The U.S. leather and fur products market size is
estimated to rise to USD 19.77 billion by 2025, according to a new study by
Grand View Research, Inc., progressing at a CAGR of 5.3% during the forecast
period. Proactive marketing initiatives by established brands in the country
coupled with changing fashion trends are expected to boost market growth over
the forecast period.
Leather and fur are used for manufacturing a myriad
of different products including women’s handbags, traveler bags, personal
goods, and apparels, among others. Recent comeback of fur and leather products
in popular fashion in urban areas has been a prime factor for steady rise in
the demand. In addition, leather and fur product manufacturers have been
focusing on providing enhanced shopping experiences and holding marketing
campaigns, which is likely to further bolster the growth of the market.
However, the market faces two major challenges in
its long-term sustainability, which includes consumer and environmental
backlash for the use of animal-derived products and internal competition from
products made from artificial leather and faux fur. To address these challenges,
major vendors in the market are focusing on partnerships with their
contemporaries. Consumer purchasing preferences are anticipated to largely
influence the dynamics of the market.
The leather and fur products market in the U.S. is
marked by presence of numerous well-known and established brands. While many of
these players are large multinational companies, some vendors provide niche
products, which has resulted in a highly fragmented marketplace.
Full
Research Report On U.S. Leather and Fur Products Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/us-leather-fur-products-market
www.grandviewresearch.com/industry-analysis/us-leather-fur-products-market
Further
key findings from the study suggest:
- Onset of online shopping portals has had a
large impact on product marketing, sales, and delivery of leather and fur
products. However, brick and mortar stores continue to be the most
preferred distribution channel for the products
- The leather and fur products market includes a
complex and globalized value chain wherein materials and finished products
are often traded across national boundaries
- As of 2015, the types of leathers used
worldwide included 34% of sheep, 30% of goat, 23% of cattle, and 13% of
pig per animal hide. This, in terms of skin surface, translates to 59%
cattle, 20% sheep, 24% goat, and 17% pig
- Introduction of numerous new products that are
manufactured with leather and fur accessories such as eyeglass cases,
jewelry cases, and personal electronics cases are expected to augment the
personal goods market
- Samsonite International, LVMH Moet Hennessy
Louis Vuitton, and Coach are some of the major vendors with a considerable
influence on the market trends.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/consumer-goods
www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the U.S. leather and fur products
market based on product:
Leather
& Fur Product Outlook (Revenue, USD Billion,2014 - 2025)
- Leather
Luggage
- Non-leather
Luggage
- Women’s
Leather Handbags
- Women’s
Non-leather Handbags
- Leather
Personal Goods
- Leather
& Fur Apparel
- Other
Products
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/us-leather-fur-products-market-analysis
www.grandviewresearch.com/press-release/us-leather-fur-products-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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