Global Leather Goods Market By Overview
Prophecy Market Insights has recently published its insights on “Global Leather Goods Market” for the forecast period of 2018-2029.
Leather goods are highly popular among consumers as they have inherent qualities such as dustproof, fireproof, crack proof, and durability which is expected to increase growth of leather goods market. Moreover, growing demand for trendy hand bags, premium leather wallets, and other leather products is influencing growth of leather goods market from last few years.
Europe to grow at the highest CAGR during the forecast period
Europe has the largest market and is expected to dominate the global market over the forecast period due to presence of key players in this region.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The global leather goods market report segments the market on the basis of type, distribution channel and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the global leather goods market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global leather goods market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the global leather goods market. For instance, In 2014, Coach, Inc. opened its first flagship store in Paris, which is located at one of the most prestigious shopping districts in the region.
- Prada S.p.A
- Samsonite International S.A.
- Louis Vuitton
- Hermes International S.A.
- Coach, Inc.
- Kering SA
- Delsey S.A.
- Christian Dior SE
- Tumi Holdings, Inc
- VIP Industries Limited.
Prophecy Market Insights offers required customization on this report according to specific business requirements.
FAQs
The leather goods market report segmented into type, distribution channel and region.
Factors driving market growth include the timeless appeal of leather products, the demand for premium and luxury goods, and innovations in design and craftsmanship.
Global restraints may involve ethical concerns related to leather production, competition from alternative materials, and economic factors affecting consumer spending on luxury items.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the Leather Goods Market, displaying a significantly high revenue share over the forecast period.
The key players operating in the luxury fashion and luggage industry include Prada S.p.A, Samsonite International S.A., Louis Vuitton, Hermes International S.A., Coach, Inc., Kering SA, Delsey S.A., Christian Dior SE, Tumi Holdings, Inc., and VIP Industries Limited.