Global Leather Wallet Market Overview:
The leather wallet is made of leather material. It is a small, flat case that can be used to carry such small personal items such as cash, credit cards, and identification documents and others. There is a wide variety of different styles of leather wallets available. Leather Wallet can be made of all kinds of different materials including nylon, canvas, leather, and plastic. Leather wallets are available for both men & women and are one of the most commonly used accessories. These wallets offer several superior qualities which include durability, comfortable and others. Thereby, the leather Wallet market has significant growth in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Adoption Due to Leather Wallets Looking Fashionable & Trendy
Market Growth Drivers:
Highly Durable and Long-lasting and Increasing Number of Online Distribution Channels
Challenges:
Maintain Brand Loyalty in the Global Market
Restraints:
Increasing Disposable Income among the People
Opportunities:
Availability of Counterfeit Product in Local Market and Stringent Government Regulation
Competitive Landscape:
Leather wallet market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Bally (Switzerland), Gucci (Italy), Fossil Group (United States), Saddleback Leather (United States), HUGO BOSS (Germany), William Penn (India), DA MILANO (India), Fastrack (India), Burberry (United Kingdom), Tommy Hilfiger (Netherlands), Bellroy (Australia), Nordstrom (United States), Macy's (United States), HIDESIGN (India), Buffalo Jackson (United States), Urby (India), Coach New York (United States), Dunhill (United Kingdom), MiuMiu (France), BOTTEGA VENETA (Italy) and Fani Wallet (China). Analyst at AMA Research see United States and Asia Pacific Vendors to retain maximum share of Global Leather Wallet market by 2028. Considering Market by Leather Type, the sub-segment i.e. Bovine Leather will boost the Leather Wallet market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Leather Wallet market. Considering Market by Pocket Size, the sub-segment i.e. 1 Pocket will boost the Leather Wallet market.
Latest Market Insights:
On 30th October 2019, Brune & Bareskin, the leading online brands specializing in premium quality leather jackets, wallets, footwear, accessories, and bags, forayed into the Indian offline retail space.
On 22nd September 2019, Rever, a leather manufacturing company has launched the new Judson Zip Pouch Wallet with new collection features soft, supple embossed leathers lined with smooth Italian Nappa Calf Leather for texture contrast.
According to International Council of Tanners, under the labeling legalization database, the correct labelling and description of leather and leather products is very important in order to protect both the leather market and consumers against misdescriptions. While there is a generally well understood definition of leather, national labelling legislation and standards vary in detail.
What Can be Explored with the Leather Wallet Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Leather Wallet Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Leather Wallet
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Leather Wallet market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Leather Wallet market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Leather Wallet Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.