Global Leather Luggage are expected to make a significant contribution to the overall industry.

According to a lead Analyst "Very few number of manufacturers are producing leather goods due to stringent government regulations on the leather goods as well as due to the negative influence of PETA on leather goods manufacturing. Thus, number of manufacturers are shifting their focus from leather goods to other material goods. Thus, the leather luggage market possess moderate competition in the global market.". Buoyed by strong demand and sales, industry profit margins have increased considerably during past few years.

According to the report, some of the important driving forces behind the market growth are “Improved Durability of Leather Goods and Growing Number of Travelers due to Increase in Disposable Incomes as well as Increase in Business Trips”. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Vendors, additional restraints impacting market are “Comparatively Costly as compared to Conventional Leather Products, Lack of Raw Material Availability and Threat of Substitutes” which is continuously seeking attention of Industry Experts and Decision makers.

The Leather Luggage Ecosystem: 2020-2026 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents an in-depth assessment of the Leather Luggage market including latest technologies & innovation, key trends, market drivers, challenges, vertical & market applications along with deployment case studies, regulatory landscape, future roadmap and strategies, value chain and player profiles. The report also presents market size forecasts from 2020 till 2026. The forecasts are segmented by Type (Travel Bags, Casual Bags, Business Bags and Others), by Application (specialist retailers, factory outlets and internet sales) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Data Sources & Methodology

The primary sources involves the industry experts from the Leather Luggage Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.