Market Overview:
The global luggage and leather goods market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for luxury and designer luggage and leather goods from general retailers, single brand stores, specialty and multi-brand stores, unorganized small stores, online stores, and others. Additionally, the growing popularity of travel among consumers is also propelling the demand for luggage and leather goods globally. In terms of type, footwear segment is expected to witness highest growth rate during the forecast period followed by clothing & apparel segment. Among applications, general retailers are anticipated to dominate the market throughout 2030 owing to rising number of tourists across different geographies coupled with increase in purchasing power parity (PPP) in developing countries such as China and India.
Product Definition:
Luggage is a type of bag that is typically used to carry personal belongings while traveling. Leather goods are items made from the hide of a cow, buffalo, goat, pig, or other animal that has been tanned and processed into leather. Luggage and leather goods are important because they allow people to transport their belongings while traveling.
Footwear:
The global footwear industry is expected to witness significant growth over the forecast period. The market is driven by factors such as changing fashion trends, rapid urbanization, and growing purchasing power of consumers in emerging economies. Additionally, increasing number of retail stores and supermarkets have led to an increase in the availability of different types of footwear across regions which has further propelled their demand.
Clothing and Apparel:
Clothing and apparel are the items of clothing worn by humans. Apparel is the main part of clothing which covers the body from head to foot. The other types of clothes include undergarments, outer garments, footwear and accessories. Luggage consists of cases, suitcases or bags in which traveling goods such as clothes are carried by passengers or tourists for their journey.
Application Insights:
The general retailers segment held the largest share of around 60.0% in 2017. The growth can be attributed to the increasing number of international air travelers and rising disposable income among consumers, especially in emerging economies such as China, India and Brazil. Moreover, growing trend towards online shopping is also driving the demand for luggage and leather goods across general retail stores globally. Single Brand Stores (SBS) are expected to emerge as a prominent application segment over the forecast period owing to their preference by high-income class consumers with a premium spending power globally coupled with rapid expansion of SBS at global level due to easy access from airports resulting in increased penetration rate which is further likely to drive market growth over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing disposable income, rising population, and changing consumer preferences towards western-styled clothing and footwear. Furthermore, an increase in air travel across emerging economies of Asia Pacific has resulted in increased demand for luggage products.
North America is projected to be one of the fastest growing regional markets from 2018 to 2030 due to a rise in online shopping as well as offline shopping across this region.
Europe was valued at USD X billion and accounted for 17% share of global revenue on account of high product penetration coupled with developed economies such as Germany, U.K.
Growth Factors:
- Increasing disposable income of consumers: The growth in the luggage and leather goods market is mainly attributed to the increasing disposable income of consumers, which has led to an increase in demand for premium products.
- Urbanization and rising travel spending: The growth of the global tourism industry has resulted in an increase in demand for luggage and leather goods. Additionally, rapid urbanization has led to a rise in the number of people who are traveling for leisure or business purposes, thereby fueling demand for these products.
- Changing lifestyle trends: There is a growing trend among consumers towards adopting a fashionable lifestyle, which is driving demand for designer luggage and leather goods.
- Growing e-commerce sector: The growth of the e-commerce sector has provided a boost to sales of online retail channels selling luggage and leather goods products, thus aiding market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luggage and Leather Goods Market Research Report
By Type
Footwear, Clothing and Apparel, Clutches and Wallets, Footwear, Clothing and Apparel, Clutches and Wallets
By Application
General Retailers, Single Brand Stores, Specialty and Multi-brand stores, Unorganized Small Stores, Online Stores, Others
By Companies
Knoll, American Leather, Aero Leather Clothing, Samsonite International, VIP Industries, LVMH Moet Hennessy Louis Vuitton, Timberland, Johnston & Murphy, Woodland, Hermes International SA
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Luggage and Leather Goods Market Report Segments:
The global Luggage and Leather Goods market is segmented on the basis of:
Types
Footwear, Clothing and Apparel, Clutches and Wallets, Footwear, Clothing and Apparel, Clutches and Wallets
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
General Retailers, Single Brand Stores, Specialty and Multi-brand stores, Unorganized Small Stores, Online Stores, Others
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:
- Knoll
- American Leather
- Aero Leather Clothing
- Samsonite International
- VIP Industries
- LVMH Moet Hennessy Louis Vuitton
- Timberland
- Johnston & Murphy
- Woodland
- Hermes International SA
Highlights of The Luggage and Leather Goods 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:
- Footwear
- Clothing and Apparel
- Clutches and Wallets
- Footwear
- Clothing and Apparel
- Clutches and Wallets
- By Application:
- General Retailers
- Single Brand Stores
- Specialty and Multi-brand stores
- Unorganized Small Stores
- Online Stores
- Others
- 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 Luggage and Leather Goods 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.
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- Correctly Positioning New Products
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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?
Luggage and leather goods are items of clothing, furniture, or other objects made from animal hides or skins.
