San
Francisco, 22 March, Leather Goods Market Size, Share &
Trends Analysis Report, By Distribution Channel (E-commerce, Retail Stores), By
Product (Footwear, Luggage, Accessories, Others), By Material And Segment
Forecasts, 2019 - 2025
The global leather goods market size is expected to reach USD 629.65 billion
expanding at a CAGR of 5.4% by 2025, according to a new report by Grand View
Research, Inc. The market growth is driven by the millennials and Generation Z
as younger shoppers seek a personalized shopping experience that integrates
both online and offline platforms. In the offline platforms, the availability
of leather goods in retail stores has an affinity to showcase its content to a
large number of audiences. In U.S. it was reported that 94% of all the
purchases made in 2016 were through retail stores.
The major reasons driving the
sale included age, gender, and location. In the footwear product segment,
casual shoes like sneakers, slippers, and flats are gaining popularity, which
is expected to boost the segment growth in the coming years. The market for
formal shoes is expected to witness a significant growth over the forecast
period owing to constant innovations, in terms of products and designs. In the
sports shoes category, major manufacturers in the market including Adidas AG;
Nike, Inc.; New Balance Athletics, Inc.; and Sketchers USA, Inc. are
increasingly focusing on developing innovative technologies to enhance the
stability of sports shoes and make them more comfortable.
Application of leather in
manufacturing bags and wallets has increased significantly in the recent years.
Among all types of leather, synthetic leather has attained tremendous
popularity as it is softer than conventional leather and offers high
durability. The growth of casual footwear segment coupled with increasing
online purchases is expected to drive the leather goods market in North America
over the forecast period. Furthermore, rising number of athletes in the region
and awareness about the benefits of staying active and fit are anticipated to
fuel the market growth.
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Report On Leather Goods Market Analysis:
Further key findings from the study suggest:
·
Rubber & plastic material
segment in the footwear market is expected to witness the highest growth rate
over the forecast period
·
E-commerce distribution channel
in North America was estimated as the largest segment of the leather goods
market in 2017
·
China was the largest market.
The Asia Pacific region is expected to be the fastest-growing regional market
during the estimated period.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global leather goods market on the basis of basis of distribution channel,
material, product, and region:
Leather Goods Distribution
Channel Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
·
E-Commerce
·
Retail Stores
·
Supermarkets/Hypermarkets
·
Others
Leather Goods Material
Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
·
Footwear
o
Genuine Leather
o
Textiles & Tropical Fibers
o
Rubber & Plastic
o
Other
·
Leather Products
o
Genuine Leather
o
Synthetic Leather
o
Bio-based Leather
Leather Goods Product
Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
·
Footwear
o
Military Shoes
o
Casual Shoes
o Slippers & Sandals
o Sneakers
o Others
o
Formal Shoes
o
Sports Shoes
o
Others
·
Leather products
o
Upholstery
o
Luggage
o Trunks
o Suitcases
o Others
o
Accessories
o
Clothing & Apparel
o
Bags, Wallets, & Purses
o Handbags
o Coin Purses
o Others
o
Others
Leather Goods Regional
Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
U.K.
o
Germany
o
France
o
Italy
o
Netherlands
·
Asia Pacific
o
China
o
India
o
Japan
o
Malaysia
o
Indonesia
·
Central & South America
o
Brazil
·
Middle East & Africa
o
UAE
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-leather-goods-market
https://www.grandviewresearch.com/press-release/global-leather-goods-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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