Grand View Research’s leather goods industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.
Areas of Research
Number of Reports/Presentations in the Bundle
1 Sector Outlook Report (PDF) + 7 Summary Presentations for Individual Areas of Research (PDF) + 1 Statistic ebook (Excel) + 7 Individual Databook (Excel)
Cumulative Coverage of Countries
Cumulative Coverage of Products
15 + level 1 & 2 Products
Highlights of Datasets
Leather Goods Industry
USD 242.85 billion in 2022
6.6% CAGR (2023-2030)
Leather Handbags Market Size
USD 37.32 billion in 2022
6.8% CAGR (2023-2030)
Small Leather Goods/ Accessories Market Size
USD 21.79 billion in 2022
5.8% CAGR (2023-2030)
Leather Apparel Market Size
USD 42.84 billion in 2022
6.0% CAGR (2023-2030)
Leather Footwear Market Size
USD 95.37 billion in 2022
7.0% CAGR (2023-2030)
Leather Home Decor and Furnishing Market Size
USD 16.64 billion in 2022
5.3% CAGR (2023-2030)
Leather Pet Accessories Market Size
USD 1.10 billion in 2022
4.4% CAGR (2023-2030)
Leather Automotive Accessories Market Size
USD 27.79 billion in 2022
7.3% CAGR (2023-2030)
The leather goods industry is projected to experience growth owing to several factors, including an increase in consumer disposable income, improved living standards, evolving fashion trends, and the rise in domestic and international tourism. The demand for stylish and comfortable leather apparel, leather goods, and accessories is on the rise, driven by growing brand awareness among consumers. These factors collectively contribute to a favorable outlook for the leather goods sector.
The growing awareness of fashion among consumers has played a crucial role in driving the demand for leather goods, prompting numerous brands to diversify their product offerings. Not only established labels and brands but also smaller and more affordable manufacturers have gained significance in the leather goods industry. Moreover, startups have emerged to cater to the customization needs of consumers, offering tailored leather products that align with their specific preferences. The market is growing due to rising employment and disposable income. Among footwear options, sneakers have experienced the most significant growth in sales due to the rising demand for fashionable and comfortable shoes. The sneaker segment faces fierce competition, as luxury fashion brands like Balenciaga, Gucci, and Prada have entered the market, competing with well-established athletic brands such as Nike and Puma.
The significant growth in e-commerce retail sales due to factors such as increased consumer spending, expanding population, and improved internet accessibility further created ample growth in the leather goods industry. The online retail industry’s growth is further boosted by the introduction of mobile shopping applications and the availability of secure and convenient payment gateways. Notably, fashion blogs and popular social media platforms like Pinterest and Instagram play a crucial role in shaping fashion trends, thereby positively impacting the leather goods sector.
The leather handbag market is gaining popularity due to the rising demand from the millennial population. Brands such as Gucci, Prada, and Louis Vuitton are popular among both men and women across the globe. Evolving trends such as the introduction of new colorful leather handbags available in different shapes and sizes are expected to boost this segment’s growth. With a busy life and hectic work schedule, consumers are looking for a leather tote that is elegant, fashionable, and trendy as well as enables them to carry all their daily essentials hassle-free. Tote bags are quite spacious and can be used for both formal and casual occasions.
The application of leather in manufacturing bags has increased significantly in recent years. Among all types of leather, synthetic leather has achieved tremendous popularity, as it is softer than conventional leather and offers high durability. Synthetic leather bags are easy to maintain as they are lightweight, breathable, waterproof, and scratchproof. Low cost has also been a major factor in propelling the demand for synthetic leather tote bags in the leather handbags segment. The rise in the demand for designer leather clutches has been prominent in the last few years. Brands such as Baggit, Solo, Zara, Lavie, Michael Kors, and Fossil offer innovatively designed, quality, fashionable clutches that are spacious and easy to carry while traveling. Consumers opt for clutches as they are small and stylish as well as complement their specific looks.
The growth of the small leather goods market is propelled by the increasing demand for fashionable small leather accessories such as wallets, phone covers, watch straps, and pouches. Consumers are seeking highly durable and sleek leather accessories to meet their needs. Leather wallets and pouches are popular choices for everyday cash storage due to their durability and style. Unlike hard materials such as nylon or plastic that can cause discomfort, leather remains smooth even when folded, making it more comfortable to carry in one's pocket.
The increasing number of internet users in emerging and developed countries is likely to propel the demand for small leather goods/accessories products available through online channels. Furthermore, various popular brands such as Levi’s, Timberland, and Tommy Hilfiger offer a wide range of wallets and pouches through prominent e-commerce sites including Amazon and eBay. The internet has given consumers the flexibility to shop at their convenience through their laptops, tablets, mobile phones, or personal computers. This, in turn, has redefined the customer experience and helped product manufacturers reach a wider consumer base.
Continuously evolving personal grooming as well as fashion habits among men and women along with the subsequent demand for comfort wear, has been driving this market growth. Rising product availability with a range of unique designs, color combinations, prints, and customized designs in leather shirts for men has been driving segment growth. Furthermore, the increased preference among men for leather shirts that are lightweight and come with customized designs to add distinction to the clothing has resulted in higher penetration of leather shirts for men.
Rising trend of leather pants that are significantly softer and more comfortable to wear than jeans has boosted the concept of leather pants among men. Consumers are willing to try products that are new in the market in terms of design and this outlook has gradually enthused many manufacturers to come up with variations in material, color, and size of the jackets and coats made for men. Manufacturing brands operating in the leather apparel market have been considering it a great opportunity and hence, have been designing products to cater to the consumer segment.
