Loading...

COVID‑19 Alert: Stay home if you feel unwell. If you have a fever, cough and difficulty breathing, seek medical attention. Follow the directions of your local health authority. Source WHO

We have a lockdown, "Working from HOME" Please reach out for any queries at: help@alliedmarketresearch.com & Int'l : +1-503-894-6022, (UK) : +44-845-528-1300

Leather Luggage and Goods Market is Estimated to Garner $94.7 billion, Globally, by 2020

 
 

quote Among the key end users, women segment was the larger revenue contributor, accounting for 61.6% share in the leather goods market in 2014. However, men segment is estimated to witness a higher growth during the forecast period. Men are increasingly opting for stylish and designer leather bags, wallets, and footwear to complement their attire, thus supplementing the growth of men goods segment. quote

Priyanka Bisht

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Leather Luggage and Goods Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $94.7 billion by 2020, registering a CAGR of 5% during the period 2015-2020. In 2014, Asia-Pacific generated the highest revenue, followed by Europe and North America. Leather goods held a prominent share in the product type category in 2014, owing to factors such as growing per capita income, increasing tourism rate, and evolving fashion trends.

View Detail Summary of this report: https://www.alliedmarketresearch.com/leather-goods-market

Travel bag is expected to be the fastest growing segment in the leather luggage market, registering a CAGR of 6.9% during the forecast period 2015-2020. This growth is attributable to the increasing number of domestic and international trips, by commuters worldwide. Consumers prefer compact and easy-to-handle travel luggage during transit, thus increasing the demand for lightweight and easy maneuvering luggage products. However, in leather goods segment, handbags are expected to witness the fastest growth, owing to the rise in working women population and the consequently increased economic independency, which has encouraged them to own multiple high-end branded leather handbags, thereby increasing the demand of handbags globally.

The retail stores held a major share in the global leather luggage and goods market in 2014. Renowned companies are establishing new retail outlets in the untapped regions to expand their footprint in the market. For instance, in 2015, Prada opened its first store in Jakarta, Indonesia, which offers leather bags and accessories for both men and women. Through retail outlets, market players aim to provide a wide assortment of leather products to their consumers under a single roof. The online store segment is anticipated to grow at a rapid rate, registering a CAGR of 26% during the forecast period (2015 - 2020). Exposure to social media, increased convenience and the rising usage of digital devices for the purpose of online shopping, have fostered the growth of online sales platform.

In 2014, Asia-Pacific dominated the global leather luggage and goods market followed by Europe. A rising middle-class segment, along with increase in disposable income of consumers in regions such as India and China, has resulted in growing demand for new and trendy leather products in the Asia-Pacific market.

Key Findings of Leather Luggage and Goods Market:

  • The global leather luggage and goods market is expected to exhibit notable growth during the forecast period because of growth in disposable income, increase in domestic and international trips, and rise in the number of fashion-conscious consumers
  • In 2014, leather goods accounted for 74.3% share in the overall leather luggage and goods market
  • Women goods segment is expected to be the highest revenue-generating segment throughout the analysis period
  • The online sales segment is likely to register a higher growth in comparison to the retail stores, with an anticipated CAGR of 26% during the forecast period
  • Asia-Pacific is estimated to witness the highest growth during 2015 -2020

Expansion and acquisition are the key growth strategies adopted by the market players to establish a strong foothold in the market and expand their customer base. In 2015, Coach, Inc. acquired Stuart Weitzman Holdings LLC, one of the leading manufacturers of women luxury footwear. This acquisition would strengthen the position of Coach, Inc. in the high-end handbags and accessories segment. The key companies profiled in the report include Prada, Samsonite International S.A., Louis Vuitton, Hermes International S.A., Coach, Inc., Kering SA, Delsey S.A., Christian Dior SE, Tumi Holdings, Inc., and VIP Industries Ltd.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Leather Luggage and Goods Market by Type (Travel bags, Casual bags, Business bags, Purses, wallets & belts, Handbags, Footwear) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Leather Luggage and Goods Market"
Purchase Enquiry

X