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A00681 | Pages: 250 | Charts: 53 | Tables: 146 |
Market Introduction and Definition
The global leather luggage and goods market size was valued at $285.3 billion in 2023, and is projected to reach $466.9 billion by 2033, growing at a CAGR of 5.1% from 2024 to 2033. Leather luggage comprises products such as trolley bags and suitcases used for carrying personal belongings, whereas products such as purses, wallets & belts, footwear, handbags, and others are included in the leather goods segment. Factors such as growing disposable income, increasing domestic and international travel, and improving living standards foster the leather luggage and goods market growth. Global market players continuously launch the latest and most stylish leather goods according to the changing demand of consumers. In addition, stylish and compact luggage products offered by market players provide convenience and ease to consumers while traveling. Increased per capita income encourages consumers to opt for premium and high-quality leather products.
Key Takeaways
Key Market Segments
Key Market Players