Authored By: Sarah
23 Jun 2021

Leather Goods Market Size to Grow by $ 55.31 billion through 2020-2024  

Technavio research projects the leather goods market to grow by $ 55.31 billion, accelerating at a CAGR of over 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Leather Goods Market: Receive FREE Sample Report


Leather Goods Market: Key Market Driver

One of the primary factors that will trigger the growth of the leather goods market size is increased spend on personal goods. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for Leather Goods Market Size to Grow by $ 55.31 Billion During 2020-2024

Leather Goods Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. adidas AG, Capri Holdings Ltd., Compagnie Financière Richemont SA, Hermès International, Kering SA, LVMH Moet Hennessy - Louis Vuitton, Nike Inc., PRADA Group, Tapestry Inc., and VF Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 4%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 55.31 bn through 2020-2024.

     
  3. What is a key factor driving this market?
    Increased spend on personal goods will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    40% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are adidas AG, Capri Holdings Ltd., Compagnie Financière Richemont SA, Hermès International, Kering SA, LVMH Moet Hennessy - Louis Vuitton, Nike Inc., PRADA Group, Tapestry Inc., and VF Corp.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Footwear, LBWP, and Others), Distribution channel (offline and online), and Geography (APAC, North America, Europe, South America, and MEA)
Read News Read Less
Interested in this report?
Get your sample now!
Technavio