Global Leather Wallet Market Share 2022 Growth Challenges, Opportunities and Future Trends 2028

The global Leather Wallet market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022-2028). It is a small, flat case usually made of leather that can be used to carry personal items such as cash, debit and credit cards, identification documents, photographs, transit pass, business cards, and other paper documents. The major factor expected to drive the market growth is the rising innovation in wallet design with new features and the growing popularity of leather wallets in the elite population. In addition, the increasing popularity of leather products owing to durability, and its fireproof, dustproof, and crack-proof features, increasing disposable income, increasing working population and growing fashion industry are some factors that propel the growth of the market during the forecast period.

Some major players in the market include Alfred Dunhill, Ltd., Burberry Ltd., and Bottega Veneta, 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 2021, iPhone launched its iPhone Leather wallet for iPhone models with MagSafe which works with iPhone 12 or iPhone 13 Leather or Silicone Cases, or the iPhone 13 Clear Case and also users can use the wallet with the iPhone 12 Clear Case, however, “Find My” isn’t supported. The wallet features a secure NFC chip that enables support for Find My and it can hold up to three cards, and it’s shielded to keep them safe.

Further, in 2019, Blue Ocean Global Group announced the launch of their latest brand, Flying Fossil, which provides the best quality leather wallets to their customers. The company also added that these high-end leather wallets & accessories are made up of sophisticated genuine leather and it is available to purchase in the UAE through online markets such as Noon.com and Amazon. These wallets offer several superior qualities which include durability, and comfortable.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By End-User
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

• Competitive Landscape- Alfred Dunhill, Ltd., Burberry Ltd., and Bottega Veneta, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Leather Wallet Market Report by Segment

By Product Type

• Leather Bifold Wallet
• Leather Front Pocket Wallet
• Leather Trifold Wallet
• Leather Card Case Wallet
• Other Leather Wallet

By End-User

• Men
• Women

By Distribution Channel

• Hypermarket/Supermarket
• Specialty Stores
• Multi brands Stores
• Online