Global Leather Goods Market Analysis 2019-2025 Leather Goods Market

Global Leather Goods Market Recent Study Including Growth Factors, Applications,
Regional Analysis, Key Players and Forecast till 2025
Growing innovation in leather goods design along with the addition of new features will
boost the Leather Goods Market in the upcoming year. Moreover, the major factor driving
the market growth is the rise in consumer preference for branded leather goods and
improvement in distribution network such as the opening of new retail stores in various
cities. Furthermore, growth in consumer awareness about the latest fashion trends in the
world in the account of massive internet penetration and rising adoption of social media
platforms which is expected to trigger the global leather goods market.
According to BlueWeave Consulting, The global Leather Goods market is expected to grow
with a significant rate during the forecast period 2018-2025 owing to growth in disposable
income, improved living of standards, changing fashion trends, and growing domestic and
international tourism.
Footwear Products of Leather Goods market is projected to be the leading
segment of the overall market during the forecast period
On the basis of Products type, the Leather Goods market has been segmented into
Footwear, Luggage, Wallets & Purses, Apparel, and Others. By product type, Footwear
segment dominates the global Leather Goods in the account of increasing inclination of
consumer towards comfortable and high-quality leather products, increment in per capita
coupled with spending on consumer goods. Luggage segment will drive by the availability of
stylish and designed with luggage products offered by market players in online and retail
stores both. Purses and wallets market will influence by changing in consumers preference
for purses and wallets which are comfortable and stylish products.
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E-commerce is projected to the leading distribution channel for providing of the
Leather Goods during the forecast period
On the basis of distribution, the global Leather Goods market has been segmented into E-
commerce and retail stores. By distribution channel, E-commerce will lead the market due
to increasing penetration of internet users across the globe along with the availability of
comfortable & designed products with lower prices than a conventional store. Retail stores
segment will drive rapid urbanization & industrialization which lead to the growth of retail
stores in smaller cities to easily reachable by any consumers.
Asia accounts for lion’s share of the global Leather Goods market during the
anticipated period.
On the basis of region, the Leather Goods market has been segmented into North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia dominates the world
Leather Goods market over the forecast period owing to home for major leather goods
manufacturing companies coupled with economic growth in China and India. North America
is projected to be the fastest growing market throughout the forecast period due to the
rapid expansion of online e-commerce companies.
Global Leather Goods Market Competitive Landscape
Companies, such Tosoh, Iluka Resources, Tronox, Richards Bay Minerals, Foskor, Alkane
Resources, Astron, Kenmare Resources, Moly, Astron Advanced Materials, Wah Chang,
Australian Zircon, EI DuPont de Nemours, Bemax Resources, Exxaro Resources, Luxfer
Group, Rio-Tinto, Smartac Group China Holdings, and Namakwa Sand are the key players in
manufacturing Leather Goods.