San Francisco, 19 March 2019: The Report Leather Goods Market Size, Share & Trends Analysis Report, By Distribution Channel
(E-commerce, Retail Stores), By Product (Footwear, Luggage, Accessories,
Others), By Material And Segment Forecasts, 2019 - 2025
The global leather goods market size is expected to reach USD 629.65 billion expanding at a CAGR of 5.4% by 2025, according to a new report by Grand View Research, Inc. The market growth is driven by the millennials and Generation Z as younger shoppers seek a personalized shopping experience that integrates both online and offline platforms. In the offline platforms, the availability of leather goods in retail stores has an affinity to showcase its content to a large number of audiences. In U.S. it was reported that 94% of all the purchases made in 2016 were through retail stores.
The major reasons driving the sale included
age, gender, and location. In the footwear product segment, casual shoes like
sneakers, slippers, and flats are gaining popularity, which is expected to
boost the segment growth in the coming years. The market for formal shoes is
expected to witness a significant growth over the forecast period owing to
constant innovations, in terms of products and designs. In the sports shoes
category, major manufacturers in the market including Adidas AG; Nike, Inc.;
New Balance Athletics, Inc.; and Sketchers USA, Inc. are increasingly focusing
on developing innovative technologies to enhance the stability of sports shoes
and make them more comfortable.
Application of leather in manufacturing
bags and wallets has increased significantly in the recent years. Among all
types of leather, synthetic leather has attained tremendous popularity as it is
softer than conventional leather and offers high durability. The growth of
casual footwear segment coupled with increasing online purchases is expected to
drive the leather goods market in North America over the forecast period.
Furthermore, rising number of athletes in the region and awareness about the
benefits of staying active and fit are anticipated to fuel the market growth.
Access Research Report of Leather Goods Market@ https://www.grandviewresearch.com/industry-analysis/leather-goods-market
Further key findings from the study suggest:
· Rubber & plastic material segment in
the footwear market is expected to witness the highest growth rate over the
forecast period
· E-commerce distribution channel in North
America was estimated as the largest segment of the leather goods market in
2017
· China was the largest market. The Asia
Pacific region is expected to be the fastest-growing regional market during the
estimated period.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global leather goods market on the basis of basis of distribution
channel, material, product, and region:
Leather Goods Distribution Channel
Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
·
E-Commerce
·
Retail Stores
·
Supermarkets/Hypermarkets
·
Others
Leather Goods Material Outlook
(Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
·
Footwear
·
Leather Products
Leather Goods Product Outlook (Volume, Million
Units; Revenue, USD Billion, 2014 - 2025)
·
Footwear
o
Military Shoes
o
Casual Shoes
o
Formal Shoes
o
Sports Shoes
o
Others
·
Leather products
o
Upholstery
o
Luggage
o
Accessories
o
Clothing & Apparel
o
Bags, Wallets, & Purses
o
Others
Leather Goods Regional Outlook
(Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Leather Goods Market@ https://www.grandviewresearch.com/press-release/global-leather-goods-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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Information: www.grandviewresearch.com
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