About Leather Products
Leather is a type of material produced by tanning animal hides or skins. Leather Products are mostly popular among costumers due to its unique features such as fire resistance, durability and dust resistance. It is of two types such as natural leathers and synthetic leathers. Leathers are producing using animals such as cattle, lion, fish, deer, crocodile, and pig are natural leathers. Synthetic leathers are also known as artificial leathers and are much similar to natural leathers. These are specifically designed by coating vinyl to fibers which are not durable as natural leathers. Leather industry plays a vital role in the rising world economy with an estimated value of more than USD 100 billion per year. The rise in the fashion and travel industry leads to the growing demand for leather products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The leather product market is fragmented and it has been observed that most of the companies are upgrading or introducing innovative leather 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 Europe Vendors will contribute the maximum growth to Global Leather Products 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.
Kering S.A. (France), Hermes (France), Samsonite International S.A. (Luxembourg), Tapestry (United States), Adidas A.G. (German), ECL International (San Marino), Budi Makmur Jaya Murni. PT (Indonesia), UAB Eudra (Lithuania), Louis Vuitton (France), VIP Industries Limited (India) and Prada (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Leather Products market by Type (Natural Leather and Artificial Leather), Application (Bags, Sports goods, Garments, Footwear, Furniture and Others) and Region.
On the basis of geography, the market of Leather Products 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 Sales Channel, the sub-segment i.e. Offline Retail Stores will boost the Leather Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Top Grain Leather [Full Grain Leather, Corrected Grain Leather, Nubuck] will boost the Leather Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend for Eco-Friendly Leathers Made of Waxed Cotton, Apple Fibers, and Other Natural Sources
Market Growth Drivers:
Highly Durable and Fireproof Benefits, Rising Demand of Leather Products as a Fashion Statement and Increased Demand for Leather Accessories
Challenges:
High Cost of Production and Regulations for Slautering Animal
Restraints:
Expensive Raw Materials and Chemicals Waste Produced by Synthetic Leathers
Opportunities:
Growing Use of Leather by End-User Industries, Increasing Disposable Income and Buying Capacity of Consumers and Growing E-commerce Retail Channels
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Leather Product Manufacturers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of Leather Product, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
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.