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Leather Goods Market Size To Reach $538.23Bn By 2033

Leather Goods Market Size To Reach $538.23 Billion By 2033

November 2025 | Report Format: Electronic (PDF)

Leather Goods Market Growth & Trends

The global leather goods market size is estimated to reach USD 538.23 billion by 2033, registering to grow at a CAGR of 8.4% from 2025 to 2033, according to a new report by Grand View Research, Inc. Rising fashion consciousness among consumers has been a key factor boosting the product demand and this has driven various brands to expand their product portfolio. Apart from leading labels and brands, smaller manufacturers have also been gaining importance in the market. Various startups have come up with customized leather products to meet the changing demands of consumers.

For instance, 1 Atelier, a U.S.-based start-up formed in 2015, allows customers to customize the color and hardware of their leather handbags. Strong brand recognition, along with an increasing number of companies entering the market, is driving the sales of leather goods in the market. E-commerce retail channels play a significant role in the distribution of leather goods as a considerable amount of market revenue is generated through these channels. Online sales channels make it easy for consumers to browse through millions of products in one place without having to physically visit retail stores. Millennials have been one of the prominent consumer segments driving the growth of online distribution channels.

According to the Global Online Survey data, the propensity of millennials to purchase leather goods through online platforms was almost twice that of Generation X in 2018. The increasing working population and the rising disposable income also drive market growth. Several companies enforce a corporate dress code, which supports the demand for leather shoes. The rising awareness regarding sustainable products offers a huge growth opportunity for products made from cruelty-free sources. Many celebrities have been opting for vegan fashion products, which influences consumers to conscientiously choose cruelty-free apparel.

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Leather Goods Market Report Highlights

The vegan leather in the global leather goods market is projected to register the highest CAGR of 10.2% during the forecast period.
Automotive accessories are projected to be the fastest-growing segment over the forecast period. Increasing demand for leather seats, due to the luxurious look it gives, will drive up its demand in the forecast period.
Leather footwear accounted for the largest share of revenue in the global leather goods market, 39.6%, in 2024.
Various brands, such as Nike, Puma, and Adidas, collaborate with celebrities to come up with new products that are priced higher than other products offered by the brands. For instance, Stella McCartney and Kanye West collaborated with Adidas. These trends are expected to impact the market for footwear over the forecast period.
Asia Pacific is projected to remain at the forefront, in terms of CAGR, over the forecast period. Led by countries such as China and India, the growth of the Asia-Pacific leather goods industry is driven by the increasing demand for premium and luxury products

Leather Goods Market Segmentation

Grand View Research has segmented the global leather goods market based on type, type by product, product, and region.

Type Outlook (Revenue, USD Million; Volume, Thousand Tons, 2021 - 2033)

Genuine Leather
Synthetic Leather
Vegan Leather

Type By Product Outlook (Revenue, USD Million; Volume, Thousand Tons, 2021 - 2033)

Genuine Leather
- Handbags
- Small Leather Goods/ Accessories
- Apparel
- Footwear
- Home Décor and Furnishing
- Pet Accessories
- Automotive Accessories
Synthetic Leather
- Polyurethane Leather
  - Handbags
  - Small Leather Goods/ Accessories
  - Apparel
  - Footwear
  - Home Décor and Furnishing
  - Pet Accessories
  - Automotive Accessories
- PVC Leather
  - Handbags
  - Small Leather Goods/ Accessories
  - Apparel
  - Footwear
  - Home Décor and Furnishing
  - Pet Accessories
  - Automotive Accessories
Vegan Leather
- Handbags
- Small Leather Goods/ Accessories
- Apparel
- Footwear
- Home Décor and Furnishing
- Pet Accessories
- Automotive Accessories

Product Outlook (Revenue, USD Million; Volume, Thousand Tons, 2021 - 2033)

Handbags
- Tote Bag
- Clutch
- Satchel
- Others
Small Leather Goods/ Accessories
- Wallets
- Pouches
- Phone Covers/Cases
- Watch Straps
- Others (Luggage Tags, Pencil Cases, etc.)
Apparel
- Men
  - Shirts
  - Pants
  - Suits, Coats & Jacket
  - Overalls
  - Others (Kilts, Vests, Chaps, etc.)
- Women
  - Skirts
  - Coats & Jackets
  - Pants
  - Others (Vests, Chaps, etc.)
- Children
  - Suits, Coats & Jackets
  - Vests
  - Pants
  - Skirts
  - Chaps
Footwear
- Athletic
  - Men
  - Women
  - Children
- Non-athletic
  - Men
  - Women
  - Children
Home Décor and Furnishing
- Decorative Wall Hangings
- Tabletop decorative items
- Hanging Storage
- Leather Furniture
- Others
Pet Accessories
- Pet Collar and Leads
- Leather Pet Toys
Automotive Accessories
- Seating Systems
- Others