Leather And Allied Products Market Future Trends, Size, Growth And Forecast 2033

Overview and Scope

Leather and allied products refer to a class of products that transform hides into leather by curing or tanning them, then creating finished goods out of the leather. The leather is made from material made from animal skin that has been tanned, hair removed, and made smooth and flexible. Rubber footwear, textile luggage, and plastic purses or wallets are examples of leather substitute products included in this market.

Sizing and Forecast

The leather and allied products market size has grown strongly in recent years. It will grow from $389.75 billion in 2023 to $424.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%.  The growth in the historic period can be attributed to increased disposable income and living standards, rise in foreign direct investments, strong economic growth in emerging markets and technology developments.

The leather and allied products market size is expected to see strong growth in the next few years. It will grow to $592.82 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.  The growth in the forecast period can be attributed to increasing demand for online shopping, the growing domestic and international tourism, increasing penetration of social media, rise in motorcycle sales and growing demand for sportswear and performance wear. Major trends in the forecast period include launching of different types of leather such as vegan leather, dritan leather, strategic partnerships and investments.

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Segmentation & Regional Insights

The leather and allied products market covered in this report is segmented –

1) By Type: Leather Footwear, Non-Leather Footwear, Leather Luggage, Hand Bags and Other Goods, Non-Leather Luggage, Hand Bags and Other Goods, Leather Tanning

2) By Leather Type: Full- Grain Leather, Top-Grain Leather, Split Leather, Bonded Leather

3) By Distribution Channel: Online, Offline

4) By Application: Automotive, Furniture, Consumer Goods

Asia-Pacific was the largest region in the leather and allied products market in 2023. Western Europe was the second largest region in the leather and allied products market. The regions covered in the leather and allied products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

Increasing demand for online shopping is expected to drive the leather and allied products market. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the leather and allied products market. In countries such as India, for instance, e-commerce portals have boosted the sales of these products by giving larger exposure to producers who were confined to one geography.

Key Industry Players

Major companies operating in the leather and allied products market report are LVMH Moët Hennessy Louis Vuitton, Kering SA, Hermès International S.A., Nike Inc, Adidas AG, VHSP Pty Ltd, Rimowa Cz Spol. S R. O, Changge Yixing Leather Co Ltd, Tapestry, Inc., Australia Pty Ltd, ASICS Corporation, Zdzblo Galanteria Skorzana Sp. z oo sp. k., Elena Pieles Argentinas Srl, Chemcrown Exports Limited, Joshua Pitt Pty Ltd, Eagle Ottawa China Ltd., A V Thomas Leather and Allied Products Limited, Bowron G.L., Christian Dior SE, Acknit Industries Limited, Bhartiya International Limited, Australian Leather Holdings Ltd, Jiangsu Maydiang Leather Goods Co Ltd, Giovanni RawHides, Kowro Bags, Nilpel L.L.C, Pangea Made Gmbh, Prada S.p. A, Walfertan Processors Pty Ltd, Zatchels, Buenos Aires Holding LLC, Zoela SA, Platypus Manufacturers Pty Ltd, Complete Leather Goods Afifi for Trading, J.Y.S. Enterprise Inc, Romed SRL, Slightly Alabama, Puma SE, Saudi Leather Industries Company SLIC, Xingye Leather Technology Co Ltd, Lotuff Leather, Packer Leather Pty Ltd, Onerom Impex SRL, San Javier caprinos S.R.L, Norpol Sp. z o.o., G.H. Michell & Sons Pty Ltd, Mercatto Group Company, The Yellow Bear Company, VKP LT OOO, Jacksons Tannery Pty Ltd, Golden Down Ltd, Datong Ltd, Anhui Anli Material Technology Co Ltd, Frank Clegg Leathergoods, American Leather Co, Monapetpee nig ltd, Murgon Leather Company Pty Ltd, Noah Waxman, KOZHA AO, Sharlene Ltd, Capri Holdings Limited, Corter Leather, Aleen And Ammar Trading Est., Cooperativa Dos Produtores De Avestruz Da Bahia, Skechers USA, Inc., Heller-Leder GmbH & Co. KG, AlOthmanFashion, Mtms Leather Shoes

The leather and allied products market report table of contents includes:

1. Executive Summary

2. Leather And Allied Products Market Characteristics

3. Leather And Allied Products Product/Service Analysis -Product/Service Examples

4. Leather And Allied Products Market Trends And Strategies

5. Leather And Allied Products Market - Macro Economic Scenario

6. Global Leather And Allied Products Market Size and Growth

7. Leather And Allied Products Market Segmentation

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70. Key Mergers And Acquisitions In The Leather And Allied Products Market

71. Leather And Allied Products Market Future Outlook and Potential Analysis

72. Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Leather And Allied Products Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Leather And Allied Products Market, Segmentation By Leather Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Leather And Allied Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 145: LVMH Moët Hennessy Louis Vuitton Financial Performance

Table 146: Kering SA Financial Performance

Table 147: Hermès International S.A. Financial Performance

Table 148: Nike Inc Financial Performance

Table 149: Adidas AG Financial Performance

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