WiseGuyRerports.com Presents “Global Synthetic Leather Luggage Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” New Document to its Studies Database
With various organizations promoting bans against leather and leather-based products in view of the safety of animals, the global synthetic leather market has a different story to tell altogether. Looking at the reports provided by the International Trade Center, leather, and synthetic leather in particular, trades at mind-boggling levels on a global scale. While there is some animal cruelty involved in the manufacture of leather products, synthetic leather is increasingly being used as an alternative for the manufacturing of the same leather products.
So, the global synthetic leather luggage market has immense potential to grow to unprecedented scales while still acting as a substitute for natural leather. Use of synthetic leather is also varied and finds its place in various industry verticals including upholstery, clothing, footwear and a host of other leather products. Thus, leather products like leather luggage are in much demand and this trend is bound to continue into the forecast period too.
Synthetic leather comes in different varieties including faux leather, vegan leather, pleather and PU leather. The United Nations Industrial Development Organization has found more than half of the world’s total leather produced goes into making footwear. So, synthetic leather, being a viable alternative to natural leather, is also gradually making its way to the footwear industry.
Key Players
Samsonite International S.A.
Tumi Holdings
VIP Industries
VF Corporation
Briggs & Riley Travelware
Rimowa GmbH
MCM Worldwide
Louis Vuitton Malletier S.A.
IT Luggage
Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/4032594-global-synthetic-leather-luggage-market-2019-by-manufacturers
Market Segmentation
The global synthetic leather luggage market can be broken down into types of products and their applications. Polyurethane has witnessed tremendous growth in the past, and this trend will continue into the forecast period too. The quality, variety, and yield for the substance has been good and it is expected to grow at faster rates than other similar products. Polyurethane is softer and lighter than naturally occurring leather. It is also waterproof, which makes it a better substitute.
Furthermore, it is also eco-friendly and doesn’t emit dioxins. PVC, the first form of synthetic leather, produced in 1920, is expected to grow to staggering levels during the forecast period.
In terms of its applications, the footwear industry will register the highest levels of growth during the forecast period. The application of PVC-based leather has made its way into the footwear markets and various leather products including handbags, briefcases, car furnishings and clothing are increasingly being made out of synthetic leather, rather than natural leather. Changing weather and climatic conditions in various regions have also contributed to the growth of the synthetic leather industry.
Regional Insights
In the Asia Pacific region, countries like India, China and South Korea will witness huge amounts of growth in the synthetic leather luggage sector during the forecast period. Such a trend owes to the rapidly expanding footwear and automobile industries in these regions.
North America and Europe are also not far behind when it comes to the synthetic leather luggage industry. The business area has shown tremendous growth in these regions over the past few years, and the trend is bound to continue in the forecast period as well, due to the rise in the prevention of animal cruelty.
Industry News
The downstream market has tremendously affected the growth of the global synthetic leather markets. There is a huge demand for eco-friendly products throughout the world which has made it possible for new players to enter into the field. But despite the competition, investors are hopeful about the future of the area and believe the field still has much scope for growth.
Make Enquiry Details @ https://www.wiseguyreports.com/enquiry/4032594-global-synthetic-leather-luggage-market-2019-by-manufacturers
Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)