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Leather Goods Market Share
The market includes many local and global players. In 2023, companies like Adidas, Aero Leather, Johnston Murphy, Hermes, Louis Vuitton, and others held about 15%-20% of the market share. Manufacturers are increasingly using sustainable materials, like vegetable-tanned leather, recycled leather, and bio-based alternatives, to appeal to environmentally conscious consumers. Additionally, brands are also offering personalized and custom-made products, such as monogramming or tailored designs, allows brands to target niche markets and enhance customer loyalty.
Leather Goods Market Companies
Major players operating in the leather goods industry are:
- Adidas
- American Leather
- Aero Leather
- Gucci
- Hermes
- Johnston & Murphy
- Lear
- Louis Vuitton
- Nike
- Prada
- Puma
- Samsonite International
- Timberland
- VIP Industries
- Woodland Worldwide
Who are some of the prominent players in the leather goods industry?
Key players in the industry include Adidas, American Leather, Aero Leather, Gucci, Hermes, Johnston & Murphy, Lear, Louis Vuitton, Nike, Prada, Puma, Samsonite International, Timberland, VIP Industries, and Woodland Worldwide.
How much is the Asia-Pacific leather goods industry worth, and which country leads it?
China led the Asia-Pacific leather goods market with revenues of around USD 48.1 billion in 2023 and is expected to reach USD 87.5 billion by 2032, due to its vast manufacturing base, cost-effective production methods, and robust export market.
What is the size of the Footwear segment in the leather goods industry?
The Footwear segment dominated the market with revenues of approximately USD 120.98 billion in 2023 and is projected to grow at a CAGR of around 6.6% from 2024 to 2032, owing to its high demand, durability, and key role in fashion.
How big is the leather goods market?
The global leather goods industry was valued at USD 261.5 billion in 2023 and is estimated to grow at a CAGR of over 6.3% from 2024 to 2032, driven by the rising demand for luxury items.