PUBLISHER: The Business Research Company | PRODUCT CODE: 1931425
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931425
Leather goods encompass articles crafted from leather, which is derived from chemically treated animal skins and hides to prevent decomposition. Known for its strength, flexibility, and durability, leather is utilized in various lifestyle products for personal use or to convey a sense of social status.
The main types of leather used in bulk leather goods include full-grain leather, split-grain leather, genuine leather, faux leather, and bonded leather. Full-grain leather is a smooth leather derived from the top layer of the hide, retaining all of the natural grain. These leather goods comprise a diverse range of products, including footwear, handbags, apparel, luggage, wallets, belts, and more. These products are categorized into high-grade and mid-grade, and they are distributed through channels such as specialty stores, company-franchised stores, e-commerce platforms, supermarkets, hypermarkets, and other distribution channels. Leather goods cater to various applications for men, women, and children.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the leather goods market by increasing costs of imported raw hides, processed leather, metal fittings, and accessories used in footwear, handbags, and apparel manufacturing. Europe and Asia-Pacific are most affected due to cross-border sourcing of leather materials and finished goods, while North America faces higher import costs for premium products. These tariffs are increasing retail prices and pressuring margins for manufacturers and brands. However, they are also encouraging local sourcing, regional manufacturing hubs, and investments in alternative and synthetic leather materials.
The leather goods market research report is one of a series of new reports from The Business Research Company that provides leather goods market statistics, including leather goods industry global market size, regional shares, competitors with a leather goods market share, detailed leather goods market segments, market trends and opportunities, and any further data you may need to thrive in the leather goods industry. This leather goods market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The leather goods market size has grown strongly in recent years. It will grow from $431.09 billion in 2025 to $464.8 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing global demand for fashion accessories, expansion of luxury consumption trends, availability of skilled leather craftsmanship, rising disposable incomes in urban regions, strong brand heritage in leather products.
The leather goods market size is expected to see strong growth in the next few years. It will grow to $618.07 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increasing focus on eco-friendly tanning processes, rising penetration of online luxury retail, growing demand for personalized leather goods, expansion in emerging luxury markets, higher adoption of digital branding strategies. Major trends in the forecast period include increasing demand for sustainable leather alternatives, rising adoption of e-commerce and direct-to-consumer channels, growing focus on premium and custom leather products, expansion of brand authentication technologies, enhanced use of digital design and prototyping.
The upward trajectory of consumer spending is poised to be a significant driver for the leather goods market. Consumer spending, encompassing the total expenditures by individuals or households on goods and services within a specific period, has seen a notable rise. In the third quarter of 2023, consumer spending in the United States increased to $15,494.21 billion from $15,343.60 billion in the second quarter of the same year. This heightened consumer spending contributes to the purchase of premium products, including leather goods, indicating a positive influence on the growth of the leather goods market.
Major companies in the leather goods sector are engaging in strategic partnerships to introduce innovative leather products. In April 2023, Rashki, an India-based fashion brand, collaborated with Banofi Leather, an India-based leather company, to launch India's first-ever range of handbags made from banana leather. Utilizing an innovative process developed by Banofi, these handbags are created from banana crop waste, providing a robust leather alternative. Such partnerships contribute to the evolution of the leather goods market through the introduction of sustainable and innovative products.
In May 2023, LVMH, a France-based luxury goods company, acquired Nuti Ivo SpA Group for an undisclosed amount. This acquisition is part of LVMH's strategy to create synergies between its beauty and leather goods segments, potentially enabling integrated marketing campaigns and co-branding opportunities. Nuti Ivo SpA Group is an Italy-based manufacturing company that produces leather goods for various industries, including footwear, clothing, and luxury brands. This move is expected to enhance LVMH's product offerings and strengthen its position in the luxury market.
Major companies operating in the leather goods market are Kering SA, Hermes International S.A., Louis Vuitton SE, Samsonite IP Holdings S.AR.L., Timberland LLC, Johnston And Murphy, Woodland, PRADA Spa, VIP Industries Ltd., VF Corp., LUCRIN Geneva, Nappa Dori, Saddles India Pvt. Ltd., Alma Leather, American Leather Operations LLC, Belstaff, Bottega Veneta, Brunello Cucinelli, Burberry, Capri Holdings Limited, Chanel, Coach, Fendi, Giorgio Armani, Gucci, Jack Georges
Europe was the largest region in the leather goods market in 2025. Asia-Pacific is expected to be the fastest-growing region in the leather goods market report during the forecast period. The regions covered in the leather goods market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the leather goods market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The leather goods market consists of sales of various leather goods such as furniture, soft furnishings, saddles, bridles, and more. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Leather Goods Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses leather goods market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for leather goods ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The leather goods market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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