Market Research ReportJun 26, 2023

Leather Goods Market

Leather Goods Market Research Report: Size, Share, Trend Analysis By Product Type (Footwear, Home Décor, Apparel, Luggage, Accessories), By Distribution Channel (Store Based, Non Store Based) and By Region (Americas, Europe, Asia Pacific, Rest of the World) - Growth Outlook & Industry Forecast To 2030

Vertical: CFnBBase Year: 202112 Sections

Book Demo

Executive Summary

Leather Goods Market — Snapshot

Market Size (2021)
$214.65B
Projected (2030)
$390.93B
CAGR (2018–2030)
7.1%
Key Players
10+

Leather goods are products that are made from animal hides or skins that have been treated with tanning agents to make them durable, flexible, and resistant to water and other elements. These goods can be made from a variety of animal hides, including cow, buffalo, sheep, goat, and pig. These goods can include a wide range of items, such as bags, wallets, belts, shoes, jackets, and furniture. Leather goods have been used for centuries due to their durability, flexibility, and resistance to wear and tear. They are popular for their timeless appeal and ability to age gracefully with use. Leather goods are often considered luxury items due to their high quality and craftsmanship involved in their creation.

Key Insight

The Leather Goods Market market is projected to grow at a CAGR of 7.1% from 2018 to 2030.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

Geographic Coverage: This analysis covers 4 regions: Americas, Europe, Asia Pacific, Rest of the World.
Market Segmentation: The market is analyzed across 2 segments: Store Based, Non Store Based. Forecasts are provided for each segment from 2018 to 2030.
Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

Leather Goods Market — Growth Trajectory

Leather goods refer to any products or items that are made from leather, which is a durable and flexible material that is typically made from animal hides. Leather goods can include a wide range of products, such as shoes, bags, wallets, belts, jackets, gloves, and furniture. These products can be produced using various types of leather, such as cowhide, sheepskin, and exotic leathers like crocodile or snake. Leather goods are often valued for their durability, strength, and unique texture, and are popular in the fashion, furniture, and accessories industries.

Leather Goods Market — Growth Trajectory

Store Based

Non Store Based

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

By Product Type is analyzed as a distinct market dimension.
By Distribution Channel is analyzed as a distinct market dimension.

Geographic Analysis

Regional market breakdown

Americas market size reached $46.88B in 2018 and is projected to reach $107.82B by 2030, growing at a CAGR of 7.2%.
Europe market size reached $34.07B in 2018 and is projected to reach $70.45B by 2030, growing at a CAGR of 6.2%.

Asia Pacific market size reached $65.59B in 2018 and is projected to reach $157.00B by 2030, growing at a CAGR of 7.5%.
Rest of the World market size reached $25.88B in 2018 and is projected to reach $55.67B by 2030, growing at a CAGR of 6.6%.

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Research Methodology

Leather Goods Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

Base Year
2021
Historical Period
2018 – 2020
Forecast Period
2022 – 2030
Primary Interviews
150+

Research Process

Historical data (2018–2021) and forecast period (2021–2030)

Problem Definition

Market scoping
Objective setting
Framework design

Secondary Research

Literature review
Data mining
Trend analysis

Primary Research

Expert interviews
Field visits
Surveys

Data Analysis

Quantitative modeling
Statistical testing
Validation

Insights & Reporting

Synthesis
Recommendations
Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)

Forecast (modelled)

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Competitive Landscape & Porter's Five Forces

Leather Goods Market — Competitive Analysis

The leather goods industry is a highly competitive market with a number of well-established players as well as many smaller, boutique leather goods companies that specialize in niche products or cater to specific customer segments. The industry is driven by fashion trends, consumer preferences, and the demand for high-quality and durable products.

The growth of the industry and the related manufacturer is dependent on market conditions, and industry development. Kering SA, Hermes, Samsonite IP Holdings S.AR.L., Tapestry Inc., Adidas, Prada, LVMH, Capri Holdings Limited, Nike Inc., and Fila Inc. are the major companies in the market, which compete in terms of availability, quality, price, and Product Type.