The rising inclination toward outdoor activities is one of the major drivers contributing to the market’s growth. Sports such as golf & hockey, outdoor activities like hiking & cycling, and indoor activities like gymming have always been popular among men, spurring the demand for men’s leather athletic footwear. The leather footwear offers high breathability, durability, and comfort to the feet while performing agile movements during exercise. Additionally, the increasing number of product launches catering to specific sports categories will support boosting market growth.
The increasing tendency of men from all age groups to spend on leather products is fueling the growth of the leather footwear market. Moreover, the growing popularity of fashionable, durable, and comfortable footwear that allows men to flaunt their style has further spurred product demand. Children’s footwear has witnessed a transition from soft dressing to trend-led products, owing to the expanding role of fashion in the children’s apparel and footwear buying process, which has increased the frequency of purchases. Thus, with the rising number of purchases, manufacturers are developing leather footwear in various designs and comfort levels considering the latest fashion trends including printed leather shoes to allure the consumers.
Increasing expenditure of people on home furnishing and renovation has been a factor driving the leather home decor & furnishing market growth. According to the International Monetary Fund, the global housing market has been steadily climbing up as of 2022. Another important factor is the housing index, which reflects changing prices of residential properties. The leather furniture segment includes a diverse range of products like dining sets, rocking chairs, and recliner chairs. The market for leather furniture involves a myriad range of regional and domestic manufacturers globally, and each player, to create a unique position in the market and to sustain customers, has been focusing on continuous product evolutions.
Rising consumer inclination towards luxury decorative products, along with an increasing number of houses being purchased or rented every year, is influencing the growth of the segment. Similarly, the demand for leather tabletop products such as desk organizers, remote holders, and stackable holders that are used often has also been influencing the market positively. Leather-made hanging storage has become a major design element in houses with shifting consumer preferences. Moreover, it is suitable in the living room, dining room, and kitchen, which has propelled the product demand. Manufacturers and interior designers involved in making home artifacts offer aesthetically appealing styles, patterns, textures, and comfortable storage products for homes and offices with contemporary looks and designs.
High demand for pet care products & boarding services, coupled with a rise in the adoption of pets, is estimated to drive the leather pet accessories market growth. According to American Pet Products Association, people in the country spent over USD 136.8 billion on pets in 2022, a significant increase from USD 123.6 billion in 2021. In addition, increasing government animal healthcare organizations and rising awareness of veterinary health are swiftly boosting the investment by manufacturers in pet toys in the market. Moreover, according to the 2019-2020 APPA National Pet Owners Survey, 67% of U.S. households own a pet, which equates to 84.9 million homes.
The growing popularity of pet animals, including cats and dogs, has surged product demand in the market. According to the American Society for the Prevention of Cruelty to Animals, approximately 3.3 million dogs enter animal shelters every year in the U.S. and 23% of dogs owned by people in the U.S. are adopted from these shelters. Playing with dogs helps reduce depression, encourages exercise, enhances cardiovascular health, and reduces stress. An increase in the adoption of pets is expected to boost the demand for collars and leads.
Increasing automobile production coupled with the growing requirement for sophisticated and alluring interiors is driving the leather automotive accessories market growth. Unlike leather used in luggage or apparel, the leather used in automotive interiors needs to be harder and durable enough to resist stains, fading, and people sliding across. Automotive leather can be of various types and comes in different styles like aniline, semi-aniline, and pigmented (coated/protected) leather. Among these, pigmented leather is used in most automobiles. On the other hand, aniline and semi-aniline leather types are a little expensive and mostly found in higher-end vehicles and older specialty vehicles.
The growing automobile modifications, the availability of accessories, and the increasing number of independent service providers are driving the segment’s growth. Leather-based interior accessories in automotive are witnessing high acceptance in medium, and moving down further into lower-priced vehicles, which is further driving the growth. This segment includes various types of automotive accessories, including steering brands, storage bags, and seat organizers. A leather or leather-trimmed interior adds comfort and style to any car, which has spurred product demand.
The presence of numerous well-established companies such as Adidas AG; Nike, Inc.; Puma SE; Fila, Inc.; New Balance Athletics, Inc.; Knoll, Inc.; and Samsonite International S.A. characterizes the leather goods market. These manufacturers are expected to experience growth opportunities driven by the increasing demand for leather goods, particularly in emerging economies spanning North America, Europe, Asia Pacific, and Central & South America. To develop their product specifications and expand their market presence, various companies are engaging in various strategies, thereby heightening competition in the projected period. Key players are concentrating on strategic measures such as product launches, acquisitions, sponsoring events, collaborations, participating in industry events, and expanding their operations to bolster revenue growth and strengthen their global market position.
In June 2023, Authentic Brands Group (Authentic), a renowned global platform for brand development, marketing, and entertainment, collaborated with the ALDO Group, a fashion retailer and wholesaler, to introduce an extended range of men's footwear and small leather goods for Brooks Brothers. Brooks Brothers, a beloved and well-established American brand, will benefit from this partnership.
In May 2023, Adidas AG and Prada collaboratively launched "Adidas Football for Prada," a collection that presents specially designed versions of iconic Adidas AG football boots. These product launches seamlessly blend Prada's sophisticated aesthetic with Adidas AG's cutting-edge football technologies. The collection introduced fresh interpretations of three major Adidas AG products: the Predator Accuracy, the Copa Pure, and the X Crazyfast.
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