Market Overview:
The global luxury leather bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luxury leather bags from women, rising disposable income, and growing popularity of online shopping. In terms of type, cowhide leather is expected to hold the largest share in the global luxury leather bags market during the forecast period. This can be attributed to its durability and natural appearance. Synthetic leather is projected to grow at a high CAGR during the forecast period as it offers various benefits such as resistance against wear and tear, water-resistance, and easy maintenance.
Product Definition:
Luxury Leather Bags are high-end, designer bags made from premium leather. They are often very expensive and can be quite luxurious. Luxury Leather Bags are important because they are a status symbol and can be used to show off wealth or sophistication.
Cowhide Leather:
Cowhide leather is the hides of bovine animals, processed into a usable form. It has witnessed tremendous growth in demand over the last few years and this trend is expected to continue owing to its unique properties including high tensile strength, durability and rich aesthetic appeal. Cowhides are used for producing high-end handbags which have gained significant popularity among women as a status symbol as well as an investment.
Lambskin Leather:
Lambskin leather is a type of leather made from the skin of lambs. It has high moisture content and low collagen, which makes it less stiff and more flexible than other types of hides. Lambskin is often used for making wallets, gloves, handbags, belts as well as apparel. The lower cost compared to other types of luxury leather bags such as cattle or Buffalo hide makes lambskin a preferred choice among manufacturers across the globe.
Application Insights:
The handbag application segment led the global luxury leather bags market in 2017. Luxury handbags are gaining popularity among working-class women as well as high-class women. Increasing demand for versatile, designer and unique handbags is expected to drive the segment over the forecast period.
Wallet is another important application of luxury leather bags. These wallets are made of calfskin or lambskin and have compartments for storing money, cards and other items required on a daily basis such as keys, bills and receipts.
Regional Analysis:
Europe dominated the global market in 2017. The region is expected to witness growth over the forecast period owing to increasing demand for luxury leather bags from countries, such as Germany, Italy, France and U.K. Asia Pacific is projected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 due to rising disposable income and changing consumer preferences towards western fashion trends influenced by celebrities and social media. Moreover, high product visibility in e-commerce websites will drive regional product sales over the next eight years.
The North American market also accounted for a significant share of revenue in 2017 owing with high demand for luxury leather products across countries like U.S.
Growth Factors:
- Increasing disposable income of consumers: The growth in the luxury leather bags market is mainly attributed to the increasing disposable income of consumers, especially in developing countries. This has led to an increase in demand for luxury products, including luxury leather bags.
- Changing lifestyle and fashion trends: Another key factor driving the growth of the global luxury leather bags market is changing lifestyle and fashion trends. Consumers are now more inclined towards purchasing luxurious items that can enhance their appearance and status.
- Growing popularity of online shopping: The growing popularity of online shopping has also contributed to the growth of the global luxury leather bags market, as it offers a convenient platform for consumers to purchase these products at affordable prices from various retailers across the globe.
- Rising number of tourists: The rising number of tourists is also contributing significantly to the growth of the global luxury leather bags market as they are spending more on these products while travelling abroad or within their home countrys borders..5
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Leather Bags Market Research Report
By Type
Cowhide Leather, Lambskin Leather, Synthetic Leather
By Application
Handbag, Wallet, Other
By Companies
LVMH, Kering, Tapestry, Hermes, Burberry, Prada Group, Richemont Group, Salvatore Ferragamo, CHANEL, Fossil Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Leather Bags Market Report Segments:
The global Luxury Leather Bags market is segmented on the basis of:
Types
Cowhide Leather, Lambskin Leather, Synthetic Leather
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Handbag, Wallet, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LVMH
- Kering
- Tapestry
- Hermes
- Burberry
- Prada Group
- Richemont Group
- Salvatore Ferragamo
- CHANEL
- Fossil Group
Highlights of The Luxury Leather Bags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cowhide Leather
- Lambskin Leather
- Synthetic Leather
- By Application:
- Handbag
- Wallet
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Leather Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury leather bags are made from the finest quality of leather, and they often come with a high price tag. They are perfect for those who want to show off their wealth and status, and they can be used for a variety of purposes. Some people use them as wallets, while others use them to store their belongings.
Some of the major players in the luxury leather bags market are LVMH, Kering, Tapestry, Hermes, Burberry, Prada Group, Richemont Group, Salvatore Ferragamo, CHANEL, Fossil Group.
The luxury leather bags market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Leather Bags Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Luxury Leather Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Leather Bags Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Luxury Leather Bags Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Luxury Leather Bags Market Size & Forecast, 2018-2028
4.5.1 Luxury Leather Bags Market Size and Y-o-Y Growth
4.5.2 Luxury Leather Bags Market Absolute $ Opportunity
Chapter 5 Global Luxury Leather Bags Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Luxury Leather Bags Market Size Forecast by Type
5.2.1 Cowhide Leather
5.2.2 Lambskin Leather
5.2.3 Synthetic Leather
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Leather Bags Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Luxury Leather Bags Market Size Forecast by Applications
6.2.1 Handbag
6.2.2 Wallet
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Leather Bags Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luxury Leather Bags Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Luxury Leather Bags Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Leather Bags Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Luxury Leather Bags Market Size Forecast by Type
9.6.1 Cowhide Leather
9.6.2 Lambskin Leather
9.6.3 Synthetic Leather
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Luxury Leather Bags Market Size Forecast by Applications
9.10.1 Handbag
9.10.2 Wallet
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Luxury Leather Bags Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Leather Bags Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Luxury Leather Bags Market Size Forecast by Type
10.6.1 Cowhide Leather
10.6.2 Lambskin Leather
10.6.3 Synthetic Leather
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Luxury Leather Bags Market Size Forecast by Applications
10.10.1 Handbag
10.10.2 Wallet
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Luxury Leather Bags Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Leather Bags Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Luxury Leather Bags Market Size Forecast by Type
11.6.1 Cowhide Leather
11.6.2 Lambskin Leather
11.6.3 Synthetic Leather
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Luxury Leather Bags Market Size Forecast by Applications
11.10.1 Handbag
11.10.2 Wallet
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Luxury Leather Bags Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Leather Bags Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Luxury Leather Bags Market Size Forecast by Type
12.6.1 Cowhide Leather
12.6.2 Lambskin Leather
12.6.3 Synthetic Leather
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Luxury Leather Bags Market Size Forecast by Applications
12.10.1 Handbag
12.10.2 Wallet
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Luxury Leather Bags Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Leather Bags Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Luxury Leather Bags Market Size Forecast by Type
13.6.1 Cowhide Leather
13.6.2 Lambskin Leather
13.6.3 Synthetic Leather
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Luxury Leather Bags Market Size Forecast by Applications
13.10.1 Handbag
13.10.2 Wallet
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luxury Leather Bags Market: Competitive Dashboard
14.2 Global Luxury Leather Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LVMH
14.3.2 Kering
14.3.3 Tapestry
14.3.4 Hermes
14.3.5 Burberry
14.3.6 Prada Group
14.3.7 Richemont Group
14.3.8 Salvatore Ferragamo
14.3.9 CHANEL
14.3.10 Fossil Group