Some of the major companies in the luggage and leather goods market are Knoll, American Leather, Aero Leather Clothing, Samsonite International, VIP Industries, LVMH Moet Hennessy Louis Vuitton, Timberland, Johnston & Murphy, Woodland, Hermes International SA.
The luggage and leather goods market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luggage and Leather Goods Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luggage and Leather Goods Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luggage and Leather Goods Market - Supply Chain
4.5. Global Luggage and Leather Goods Market Forecast
4.5.1. Luggage and Leather Goods Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luggage and Leather Goods Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luggage and Leather Goods Market Absolute $ Opportunity
5. Global Luggage and Leather Goods Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luggage and Leather Goods Market Size and Volume Forecast by Type
5.3.1. Footwear
5.3.2. Clothing and Apparel
5.3.3. Clutches and Wallets
5.3.4. Footwear
5.3.5. Clothing and Apparel
5.3.6. Clutches and Wallets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luggage and Leather Goods Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luggage and Leather Goods Market Size and Volume Forecast by Application
6.3.1. General Retailers
6.3.2. Single Brand Stores
6.3.3. Specialty and Multi-brand stores
6.3.4. Unorganized Small Stores
6.3.5. Online Stores
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luggage and Leather Goods Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luggage and Leather Goods Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luggage and Leather Goods Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luggage and Leather Goods Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luggage and Leather Goods Demand Share Forecast, 2019-2026
9. North America Luggage and Leather Goods Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luggage and Leather Goods Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luggage and Leather Goods Market Size and Volume Forecast by Application
9.4.1. General Retailers
9.4.2. Single Brand Stores
9.4.3. Specialty and Multi-brand stores
9.4.4. Unorganized Small Stores
9.4.5. Online Stores
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luggage and Leather Goods Market Size and Volume Forecast by Type
9.7.1. Footwear
9.7.2. Clothing and Apparel
9.7.3. Clutches and Wallets
9.7.4. Footwear
9.7.5. Clothing and Apparel
9.7.6. Clutches and Wallets
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luggage and Leather Goods Demand Share Forecast, 2019-2026
10. Latin America Luggage and Leather Goods Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luggage and Leather Goods Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luggage and Leather Goods Market Size and Volume Forecast by Application
10.4.1. General Retailers
10.4.2. Single Brand Stores
10.4.3. Specialty and Multi-brand stores
10.4.4. Unorganized Small Stores
10.4.5. Online Stores
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luggage and Leather Goods Market Size and Volume Forecast by Type
10.7.1. Footwear
10.7.2. Clothing and Apparel
10.7.3. Clutches and Wallets
10.7.4. Footwear
10.7.5. Clothing and Apparel
10.7.6. Clutches and Wallets
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luggage and Leather Goods Demand Share Forecast, 2019-2026
11. Europe Luggage and Leather Goods Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luggage and Leather Goods Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luggage and Leather Goods Market Size and Volume Forecast by Application
11.4.1. General Retailers
11.4.2. Single Brand Stores
11.4.3. Specialty and Multi-brand stores
11.4.4. Unorganized Small Stores
11.4.5. Online Stores
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luggage and Leather Goods Market Size and Volume Forecast by Type
11.7.1. Footwear
117.2. Clothing and Apparel
11.7.3. Clutches and Wallets
11.7.4. Footwear
11.7.5. Clothing and Apparel
11.7.6. Clutches and Wallets
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luggage and Leather Goods Demand Share, 2019-2026
12. Asia Pacific Luggage and Leather Goods Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luggage and Leather Goods Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luggage and Leather Goods Market Size and Volume Forecast by Application
12.4.1. General Retailers
12.4.2. Single Brand Stores
12.4.3. Specialty and Multi-brand stores
12.4.4. Unorganized Small Stores
12.4.5. Online Stores
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luggage and Leather Goods Market Size and Volume Forecast by Type
12.7.1. Footwear
12.7.2. Clothing and Apparel
12.7.3. Clutches and Wallets
12.7.4. Footwear
12.7.5. Clothing and Apparel
12.7.6. Clutches and Wallets
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luggage and Leather Goods Demand Share, 2019-2026
13. Middle East & Africa Luggage and Leather Goods Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luggage and Leather Goods Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luggage and Leather Goods Market Size and Volume Forecast by Application
13.4.1. General Retailers
13.4.2. Single Brand Stores
13.4.3. Specialty and Multi-brand stores
13.4.4. Unorganized Small Stores
13.4.5. Online Stores
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luggage and Leather Goods Market Size and Volume Forecast by Type
13.7.1. Footwear
13.7.2. Clothing and Apparel
13.7.3. Clutches and Wallets
13.7.4. Footwear
13.7.5. Clothing and Apparel
13.7.6. Clutches and Wallets
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luggage and Leather Goods Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luggage and Leather Goods Market: Market Share Analysis
14.2. Luggage and Leather Goods Distributors and Customers
14.3. Luggage and Leather Goods Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Knoll
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. American Leather
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aero Leather Clothing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Samsonite International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. VIP Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LVMH Moet Hennessy Louis Vuitton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Timberland
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Johnston & Murphy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Woodland
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hermes International SA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
