Leather Goods Market Overview
Renowned global business consultancy firm, Maximize Market Research, has unveiled its latest report titled “ Leather Goods Market."Maximise Market Research meets the needs of both major and medium-sized enterprises globally, with a sizable customer in over 34 countries. As per the insights provided by research analysts, the Asia Pacific region emerges as a notably promising prospect for Leather Goods market and component manufacturers in the coming decade. The report conducts a comprehensive assessment of the market’s post-Covid lockdown performance, uncovering that despite economic deceleration, the market demonstrates a favorable upward trajectory.
Leather Goods Market Growth Highlights : size was valued at US$ 4.66 Bn. in 2029. Footwear, one of the segments reviewed in our report dominated the Global Leather Goods Market.
Leather Goods Market Scope
Market analysts project a steady rise in the Leather Goods Market from 2022 to 2029. Key players within the industry are anticipated to persist in implementing robust strategies to propel rapid sectoral expansion throughout 2022.
The analytical report concerning the Leather Goods market encompasses a broad spectrum of elements, comprising import and export consumption, supply and demand dynamics, costs, market shares, sales volumes, revenues, and gross profits. Moreover, the report scrutinizes manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer engaged in the Leather Goods market. The report includes comprehensive research on multiple countries (regions) such as the United States (USA), Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
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Segmentation:
By Product, Footwear held a 42% share of the market in 2022. Major brands like Nike, Adidas, and others are present, and new competitors have been joining the leather athletic footwear market. The factors propelling the market expansion of footwear include a broad choice of style, sizes, customizations, etc. as well as expanding trainer trends.
The projected term is predicted to see apparel increase at a CAGR of 7%. Increased discretionary income and the availability of a wide range of patterns and styles are the two main drivers anticipated to fuel market expansion over the next years.
The projection term is predicted to see home décor increase at a CAGR of 5.6%. Increased spending on home improvement and furnishings is what's fueling the segment's expansion.
By Kind, In 2022, the Genuine sector controlled a 57% share of the market. The elements fueling the demand for the product are that it is less expensive than genuine leather goods and that it is similarly attractive in terms of style. Polyvinyl chloride and polyurethane are used in its production. In contrast to vinyl, polyurethane does not release dioxins, making it environmentally benign.
Through the projected period, the synthetic sector is anticipated to rise at a CAGR of 7%. The elements that are anticipated to fuel the market for the product include its low cost, heavy-duty structure, and eco-friendly alternatives. Heavy-duty, flexible products with a medium wall structure that bends but resists cracking are made from materials like PET. These elements are anticipated to fuel the segment's expansion during the forecast period.
by Product
Footwear
Home Décor
Apparel
by Type Genuine
Syntheti
by Grade
High-Grade
Mid-Grade
by Distribution Channel
Specialty Stores
Company Franchised Stores
E-Commerce
Supermarkets/Hypermarkets
Others
Key Players:
1. Adidas AG
2. Nike, Inc.
3. Puma SE
4. Fila, Inc.
5. New Balance Athletics, Inc.
6. Knoll, Inc.
7. Samsonite International S.A.
8. VIP Industries Ltd.
9. Timberland LLC
10. Johnston & Murphy
11. Woodland Worldwide
12. Hermès International S.A.
13. Louis Vuitton Malletier
14. VF Corp.
15. COLLAR Company
16. LUCRIN Geneva
17. Nappa Dori
18. Saddles India Pvt. Ltd.
19. Lear Corp
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ : https://www.maximizemarketresearch.com/request-sample/115698
Regional Analysis
The report covers the five primary global regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. Within the context of Leather Goods Industry Research, the report identifies noteworthy geographies, segments, and sub-segments within the market. It offers extensive numerical data, an intricate revenue analysis, and a detailed exploration of geographical aspects. Furthermore, the report delves into the intricate structure of the business chain. It also accentuates opportunities and noteworthy industry developments pertinent to the Leather Goods market.
Key Questions answered in the Leather Goods Market Report are:
- What is Leather Goods Market?
- What is the forecast period of the Leather Goods Market?
- What is the competitive scenario of the Leather Goods market?
- Which region held the largest market share in the Leather Goods Market?
- What are the opportunities for the Leather Goods Market?
- What are the restraining factors in the Leather Goods market?
- Who are the key players of the Leather Goods market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Leather Goods
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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