Market Overview:
The global luxury leather goods market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for luxury leather goods from the age group of 15-25 and 25-50 years. Additionally, rising disposable income and changing lifestyle are also fuelling the demand for luxury leather goods across regions. Based on type, high-grade segment is anticipated to account for a major share in terms of revenue in 2018 and is projected to maintain its dominance throughout 2030. This can be attributed to growing preference for branded products among consumers coupled with increasing purchasing power parity (PPP) in developing countries such as China and India. Mid-grade segment is expected to grow at highest CAGR over the forecast period owing to increase in number of online shoppers preferring affordable options over high priced items.
Product Definition:
Luxury leather goods are items like purses, wallets, and briefcases that are made from high-quality leather. They often have a luxurious look and feel to them, and they can be quite expensive.
Luxury leather goods are important because they can add a touch of luxury to any outfit. They're also very practical items that can be used for everyday tasks.
High-grade:
High-grade is a new term in the Luxury Leather Goods market and it means top quality. It's used for finished leather, which has been processed to an extremely high standard. Top grain or finished leather is used in handbags, apparel and accessories.
Mid-grade:
Mid-grade leather is a type of leather that has not been tanned or treated in any special way. It is the most widely used type of full-grain leather and accounts for over 50% of the total Leather production. The grain remains visible throughout, giving it a smooth finish without scars or wrinkles.
The top quality grades are referred to as First Grade, Second Grade and Third Grade which differ based on how much they have been worked (First being the least amount.
Application Insights:
The application segment includes age 15-25, age 25-50 and old than 50. The market for luxury leather goods is driven by the rising demand from the young population who are starting their career and looking for a good set of accessories to complement their wardrobe. Moreover, increasing spending power of the middle class has led to an increased demand for high quality products that can last throughout several wears. This factor is projected to fuel growth over the forecast period.
The other application segment comprises of personal protective equipment such as gloves, masks etcetera which are required in various industries including construction, mining etcetera where there is a risk of exposure to hazardous environments or situations requiring protection against physical injuries caused by sharp objects or chemicals like asbestos fibers etcetera which may cause diseases if not taken proper safety measures while handling them.
Regional Analysis:
Europe dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand for luxury leather goods from countries like Germany, 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 improving consumer lifestyle in emerging economies including China and India. Furthermore, growing popularity of western brands such as Gucci, Prada along with other Italian brands will drive product sales in this region over next eight years.
Growth Factors:
- Increasing disposable income of consumers: The growth in the luxury leather goods market is mainly attributed to the increase in disposable income of consumers, especially in developing countries. This has led to an increase in demand for high-end products such as luxury leather bags, wallets, and belts.
- Changing lifestyle and fashion trends: Another key factor driving the growth of the luxury leather goods market is the changing lifestyle and fashion trends across regions. Consumers are now more inclined towards purchasing luxurious items that can enhance their overall appearance and personality.
- Rising popularity of online shopping: The growing popularity of online shopping has also benefited the luxury leather goods market as it offers a convenient platform for consumers to purchase high-end products from leading brands around the world. This has helped expand the reach of these brands to a larger audience base.
- . Growing number of tourists: The increasing number of tourists travelling to different parts of the world has also contributed significantly tothe growthofluxuryleathergoodsmarketas they tendto spendmore onhigh-endproductsduringtheirvacationsor holidays abroad .This trend is particularly prominent among Chinese tourists who account for a large chunkof global tourism spending each year . 5) Emerging markets offer potential opportunities: A major reason behindthegrowthoftheluxuryleathergoodsmarketisthattheseproductsareconsideredasasignofstatusandwealthinemergingmarketswherethereisahighpotentialforgrowthint
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Leather Goods Market Research Report
By Type
High-grade, Mid-grade, Low-grade
By Application
Age 15-25, Age 25-50, Old Than 50, Other
By Companies
Prada, Michael Kors, Dior, LVMH, Coach, Richemont Group, Kate Spade, Burberry, Hermes, Chanel, Kering, Tory Burch, Septwolves, Fion, Goldlion, Wanlima, Phillip Lim, The Chanel, Givenchy, LV, Proenza, Alexander, Stella, Céline's Phantom, Charlotte Olympia, Valentino, Mulberry, Longchamp, Hermès Kelly, Gucci
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Leather Goods Market Report Segments:
The global Luxury Leather Goods market is segmented on the basis of:
Types
High-grade, Mid-grade, Low-grade
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
Age 15-25, Age 25-50, Old Than 50, 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:
- Prada
- Michael Kors
- Dior
- LVMH
- Coach
- Richemont Group
- Kate Spade
- Burberry
- Hermes
- Chanel
- Kering
- Tory Burch
- Septwolves
- Fion
- Goldlion
- Wanlima
- Phillip Lim
- The Chanel
- Givenchy
- LV
- Proenza
- Alexander
- Stella
- Céline's Phantom
- Charlotte Olympia
- Valentino
- Mulberry
- Longchamp
- Hermès Kelly
- Gucci
Highlights of The Luxury 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:
- High-grade
- Mid-grade
- Low-grade
- By Application:
- Age 15-25
- Age 25-50
- Old Than 50
- 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 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.
