About Leather Wears
Leather is one of the most widely traded commodities in the world. The leather and leather products industry plays a prominent role in the world’s economy, with an estimated global trade value of approximately USD 100 billion per year. Leather Wears are being adopted in manufacturing handbags, wallets, jackets, pants, and other wearables products. Leather is highly durable and is being adopted as a high living standard among the people, this has increased the demand for the leather wears.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
In Leather Wears Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States and European Vendors will contribute the maximum growth to Global Leather Wears 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.
Giorgio Armani S.p.A (Italy), Burberry Group PLC (United Kingdom), Gianni Versace S.r.l. (Italy), Kenzo (France), Gucci (Itlay), Godlike Wear (United States), Hugo Boss AG (Germany), Hermès International S.A. (France), Fuguiniao Co., Ltd.( Hong Kong) and Magraa Fashions Pvt. Ltd (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 Softline Brand Partners (United States), Longchamp SAS (France), Orvis (United States) and PG Leather (India).
Segmentation Overview
AMA Research has segmented the market of Global Leather Wears market by Type (Synthetic Leather, Animal Leather and Other), Application (Men and Women) and Region.
On the basis of geography, the market of Leather Wears has been segmented into 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). If we see Market by Distribution Channel, the sub-segment i.e. Offline Retail Stores will boost the Leather Wears market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Jackets will boost the Leather Wears market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasingly Availability of Leather Raw Materials in the Developing Countries
Market Growth Drivers:
High Durability and Strength Benefits and Increasing Use of Leather Wears as Fashion Statement
Restraints:
Stringent Government Regulations on Leather and High Cost of Leather Wears
Opportunities:
Improving Living Standards In Both Developed And Developing Economies and The Growth of Poultry and Pork Consumption Has Increased the Supply of Leather Raw Materials
Market Leaders and their expansionary development strategies
In January 2021, Adidas AG launched of a new line of trainers made from mushroom leather as a part of its sustainability drive. The company has collaborated with biotech startup Bolt Threads, Stella McCartney, and lululemon to create plant-based vegan leather trainers.
In August 2022, Amar Shoes & Leather Wears, a leading manufacturer of exclusive leather shoes launched its finest assortment of exquisite leather men's footwear in India under the brand EZOK.EZOK products are made with the same degree of detail as produced for leading global brands, using the finest materials and carrying unique craftsmanship for manufacturing.
Key Target Audience
Leather Wears Providers, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Users
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.