Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Luxury Leather Goods Market to reach USD 74.46 billion by 2027.

Global Luxury Leather Goods Market Size study, by Product (Footwear, Bags, Accessories and Others), Distribution Channel (Offline Retail and Online Retail) and Regional Forecasts 2021-2027

Product Code: OIRIGAS_51386883
Publish Date: 18-01-2021
Page: 200

Global Luxury Leather Goods Market is valued approximately USD 52.92 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.0 % over the forecast period 2021-2027. Luxury leather goods are made from the hides and skin of animals such as cattle, sheep, pigs, and others through a process called tanning. Best quality of leather is used in the manufacturing of these goods. Premium quality of the products; design, fitting, craftsmanship, quality are the main reasons for driving the growth of luxury leather goods market. Brand loyalty, urbanization, and changing lifestyle of the people has driven the market of luxury leather goods across the forecast period. Inclination of people towards trendy bags, premium wallets and classy shoes are driving the market for luxury leather goods. In addition to this, the increasing adoption of leather goods as they are dustproof, fireproof and crack proof which makes them more durable. According to the report of United States International Trade Commission, in 2017, the total footwear exports of US increased from $62 million in 2016 to $ 1.4 billion in 2017. Also, according to the report by India Brand Equity Foundation, in period 2019-2020, the Indian export of leather and leather products was $5.07 billion. According to a journal of Foundation de la Haute Horlogerie, in 2019, in the period 2018-2025, the luxury goods market is expected to grow from $260 billion to $320 billion. However, increasing trend of purchasing second hand branded goods, increasing market of first copy branded goods and high cost of luxury products is likely to restrain the growth of the market over the forecast period of 2021-2027. Also, with the increasing influence of social media influencers and celebrities, rise in development of sustainable and customized luxury goods, growing awareness regarding branded goods, and increase in disposable income of the people is likely to increase the market growth during the forecast period.

The main regions for the geographical study of the Global Luxury Leather Goods market are Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the most dominating region across the world in terms of market share due to the presence of prominent luxury brands and their manufacturing units and large consumer market for high end goods in the region. Over the projected period 2021-2027, Asia-Pacific is expected to have the highest growth. Factors such as increasing consumer awareness and brand awareness with increasing penetration rate for luxury Leather Goods would create lucrative growth prospects for the Luxury Leather Goods market across Asia-Pacific region.

Major market player included in this report are:
Giorgio Armani
Dolce & Gabbana
Kate Spade
Phillip Lim
PVH Corp. (Calvin Klein)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
By Distribution Channel:
Offline Retail
Online Retail
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Luxury Leather Goods Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Luxury Leather Goods Market, by Region, 2019-2027 (USD Billion)
1.2.2. Luxury Leather Goods Market, by Product, 2019-2027 (USD Billion)
1.2.3. Luxury Leather Goods Market, by Distribution Channel, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Luxury Leather Goods Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Luxury Leather Goods Market Dynamics
3.1. Luxury Leather Goods Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing adoption of leather goods Brand loyalty, urbanization, and changing lifestyle Premium quality of the products

3.1.2. Market Challenges Increasing trend of purchasing second hand branded goods Increasing market of first copy branded goods High cost of luxury products
3.1.3. Market Opportunities Increasing influence of social media Rise in development of sustainable and customized luxury goods Growing awareness regarding branded goods

Chapter 4. Global Luxury Leather Goods Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Luxury Leather Goods Market, by Product
5.1. Market Snapshot
5.2. Global Luxury Leather Goods Market by Product, Performance – Potential Analysis
5.3. Global Luxury Leather Goods Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.4. Luxury Leather Goods Market, Sub Segment Analysis
5.4.1. Footwear
5.4.2. Bags
5.4.3. Accessories
5.4.4. Others
Chapter 6. Global Luxury Leather Goods Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Luxury Leather Goods Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Luxury Leather Goods Market Estimates & Forecasts by Distribution Channel 2018-2027 (USD Billion)
6.4. Luxury Leather Goods Market, Sub Segment Analysis
6.4.1. Online Retail
6.4.2. Offline Retail
Chapter 7. Global Luxury Leather Goods Market, Regional Analysis
7.1. Luxury Leather Goods Market, Regional Market Snapshot
7.2. North America Luxury Leather Goods Market
7.2.1. U.S. Luxury Leather Goods Market Product breakdown estimates & forecasts, 2018-2027 Distribution Channel breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Luxury Leather Goods Market
7.3. Europe Luxury Leather Goods Market Snapshot
7.3.1. U.K. Luxury Leather Goods Market
7.3.2. Germany Luxury Leather Goods Market
7.3.3. France Luxury Leather Goods Market
7.3.4. Spain Luxury Leather Goods Market
7.3.5. Italy Luxury Leather Goods Market
7.3.6. Rest of Europe Luxury Leather Goods Market
7.4. Asia-Pacific Luxury Leather Goods Market Snapshot
7.4.1. China Luxury Leather Goods Market
7.4.2. India Luxury Leather Goods Market
7.4.3. Japan Luxury Leather Goods Market
7.4.4. Australia Luxury Leather Goods Market
7.4.5. South Korea Luxury Leather Goods Market
7.4.6. Rest of Asia Pacific Luxury Leather Goods Market
7.5. Latin America Luxury Leather Goods Market Snapshot
7.5.1. Brazil Luxury Leather Goods Market
7.5.2. Mexico Luxury Leather Goods Market
7.6. Rest of The World Luxury Leather Goods Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Giorgio Armani Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Gucci
8.2.3. Burberry
8.2.4. Valentino
8.2.5. Coach
8.2.6. Dolce & Gabbana
8.2.7. Kate Spade
8.2.8. Phillip Lim
8.2.9. Prada
8.2.10. PVH Corp. (Calvin Klein)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now