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 goods are items made from high-quality, expensive leather. They may include shoes, bags, wallets, and other accessories.
Some of the major players in the luxury leather goods market are Prada, Michael Kors, Dior, LVMH, Coach, Richemont Group, Kate Spade, Burberry, Hermes, Chanel, Kering, Tory Burch, Septwolves, Fion, Goldlion, Wanlima, Phillip Lim, The Chanel, Givenchy, LV, Proenza, Alexander, Stella, CƒÂ©line's Phantom, Charlotte Olympia, Valentino, Mulberry, Longchamp, HermƒÂ¨s Kelly, Gucci.
The luxury leather goods market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury 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. Luxury 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. Luxury Leather Goods Market - Supply Chain
4.5. Global Luxury Leather Goods Market Forecast
4.5.1. Luxury Leather Goods Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Leather Goods Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Leather Goods Market Absolute $ Opportunity
5. Global Luxury 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. Luxury Leather Goods Market Size and Volume Forecast by Type
5.3.1. High-grade
5.3.2. Mid-grade
5.3.3. Low-grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury 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. Luxury Leather Goods Market Size and Volume Forecast by Application
6.3.1. Age 15-25
6.3.2. Age 25-50
6.3.3. Old Than 50
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury 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. Luxury 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 Luxury 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. Luxury 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 Luxury Leather Goods Demand Share Forecast, 2019-2029
9. North America Luxury 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 Luxury 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 Luxury Leather Goods Market Size and Volume Forecast by Application
9.4.1. Age 15-25
9.4.2. Age 25-50
9.4.3. Old Than 50
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Leather Goods Market Size and Volume Forecast by Type
9.7.1. High-grade
9.7.2. Mid-grade
9.7.3. Low-grade
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 Luxury Leather Goods Demand Share Forecast, 2019-2029
10. Latin America Luxury 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 Luxury 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 Luxury Leather Goods Market Size and Volume Forecast by Application
10.4.1. Age 15-25
10.4.2. Age 25-50
10.4.3. Old Than 50
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Leather Goods Market Size and Volume Forecast by Type
10.7.1. High-grade
10.7.2. Mid-grade
10.7.3. Low-grade
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 Luxury Leather Goods Demand Share Forecast, 2019-2029
11. Europe Luxury 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 Luxury 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 Luxury Leather Goods Market Size and Volume Forecast by Application
11.4.1. Age 15-25
11.4.2. Age 25-50
11.4.3. Old Than 50
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Leather Goods Market Size and Volume Forecast by Type
11.7.1. High-grade
11.7.2. Mid-grade
11.7.3. Low-grade
11.8. Basis Point Share (BPS) Analysisby 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 Luxury Leather Goods Demand Share, 2019-2029
12. Asia Pacific Luxury 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 Luxury 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 Luxury Leather Goods Market Size and Volume Forecast by Application
12.4.1. Age 15-25
12.4.2. Age 25-50
12.4.3. Old Than 50
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Leather Goods Market Size and Volume Forecast by Type
12.7.1. High-grade
12.7.2. Mid-grade
12.7.3. Low-grade
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 Luxury Leather Goods Demand Share, 2019-2029
13. Middle East & Africa Luxury 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 Luxury 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 Luxury Leather Goods Market Size and Volume Forecast by Application
13.4.1. Age 15-25
13.4.2. Age 25-50
13.4.3. Old Than 50
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Leather Goods Market Size and Volume Forecast by Type
13.7.1. High-grade
13.7.2. Mid-grade
13.7.3. Low-grade
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 Luxury Leather Goods Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Luxury Leather Goods Market: Market Share Analysis
14.2. Luxury Leather Goods Distributors and Customers
14.3. Luxury Leather Goods Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Prada
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Michael Kors
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dior
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LVMH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Coach
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Richemont Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kate Spade
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Burberry
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hermes
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chanel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kering
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tory Burch
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Septwolves
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fion
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Goldlion
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wanlima
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Phillip Lim
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. The Chanel
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Givenchy
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. LV
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
