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Leather Goods Market

Global Leather Goods Market is slated to witness considerable gains through 2032.

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Leather Goods Market

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  1. Leather Goods Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast Till 2032 Global Leather Goods Market is slated to witness considerable gains through 2032. Consistently improving per capita incomes in developed and developing economies has increased consumer spending on luxury products made of leather, presenting growth pathways to the industry. Moreover, leather goods are perceived as high-end products, and are widely popular amongst the middle and upper-income groups. Leather goods manufacturers globally have been opting for mergers and acquisition strategies to retain their industry standing. To illustrate, in December 2021, Nike, Inc., an American multinational corporation acquired RTFKT, a prominent brand offering collectibles that merge gaming and culture. It helped the company accelerate its digital transformation and serve sports enthusiasts better. Get sample copy of this research report @ https://www.gminsights.com/request- sample/detail/5557 The overall leather goods industry is divided in terms of type, product, distribution channel, and region. Based on type, the leather goods market size from vegan leather segment is poised to grow substantially through 2032, owing to the accelerating transition toward sustainable and cruelty-free products. Industry players such as Puma Inc., Nike, Adidas AG, and others are focusing on manufacturing shoes made of vegan leather as part of their sustainability efforts. In fact, in February 2022, Puma Inc., a premium sports company, announced the launch of KING Platinum 21 Vegan, its first-ever vegan leather football boot. Based on product, the leather goods industry share from the footwear segment is anticipated to record a valuation of more than USD 35 billion by 2032, owing to the availability of a wide range of leather footwear. Leather footwears have high durability and breathability, making them suitable for long-term use. Moreover, many players in this space are focusing on launching high-quality leather footwear, specifically in the shoe segment, which is likely to favor segment expansion. On the basis of distribution channel, the leather goods market value from the hypermarket/supermarket segment is expected to grow at a considerable CAGR from 2023 to 2032, owing to the availability of expansive product ranges in these stores. These facilities offer goods at lower prices than specialty stores, which makes them popular amongst middle-income groups. Moreover, the growing number of hypermarkets/supermarkets across the globe has increased the footfall of consumers for luxury goods. From the regional perspective, Asia Pacific leather goods industry is slated to grow at over 11% CAGR from 2023 to 2032. Rising income levels and rapid urbanization has increased consumer spending on high-quality luxury products such as leather goods. In fact, emerging economies such as India and China are major producers and exporters of © 2023All Rights Reserved www.gminsights.com

  2. leather globally. As per India's IBEF, in 2021-22, the country's total export of leather and leather products was valued at USD 4.87 billion, indicating a 32% increase from the previous year. Request for customization @ https://www.gminsights.com/roc/5557 Table of Contents (ToC) of the report: Chapter 1 Methodology and Scope 1.1 Market definitions 1.2 Base estimates and working 1.3 Forecast calculations 1.3.1 COVID-19 impact parameters 1.3.1.1 North America 1.3.1.2 Europe 1.3.1.3 APAC 1.3.1.4 MEA 1.3.1.5 LATAM 1.4 Data Sources 1.4.1 Primary 1.4.2 Secondary 1.4.2.1 Paid Sources 1.4.2.2 Public Sources Chapter 2 Executive Summary 2.1 Leather Goods industry 360° synopsis, 2018 – 2032 2.1.1 Business trends 2.1.2 Type trends 2.1.3 Product trends 2.1.4 Distribution Channel trends © 2023All Rights Reserved www.gminsights.com

  3. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/leather-goods-market About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: 1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email:sales@gminsights.com © 2023All Rights Reserved www.gminsights.com

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