • Europe
        • France
        • UK
      • South America
        • Middle East and Africa

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Innovative marketing strategies
        • Product premiumization owing to design and material innovation
        • Influence of celebrity endorsements on customers' purchase decisions and growing demand for designer collections

        However, the market also witnesses some limitations, which are as follows:

        • Fluctuating operational costs
        • Rising labor costs and fluctuating raw material prices
        • Side effects associated with leather processing

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        Market Scope in Leather Goods Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        177

        Base year

        2023

        Historic period

        2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 6.78%

        Market growth 2024-2028

        USD 105.8 billion

        Market structure

        fragmentation

        YoY growth 2023-2024(%)

        6.24

        Key countries

        US, China, Japan, France, and UK

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The leather goods market is experiencing a surge in popularity, with innovative materials like mushroom leather adding to its versatility and appeal. Sage-ONF, a leading leather manufacturer, is at the forefront of this trend, producing high-quality leather goods using advanced processing techniques and automated machinery. Their product range includes handbags, belts, wallets, furniture, and even saddles, catering to both fashion-conscious consumers and those in need of durable, functional items. Designers like Meghan Roach are also embracing the versatility of leather, creating fancy leather apparel and accessories that reflect the latest fashion trends. The rising demand for leather goods is not limited to apparel and accessories, as footwear and furniture segments are also seeing significant growth. According to the World Footwear report, the leather goods industry is expected to continue its growth trajectory, driven by increasing brand awareness and living standards. Digital cutting technology is enabling the production of complex designs, making leather goods more desirable than ever before. The future of the leather goods market looks bright, with endless possibilities for innovation and creativity.

        Market Research Overview

        According to Technavio, the leather goods market is a segment of the global apparel, accessories, and luxury goods industry. This market encompasses businesses involved in the production and distribution of textiles, apparel, accessories, and luxury goods, excluding footwear manufacturers. Notably, the market scope extends to companies providing rental services for apparel, accessories, and luxury goods. The global apparel, accessories, and luxury goods market size is determined by the consolidated revenues of textiles, apparel, footwear, accessories, and luxury goods manufacturers and marketers. Key growth drivers for this market include the expanding population of working women, leading to increased disposable income and consumer spending on apparel, accessories, and luxury goods.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

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