About Leather Belts
Leather belts are one of the most basic l essentials. A belt is a flexible band or strap worn around the natural waist, generally made of leather, plastic, or heavy cloth. The ends of a belt are free, and a buckle secures one end to another section of the belt, at or near the other end, to make a loop.. Belts are frequently used as fashion accessories, and come in a variety of colours, styles, and finishes. Bullet belts and studded belts are common in the heavy metal subculture. Belt buckles, which are frequently made of metal, range from simple one-color finishes to elaborately decorated belt plates with embossed or bas-relief images or multi-coloured logos. Despite their universal functionality, many belts are marketed to one sex or the other.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Leather Belts is increasing. The industry is segmented, but it is predicted to grow as rise in disposable income, among other factors, drive the market forward. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Leather Belts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Armani (Italy), Tommy Hilfiger (Netherlands), Louis Vuitton (France), Phillips-Van Heusen (United States), Prada (Italy), Levi Strauss & Co. (United States), Benetton Group (Italy), OC Oerlikon (Switzerland), Jack & Jones (Denmark) and Peter England (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are TOM FORD (United States), Zodiac Clothing Company Ltd. (India) and A. T. Cross Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Leather Belts market by Type (Formal and Casual) and Region.
On the basis of geography, the market of Leather Belts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Distribution Channel, the sub-segment i.e. Online {Company Website, E-Commerce Site} will boost the Leather Belts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Men will boost the Leather Belts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size , the sub-segment i.e. Small will boost the Leather Belts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Leather Grade, the sub-segment i.e. Top Grain will boost the Leather Belts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Vegan Belts and Rising Popularity of Rock n Roll Leather Belts
Market Growth Drivers:
Growing Prevalence of Designer & Branded Belts and Rising Awareness about Detrimental Effects of Unethical Practices
Challenges:
Risk of Leather Quality Issues and High Competition among Established Players
Restraints:
Stringent Government Regulations Related to Environment Protection and High Cost of Branded Belts
Opportunities:
Growth of E-Commerce
Market Leaders and their expansionary development strategies
In September 2020, Phoenix Leather Goods, an industry leader in direct-to-consumer clothing accessories and small leather goods, announced today the acquisition of Trafalgar Leather Goods from Randa Apparel & Accessories.
In January 2021 OC Oerlikon had announced the acquisition of Coeurdor. This acquisition allows Oerlikon to broaden its offering and gain a foothold in the luxury goods market. Coeurdor's creativity, agility, and quick turnaround to meet the needs of customers in the luxury market complement what Oerlikon offers in the high-end deco market.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Raw Material Suppliers, Belts Manufacturer, Belts Trader/Distributors and End-use industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.