Threat of New Entrants

The threat of new entrants to the leather goods market is relatively low due to high barriers to entry. These barriers include the need for substantial capital investment, the cost of acquiring raw materials and manufacturing equipment, and the need for established distribution networks. Brand recognition and customer loyalty also pose significant obstacles to new entrants.

Bargaining Power of Suppliers

The bargaining power of suppliers in the leather goods market is moderate to high. The quality of leather and other raw materials can significantly impact the quality and price of the final product. As a result, leather goods manufacturers must maintain good relationships with their suppliers to ensure a steady supply of high-quality materials.

Bargaining Power of Buyers

The bargaining power of buyers in the leather goods market is moderate to high. Buyers have access to a wide range of products from different manufacturers, which gives them leverage in negotiating prices and other terms. Brand loyalty, quality, and price are significant factors influencing buyer behavior.

Threat of Substitutes

The threat of substitutes in the leather goods market is moderate. Synthetic materials and other types of fabrics can be used as alternatives to leather, but they often lack the durability and luxury appeal of leather goods. However, the growing trend toward sustainable and ethical fashion could increase the popularity of substitutes in the future.

Intensity of Rivalry

The intensity of competitive rivalry in the leather goods market is high. Many established brands are competing for market share, and new entrants must compete on factors such as price, quality, design, and brand recognition to gain market share. Brand loyalty and customer preferences play a significant role in shaping the competitive landscape of the leather goods market.

Quantitative Analysis

Regional Breakdown

Regional market breakdown for Leather Goods Market.

Regional Market Size (USD Mn)

Market estimates by geography (2030)

USD Mn

InsightAsia Pacific leads with $157.00B by 2030.

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Regional Market Data

REGION	2018	2021	2030	CAGR	SHARE
Americas	$46.88B	$74.37B	$107.82B	7.2%	28%
Europe	$34.07B	$51.30B	$70.45B	6.2%	18%
Asia Pacific	$65.59B	$106.18B	$157.00B	7.5%	40%
Rest of the World	$25.88B	$39.72B	$55.67B	6.6%	14%
Total	$172.42B	$271.57B	$390.93B	7.1%	100%

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Segment Revenue (2030)

Store Based

Non Store Based

087173260346

Store Based80%
Non Store Based20%

Total Market Size

$390.93B

Market by Segment (2030)

APPLICATION	REVENUE ($B)	GROWTH RATE	MARKET PENETRATION
Store Based	$313.97B	6.6%	80%
Non Store Based	$76.96B	9.2%	20%

* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.

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Analytics

Leather Goods Market — Key Findings

Analytical insights on Leather Goods Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The Leather Goods Market market is projected to reach $390.93B by 2030, growing at 7.1% CAGR. The Store Based segment holds the largest share.

Market Dynamics

The major factor driving the growth of the Leather Goods market is the rise in demand for luxury goods. The increase in the demand for premium and high-quality luxury leather products is driving the growth of the global Leather Goods market.

Market Drivers

The rise in demand for luxury goods is certainly one of the factors that have been driving the growth of the leather goods market in recent years. As global wealth has increased, particularly in emerging markets, there has been a growing appetite for luxury goods, including leather products. In addition, changing consumer attitudes towards luxury goods have also contributed to the growth of the leather goods market. In the past, luxury goods were primarily associated with a small, elite group of consumers. However, in recent years, the definition of luxury has broadened, and many consumers now view luxury goods as a way to express their style and identity. This has opened up new markets for luxury leather goods, particularly in the fashion industry. Furthermore, the growth of e-commerce and social media has also played a role in driving the demand for luxury leather goods. Consumers are now more exposed to a wider range of brands and products and can purchase luxury goods online from anywhere in the world. This has created new opportunities for brands to reach consumers and has helped to drive the growth of the luxury leather goods market. Overall, the rise in demand for luxury goods, changing consumer attitudes, and the growth of e-commerce and social media have all contributed to the growth of the leather goods market.

