Luggage And Leather Goods Market To Reach Around US$ 418.5 Billion By 2027
Rising demand for leather products for automotive application is expected to fuel the market growth of luggage and leather goods over the forecast period. According to the Colourlock, in 2017, -160,000 leather hides were daily processed for the car industry. 73% were chrome-tanned leather and 27% were chrome-free leather. 34.7% of the car industry's crusts were from South America, 27.8% from Europe, 19.2% from Asia, 14.3% from Central and North America and 4% from Africa. Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/luggage-and-leather-goods-market-3707
Rising demand for leather products for automotive application is expected to fuel the market growth of luggage and leather goods over the forecast period. According to the Colourlock, in 2017, -160,000 leather hides were daily processed for the car industry. 73% were chrome-tanned leather and 27% were chrome-free leather. 34.7% of the car industry's crusts were from South America, 27.8% from Europe, 19.2% from Asia, 14.3% from Central and North America and 4% from Africa.
Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/luggage-and-leather-goods-market-3707
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LUGGAGE<br />
& LEATHER GOODS<br />
MARKET<br />
<strong>Market</strong> Size (2019)<br />
<strong>US$</strong> 280.0 BN<br />
CAGR (2019 –<br />
<strong>2027</strong>)<br />
5.2%<br />
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Segmentation (Scope)<br />
<strong>By</strong> Product Type<br />
<strong>By</strong> Distribution Channel<br />
‣ <strong>Leather</strong> <strong>Goods</strong> ‣ <strong>Luggage</strong><br />
Footwear<br />
Rolling <strong>Luggage</strong><br />
Clothing and Apparel<br />
Duffle Bags<br />
Clutches and Wallets<br />
Suitcases and Briefcases<br />
Upholstery (Furniture & Automotive) Backpacks<br />
<strong>Leather</strong> Accessories<br />
<strong>To</strong>tes and Hand-luggage<br />
Others<br />
Others<br />
<br />
<br />
<br />
<br />
<br />
<br />
General Retailers<br />
Single Brand Stores<br />
Specialty and Multi-brand stores<br />
Unorganized small stores<br />
Online<br />
Others<br />
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Major Drivers<br />
Rising demand for the luxurious and<br />
premium products of leather such as<br />
footwear, hand bags, furniture and<br />
wallets<br />
Increasing demand for leather<br />
products due to its durable nature<br />
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NORTH<br />
AMERICA<br />
<strong>Market</strong> Size<br />
<strong>US$</strong> 79.8 BN<br />
EUROPE<br />
<strong>Market</strong> Size<br />
<strong>US$</strong> 92.4 BN<br />
CAGR<br />
4.8%<br />
Major Driver<br />
Growing demand for lightweight<br />
bags and luggage<br />
Major Drivers<br />
CAGR<br />
4.7%<br />
Rising demand for leather products<br />
Rising demand for luxury footwear<br />
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‣ Knoll. Inc.<br />
‣ American <strong>Leather</strong> Inc.<br />
‣ Aero <strong>Leather</strong> Clothing Ltd.<br />
Major<br />
Players<br />
‣ Samsonite International S.A.<br />
‣ VIP Industries Ltd.<br />
‣ LVMH Moet Hennessy Louis Vuitton SE<br />
‣ Timberland<br />
‣ Johnston & Murphy<br />
‣ Woodland<br />
‣ Hermes International SA<br />
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Global <strong>Luggage</strong> and <strong>Leather</strong> Good <strong>Market</strong>,<br />
Revenue Share (%), <strong>By</strong> Product Type, in 2018<br />
91.6%<br />
XX%<br />
<strong>Leather</strong> <strong>Goods</strong><br />
<strong>Luggage</strong><br />
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Global <strong>Luggage</strong> and <strong>Leather</strong> Good<br />
<strong>Market</strong> – Opportunity Analysis<br />
The growing<br />
demand for the<br />
lightweight<br />
bags and<br />
luggage<br />
Opportunity<br />
Analysis<br />
The increasing<br />
middle-group<br />
income and<br />
standard of<br />
living across the<br />
globe<br />
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