WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Online Marketing Friday, July 19, 2019 
Add Press Release News | News Feeds Feeds | Email This News Email


Leather Goods: Worldwide Market Forecasts to 2024 with Adidas, Samsonite, and Kering Leading
Friday, July 12, 2019

DUBLIN, July 12, 2019 /PRNewswire/ -- The "Leather Goods Market - Growth, Trends and Forecasts (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Global leather goods market is forecasted to grow at a CAGR of 6.2% during the forecast period (2019-2024).

Key Highlights

    --  Leather goods are highly popular among consumers as they have inherent
        qualities such as dustproof, fireproof, crack proof, and durability
        which is expected to increase growth of leather goods market.
    --  Moreover, growing demand for trendy hand bags, premium leather wallets,
        and other leather products is influencing growth of leather goods market
        from last few years. Growing government support for leather industry is
        further driving the market growth. For instance, in India, 100% Foreign
        Direct Investment is permitted through the automatic route and
        government have reduced the excise duty to 6% from 12% on leather
        footwear (footwear with uppers made of leather) with retail sale price
        of more than USD 14.55 per pair.

Major Market Trends

Increased Demand for Leather Accessories

The thriving fashion industry has majorly uplifted the demand for leather handbags and wallets among the consumers, thereby driving the accessories market in the region. As a result, leather handbags hold the major market share in the accessories segment. In addition, leather accessories are not just limited to a general need. The consumers are more inclined toward aesthetic factors, and demand premium range goods as a fashion statement. Europe-based companies, such as Gucci, Gianni Versace, and Louis Vuitton, are the key players involved in the manufacturing of leather-based luxury goods.

Europe Emerges as the Largest Consumer of Leather Goods

Increasing fashion consciousness, rising disposable incomes, and increasing demand for attractive bags are driving the sales of luggage and leather goods in the region. The growing interest of consumers in travel and unique experiences is boosting the demand for leather goods, such as luggage bags, especially in the luxury segment as consumers increasingly sought high-quality items. Moreover, the strong prevalence of fashion-driven countries such as France and Italy, the region remains the largest consumer of the market.

Competitive Landscape

Global leather goods market is highly fragmented as in the organized sector few key players are holding major market share whereas, in the unorganized sector, many small players are competing to gain market share. Adidas, Samsonite and Kering are some prominent players in the global market.

Topics Covered

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY
3.1 Market Overview

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Footwear
5.1.2 Luggage
5.1.3 Accessories
5.2 By Distribution Channel
5.2.1 Offline Retail Stores
5.2.2 Online Retail Stores
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Kering
6.4.2 Hermes
6.4.3 Samsonite IP Holdings
6.4.4 Tapestry Inc.
6.4.5 Adidas
6.4.6 Prada
6.4.7 LVMH
6.4.8 Capri Holdings Limited

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/yba65z

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/leather-goods-worldwide-market-forecasts-to-2024-with-adidas-samsonite-and-kering-leading-300883410.html

SOURCE Research and Markets



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav transcosmos and SOOTH Inc. Co-develop and Release "GAZE HACK," a Video Ads Optimization Method Based on Eye-Gaze Analysis | Jul 19, 2019
Nav Visiongain Report Offers Transformative Insights on the US$1.81bn Nano-UAV Market | Jul 19, 2019
Nav Sports Nutrition Market, 2024 by Product Type, Raw Material, Distribution Channel, Region | Jul 19, 2019
Nav Ekinops Completes the Acquisition of OTN Technology From Padtec | Jul 19, 2019
Nav The Hidden Wealth Solution Announces their Newest Online Educational Webinar Offering Time to Support the Over 10,400 Baby Boomers Retiring per Day! | Jul 19, 2019
Nav TTEC Schedules Second Quarter 2019 Earnings Release and Webcast of Investor Conference Call | Jul 19, 2019
Nav Internet Marketing Company, fishbat, Discusses 3 Ways Architecture Companies Can Remarket to Customers | Jul 19, 2019
Nav fishbat Discuss How to Prepare for A Clinical Trial | Jul 19, 2019
Nav Tulsa Author Celebrates New Book | Jul 19, 2019
Nav OFID Launches New Strategy, Sets Sights on Sustainable Growth and Maximum Development Impact | Jul 19, 2019
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News