Market Opportunities

The growing trend of designer and branded clothes can certainly create opportunities in the leather goods market. When people invest in high-end clothing, they often want to complement their outfits with accessories that match in quality and style. Leather goods, such as bags, wallets, belts, and shoes, can serve this purpose and can be made with the same level of craftsmanship and attention to detail as designer clothing. In addition, the increasing demand for sustainable and ethical fashion can also impact the leather goods market. Consumers are becoming more conscious of the environmental impact of their purchases, and many are willing to pay more for products that are made with eco-friendly and cruelty-free materials. This has led to the development of innovative leather alternatives, such as recycled leather, mushroom leather, and pineapple leather, which can provide new opportunities for businesses in the leather goods market. Overall, the designer and branded clothing trend can create opportunities for the leather goods market by increasing demand for high-quality, stylish accessories.

Market Restraints

The adverse effect of leather production on the environment is a significant concern that could potentially restrain the growth of the leather goods market. Leather production involves the use of chemicals such as chromium, which can be harmful to both the environment and human health if not managed properly. Additionally, the livestock industry, which is a key source of raw materials for leather production, can also have negative environmental impacts such as deforestation, greenhouse gas emissions, and water pollution. As consumers become more aware of the environmental impact of leather production, there is a growing demand for sustainable and eco-friendly alternatives. This has led to the development of new materials such as vegan leather, which is made from plant-based materials or recycled plastics, as well as the adoption of sustainable production practices in the leather industry. Furthermore, government regulations and policies aimed at reducing environmental impacts could also have an impact on the leather goods market. For example, restrictions on the use of certain chemicals in leather production or regulations aimed at reducing greenhouse gas emissions from the livestock industry could increase the cost of production and limit the availability of raw materials. Overall, the adverse environmental impacts of leather production could potentially restrain the growth of the leather goods market. However, by adopting more sustainable production practices and developing eco-friendly materials, the leather industry can work towards addressing these concerns and maintaining consumer demand for leather products.

Market Challenges

The low availability of raw materials is one of the major challenges facing the leather goods market. Leather production relies on the use of animal hides and skins, which are finite resources. The supply of raw materials is affected by a range of factors such as global demand for meat, leather, and other by-products, as well as fluctuations in the price of raw materials.

In addition, the livestock industry, which is the primary source of raw materials for leather production, can be impacted by a range of factors such as disease outbreaks, weather events, and changes in government regulations. These factors can impact the availability and quality of raw materials, which can in turn affect the production and pricing of leather goods. Furthermore, there is also increasing pressure on the leather industry to adopt more sustainable practices, which could potentially limit the availability of raw materials. For example, the adoption of more sustainable production practices in the livestock industry could lead to a reduction in the supply of hides and skins, as well as an increase in the cost of production. Overall, the low availability of raw materials is a major challenge facing the leather goods market. As demand for leather products continues to grow, it will be important for the industry to explore alternative sources of raw materials, adopt more sustainable production practices, and work to ensure the long-term availability and sustainability of the raw materials used in leather production.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Market Value by Segment (2030)

Value (USD Mn)

Store Based

Non Store Based

Companies

Key companies profiled in Leather Goods Market

Profiles of 104 companies operating in the Leather Goods Market market, including revenue, employee count, and market positioning where available.

Region

Industry

Founded Year

Showing 104 of 104 companies

Kering S.A

Kering S.A.

Food & Beverages

Company Headquarter: France Founded: 1963 Workforce: ~38000 employees Company Working: Kering SA (previously known as Pinault-Printemps-Redoute or PPR) is a French multinational luxury goods company that designs, manufactures, and sells apparel, accessories, and other luxury products. Kering owns several well-known luxury brands, including Gucci, Yves Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, and Qeelin. The company operates in more than 120 countries and has a workforce of over 38,000+ employees. In addition to its luxury fashion brands, Kering also has interests in the sports and lifestyle sector, owning Puma, Cobra Golf, and Volcom.

LVMH Moët Hennessy Louis Vuitton S.E.

Food & Beverages

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri",sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi; mso-ansi-language:EN-US; mso-fareast-language:EN-US;} Company Headquarters: Paris, France Founded: 1987 Workforce: ~1,45,000 Company Working: LVMH Moët Hennessy Louis Vuitton S.E. (LVMH) operates as a luxury products company. The company operates through several segments including luxury wines and spirits. As of December 31, 2017, the company operated 4,374 stores worldwide.

Samsonite IP Holdings S.à r.l.

