Published by Coherent Market Insights
Posted on October 8, 2021
The global luggage and leather good market is projected to reach around US$ 418.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.2% during the forecast period (2019-2027).
Luggage and leather goods are produced from leather which is made up of animal skin. These products are highly durable and offer aesthetic look to the products. Leather goods includes footwear, clutches and wallets, clothing, and apparel, upholstery (furniture and automotive), and leather accessories. Luggage leather includes, duffle bags, rolling luggage, backpacks, suitcases and briefcases, and totes and hand-luggage.
A detailed report on Global Luggage and Leather Goods Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Luggage and Leather Goods market: Knoll, Inc., American Leather, Inc., Aero Leather Clothing Ltd., Samsonite International S.A., VIP Industries Ltd., LVMH Moët Hennessy Louis Vuitton SE, Timberland, Johnston & Murphy, Woodland, and Hermes International SA
Regional Analysis For Luggage and Leather Goods Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Luggage and Leather Goods market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Opportunities
Increasing production of organic leather products which utilizes vegetable and plant tannins due to rising environmental concern is expected to fuel the market growth of luggage and leather goods. Rising demand for organic leather products across consumer will favor the market growth in the near future. For instance, in February 2019, Hidesign has launched a new line of bags and accessories for both men and women made from East India leather. The collection showcases the natural vegetable tanning method used to produce the leather on its natural hued bags
Key Takeaways:
On the basis of the product type, leather goods segment dominated the global luggage and leather goods market in 2018 with a 91.6% of market share in terms of value, followed by luggage.
Market Trends
Increasing focus of manufacturer on managing the waste released during leather processing is expected to fuel the market growth in the near future. For instance, in October 2017, the Burberry Foundation has announced a five-year partnership with London-based sustainable accessories brand Elvis and Kresse to tackle the waste created by the leather industry. Rising such initiatives by key players are expected to propel the market growth.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Luggage and Leather Goods market to Witness Huge Growth in Coming Years with Profiling Leading Companies appeared first on Gatorledger.
The global luggage and leather good market is projected to reach around US$ 418.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.2% during the forecast period (2019-2027).
Luggage and leather goods are produced from leather which is made up of animal skin. These products are highly durable and offer aesthetic look to the products. Leather goods includes footwear, clutches and wallets, clothing, and apparel, upholstery (furniture and automotive), and leather accessories. Luggage leather includes, duffle bags, rolling luggage, backpacks, suitcases and briefcases, and totes and hand-luggage.
A detailed report on Global Luggage and Leather Goods Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Luggage and Leather Goods market: Knoll, Inc., American Leather, Inc., Aero Leather Clothing Ltd., Samsonite International S.A., VIP Industries Ltd., LVMH Moët Hennessy Louis Vuitton SE, Timberland, Johnston & Murphy, Woodland, and Hermes International SA
Regional Analysis For Luggage and Leather Goods Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Luggage and Leather Goods market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Opportunities
Increasing production of organic leather products which utilizes vegetable and plant tannins due to rising environmental concern is expected to fuel the market growth of luggage and leather goods. Rising demand for organic leather products across consumer will favor the market growth in the near future. For instance, in February 2019, Hidesign has launched a new line of bags and accessories for both men and women made from East India leather. The collection showcases the natural vegetable tanning method used to produce the leather on its natural hued bags
Key Takeaways:
On the basis of the product type, leather goods segment dominated the global luggage and leather goods market in 2018 with a 91.6% of market share in terms of value, followed by luggage.
Market Trends
Increasing focus of manufacturer on managing the waste released during leather processing is expected to fuel the market growth in the near future. For instance, in October 2017, the Burberry Foundation has announced a five-year partnership with London-based sustainable accessories brand Elvis and Kresse to tackle the waste created by the leather industry. Rising such initiatives by key players are expected to propel the market growth.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Luggage and Leather Goods market to Witness Huge Growth in Coming Years with Profiling Leading Companies appeared first on Gatorledger.
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