PUBLISHER: Grand View Research | PRODUCT CODE: 1888930
PUBLISHER: Grand View Research | PRODUCT CODE: 1888930
The global leather goods market size was valued at USD 266.82 billion in 2024 and is expected to reach USD 538.23 billionby 2033, growing at a CAGR of 8.4% from 2025 to 2033. The global leather goods market is driven by rising consumer demand for premium fashion accessories, increasing disposable incomes, and the growing influence of luxury branding.
Additionally, advancements in leather processing technologies and the expansion of e-commerce platforms further fuel market growth. The global leather goods market is propelled by the rising popularity of sustainable and ethically sourced leather products, along with innovations in design and functionality. Expanding urbanization and changing lifestyle preferences are increasing the demand for stylish and durable leather items. Moreover, collaborations between fashion brands and designers are enhancing product appeal and market visibility. For instance, in September 2024, TOD'S SPA collaborated with the designer Rahul Mishra to introduce a capsule collection, emphasizing artisanal craftsmanship from Italy and Indian embroidery.
The global leather goods market is driven by consumers' growing focus on purchasing environmentally friendly products. The growing demand for vegan leather is propelling the growth of the leather goods market. These leathers are not made from animal skin, which is a major factor that attracts consumers to products made from vegan leather. According to the Alliance for Sustainability data published in July 2025, about 70% Americans agree that the companies should invest in vegan alternatives.
The increasing adoption of designers worldwide develops and showcases new apparel through fashion shows & events, thereby attracting more consumers toward leather clothing is a major trend in the market. The fashion shows are the highlight, which showcase the versatility and luxury of leather goodskets, pants,including handbags, wallets, and footwear. Additionally, these fashion shows are becoming animal-friendly and banning all the goods made from animal skins. For instance, in November 2024, London Fashion Week banned products made from animal skins such as crocodiles, alligators, and snakes from their collection and became the first of four fashion weeks.
Some of the prominent trends related to leather goods in 2025 include sustainability, minimalistic design, versatility, and traditional excellence. The manufacturers of leather goods are banking on developing leather goods that are sourced ethically and are eco-friendly in nature. For instance, in April 2024, vegan handbag brand HIE launched a new collection of crossbody and tote bags crafted with 100% vegan leather (animal-free) and emphasised sustainable manufacturing practices. Apart from aesthetics, manufacturers are focusing on developing goods that are not only spacious or large in size but also symbolize the sophistication of fine craftsmanship.
Global Leather Goods Market Report Segmentation
This report forecasts revenue growth at the regional and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the global Leather Goods report on the basis of type, type by product, product, and region.