Food & Beverages

Company Headquarter: Luxembourg Founded: 1910 Workforce: ~14500+ employees Company Working: Samsonite IP Holdings S.à r.l. is a Luxembourg-based company that designs, manufactures, and distributes luggage, travel bags, and accessories. Its offers a wide range of products, including suitcases, backpacks, briefcases, duffel bags, and travel accessories. The company is known for its durable and high-quality luggage, which features innovative designs and materials. The company has a global presence, with operations in Luxembourg, USA, and Hong Kong with an employee strength of approximately 14,500+ people.

United States, North America

Hermes

Food & Beverages

Company Headquarter: France Founded: 1837 Workforce: ~17600+ employees Company Working: Hermes International S.A., commonly known as Hermes, is a French luxury fashion and accessories company. Hermes is known for its high-quality leather goods, including its iconic Birkin and Kelly bags, as well as its silk scarves, men's and women's clothing, jewelry, perfumes, and home furnishings. The company operates in over 50 countries worldwide and has a global network of over 300 retail stores. Hermes has a strong commitment to sustainability, with a focus on responsible sourcing, environmental stewardship, and ethical practices throughout its supply chain. The company has implemented a number of initiatives to reduce its environmental impact, including reducing waste, sourcing sustainable materials, and using renewable energy in its operations.

United States, North America

Capri Hold

Capri Holdings Limited

United States, North America

Philip Mor

Philip Morris International

Food & Beverages

Company Headquarters: US Founded: 1847 Workforce: ~+79800 employees Company Working: Philip Morris International (PMI) is a leading multinational tobacco company. PMI's primary business is the manufacturing and sale of cigarettes. The company's portfolio includes renowned brands such as Marlboro, Parliament, L&M, Chesterfield, and Philip Morris. PMI has been actively investing in and developing reduced-risk products (RRPs) as alternatives to traditional cigarettes. The flagship RRP is the IQOS system, which heats tobacco rather than burning it. PMI operates in over 180 countries, making it one of the largest international tobacco companies. The company has a strong market presence in key regions, including the European Union, Asia Pacific, Latin America, the Middle East, and Africa.

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Charts

12 interactive charts drawn from the Leather Goods Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.

Pro

Food & BeverageAug 13, 2026

Leather Goods By Distribution Channel

Pro

Food & BeverageAug 13, 2026

Leather Goods By Product Type

Pro

Food & BeverageAug 13, 2026

Leather Goods South America, Middle-East and Africa Of Rest Of The World

Pro

Food & BeverageAug 13, 2026

Leather Goods China, India, Japan, Australia And New Zealand and Rest Of Asia Pacific By Country

Pro

Food & BeverageAug 13, 2026

Leather Goods United Kingdom, Germany, France, Italy, Spain and Rest Of Europe By Country

Pro

Food & BeverageAug 13, 2026

Leather Goods By Region

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About the Author

Food & Beverages Research Team

Food & Beverages

Wantstats' food and beverage analysts wrote this report from primary sources — retail data, ingredient sourcing trends, and direct conversations with people in the industry. Every figure has been checked against proprietary datasets and reviewed internally before release.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Leather Goods Market

Leather Goods Market Research Report: Size, Share, Trend Analysis By Product Type (Footwear, Home Décor, Apparel, Luggage, Accessories), By Distribution Channel (Store Based, Non Store Based) and By Region (Americas, Europe, Asia Pacific, Rest of the World) - Growth Outlook & Industry Forecast To 2030

Starting from

$4,950

Leather Goods Market

Key Insight

Market Performance Trend

Market Scope & Coverage

What this report covers

Leather Goods Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

Leather Goods Market — Competitive Analysis

Regional Market Data

Segment Revenue (2030)

Segment Market Share

Market by Segment (2030)

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Market Challenges

Strategic Outlook and Future Directions

Market Value by Segment (2030)

About the Author

Food & Beverages Research Team

Market Performance Trend

Leather Goods Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

Leather Goods Market — Competitive Analysis

Regional Market Data

Segment Revenue (2030)

Segment Market Share

Market by Segment (2030)

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Market Challenges

Strategic Outlook and Future Directions

Market Value by Segment (2030)

About the Author

Food & Beverages Research Team

Save over 20% on
Annual Subscription

Save over 20% on
Annual Subscription