Global Leather Goods Market: The Leather Goods market is driven by an Increased per capita disposable income with a healthy CAGR of 5.9% during the forecast period of 2021 to 2028.

Leather Goods Market Research Future Insights

According to MRFR analysis, the global Leather Goods market is expected to register a CAGR of 5.90% from 2021 to 2028 and hold a value of over USD  623.44 Billion by 2028.

Leather goods are products made from leather, such as bags, wallets, belts, shoes, and other accessories. The leather goods industry includes companies that produce and sell these products. The pandemic may have had some impact on the demand for leather goods and the ability of companies to produce and sell them. The overall economic downturn caused by the pandemic may have reduced the demand for non-essential products like leather goods, which could potentially affect the industry. Additionally, supply chain disruptions and other pandemic-related challenges may have affected the ability of companies to produce and sell leather goods.

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Regional Analysis

Asia-Pacific is an excellent destination for the leather goods market due to its rapid economic growth and rising mid-income population. The high migration rates from rural to urban areas have led to an influx of international retailers in Asia-Pacific, which has encouraged the expansion of existing retail outlets in countries like India and China. This expansion is driving the growth of the leather goods market.

Market Segmentation

The Global Leather Goods market has been segmented into type and distribution channels.

Based on the type, the market has been segmented into Footwear, Home Décor, Apparel [Jackets & Coats, T-Shirts & Shirts, Trousers and Others], Luggage, and Accessories [Purses & Handbags, Wallets, Belts, Watches, and Others].

Based on the distribution channel, the market has been segmented into Store-Based [Supermarkets & Hypermarkets, Specialty Stores, and Others] and Non-Store-Based.

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Key Players

Some of the key market players are Adidas AG, Nike Inc., Puma SE, Fila Inc., New Balance Athletics Inc., Samsonite International S.A., Louis Vuitton, Knoll Inc., American Leather Holdings LLC (US), VIP Industries Ltd.

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