Global Leather Goods Market Trends 2022 | Segmentation, Outlook, Industry Report to 2028

The global leather goods market is expected to grow at a CAGR of 5.8% during the forecast period (2022-2028). Full grain leather is the top layer of the hide. A hide is the skin of the animal which is used to make leather goods. This leather is first treated with aniline dyes which are soluble and the natural surface of the hide is retained. Semi-aniline dye is also used which provides the leather a thin protective top coat and prevent staining. Vertical fibres of this part of the leather make it strong and durable. This part will not crack or peel off. It is resistant to moisture. Major benefit of the full grain leather is its appearance. With consistent ageing, this type of leather becomes more shiny and smooth. MAHI brand uses full grain leather in all of its products.

Durability and long lasting product life of leather goods is a major driver for this market. Top grain leather is a type of leather which is the second layer of the hide. Sanding and buffing is done on this layer in order to remove the imperfections present on the layer.This type of leather is thin in nature and less expensive. Another variant which is available in the market of top grain leather is corrected leather. This leather goes through a refined process of sanding and dyeing.

Some major players in the market include Samsonite international SA, Nike Inc., and Puma SE, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2022, Hermes which is a luxury goods maker brand based in France announced the opening of three factories. This decision has been taken by the brand as it wants to keep up with demand for its products. The company will open leather goods factories in the town of louviers.

Competitive Landscape-

Samsonite international SA, Nike Inc., and Puma SE, among others.

By Type

Full Grain Leather

Top-Grain Leather

Nubuck Leather

Synthetic Leather

By Distribution Channel

Online

Offline

Scope of the Report
The research study analyzes the Global Leather Goods industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Leather Goods Market Report
1. What was the Global Leather Goods Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Leather Goods Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Leather Goods Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Leather Goods market.
• The market share of the Global Leather Goods market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Leather Goods market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Leather Goods market.