World Leather Goods Market - Opportunities and Forecasts, 2014 – 2020

Leather goods encompass products such as leather luggage and leather accessories including purses and wallets, handbags, footwear, belts and jackets, which are made of animal skin. A wide range of leather goods are available in the market at varying prices. Presence of numerous regional and global players, makes the market highly competitive. Recent trends in the market reveal that there is a gradual shift in the consumers preference towards innovative leather goods especially with regards to leather accessories. This has created the need for innovation among the key players in the industry.

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Increased demand for luxury products paired with enhancement in lifestyle of consumers due to significant increase in disposable income have encouraged consumers to splurge on branded products including leather goods. This has urged the companies operating in the market to introduce unique and stylish leather products as per the consumers demand. Moreover, growth in international and domestic tourism paired with continuous business trips is further fostering the growth of the global leather goods market. However, presence of counterfeit leather products in the market limits the overall revenue for the industry.

The world leather goods market is segmented based on product type, end-users, mode of sale and geography. Based on product type, the report segments the global leather goods market into leather luggage (suitcase, casual and business bags) and leather accessories (purse & wallets and belts, footwear and others). Men and women form the major end user segments for the leather accessories market. Further, based on mode of sale, the report segments the global leather goods market into online and retail sales. Based on geography, the global leather goods market is segmented into North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).

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