Leather Goods - Global Strategic Business Report

The global market for Leather Goods was valued at US$281.9 Billion in 2024 and is projected to reach US$368.5 Billion by 2030, growing at a CAGR of 4.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Leather Goods market.

Global Leather Goods Market - Key Trends & Drivers Summarized

What Constitutes the Leather Goods Market, and What Drives Its Appeal?

The leather goods market encompasses a wide range of products including footwear, apparel, accessories, and furniture, all made from various types of treated animal skins. Leather is prized for its durability, versatility, and aesthetic appeal, making it a staple in fashion and luxury goods sectors. The market's dynamics are influenced by changing fashion trends, consumer spending behaviors, and the growing importance of sustainability within the industry.

How Are Consumer Preferences Impacting the Leather Goods Industry?

Consumer preferences have a significant impact on the leather goods industry, particularly with the increasing demand for luxury leather items that blend traditional craftsmanship with modern design. The trend towards personalization and customization in leather products is also gaining traction, as consumers seek unique and personalized goods. Additionally, there is a growing awareness and demand for ethically sourced and environmentally sustainable leather products, which is pushing manufacturers to adopt more sustainable practices and transparency in their production processes.

What Challenges Does the Leather Goods Sector Face?

Challenges in the leather goods sector include the ethical concerns related to animal welfare and the environmental impact of traditional leather production. These issues have led to consumer shifts towards alternative materials such as vegan leather. Moreover, global economic fluctuations can impact consumer spending on luxury items, affecting the market's stability. However, innovations in eco-friendly tanning processes and synthetic leather are creating new opportunities within the market.

Growth in the Leather Goods Market Is Driven by Several Factors

The growth in the leather goods market is driven by several factors, including the resurgence of artisanal and premium leather products in global fashion capitals. Increasing disposable incomes and the expansion of online retail platforms also facilitate wider market reach and consumer access to leather goods. The innovation in sustainable leather production methods and the rising popularity of luxury leather goods among millennials and Generation Z consumers are further boosting the market's expansion. As the industry continues to evolve, the integration of tradition with innovative and sustainable practices is likely to propel the leather goods market forward, catering to both traditional and contemporary consumer preferences.

Report Scope

The report analyzes the Leather Goods market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Segment (Footwear, Luggage, Bags, Wallets & Purses, Other Segments).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Footwear segment, which is expected to reach US$137.5 Billion by 2030 with a CAGR of a 5.3%. The Luggage segment is also set to grow at 3.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $73.7 Billion in 2024, and China, forecasted to grow at an impressive 7.2% CAGR to reach $81.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Leather Goods Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Leather Goods Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Leather Goods Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Adidas AG, Hermes International SA, Kering SA, LVMH Moet Hennessy - Louis Vuitton, Nike, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 275 companies featured in this Leather Goods market report include:

• Adidas AG
• Hermes International SA
• Kering SA
• LVMH Moet Hennessy - Louis Vuitton
• Nike, Inc.
• VF Corporation

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry