Leather Goods Market 2019-2023 | Product Premiumization Owing to Design and Material Innovation to Boost Growth | Technavio

Technavio has been monitoring the leather goods market and it is poised to grow by USD 72.36 bn during 2019-2023, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request the latest free sample report of 2020-2024

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Technavio has announced its latest market research report titled Global Leather Goods Market 2019-2023 (Graphic: Business Wire)

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. LVMH Moët Hennessy Louis Vuitton, Nike Inc., PRADA Spa, Tapestry Inc. and VF Corp. are some of the major market participants. Although product premiumization owing to design and material innovation will offer immense growth opportunities, fluctuating operational costs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Product premiumization owing to design and material innovation has been instrumental in driving the growth of the market. However, fluctuating operational costs might hamper market growth.

Leather Goods Market 2019-2023: Segmentation

Leather Goods Market is segmented as below:

Distribution channel

• Offline
• Online

Product

• Footwear
• Luggage, Bags, Wallets, and Purses
• Others

Geographic segmentation

• North America
• APAC
• Europe
• South America
• MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR32122

Leather Goods Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our leather goods market report covers the following areas:

• Leather Goods Market Size
• Leather Goods Market Trends
• Leather Goods Market Industry Analysis

This study identifies increase in demand for luxury handbags made of eco-friendly materials as one of the prime reasons driving the leather goods market growth during the next few years.

Leather Goods Market 2019-2023: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the leather goods market, including some of the vendors such as adidas LVMH Moët Hennessy Louis Vuitton, Nike Inc., PRADA Spa, Tapestry Inc. and VF Corp. Backed with competitive intelligence and benchmarking, our research reports on the leather goods market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Leather Goods Market 2019-2023: Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist leather goods market growth during the next five years
• Estimation of the leather goods market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the leather goods market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of leather goods market vendors

Table of Content

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

• Market segmentation by distribution channel
• Comparison by distribution channel
• Offline Market size and forecast 2018-2023
• Online Market size and forecast 2018-2023
• Market opportunity by distribution channel

PART 07: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Footwear Market size and forecast 2018-2023
• Luggage, bags, wallets, and purses Market size and forecast 2018-2023
• Others Market size and forecast 2018-2023
• Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC Market size and forecast 2018-2023
• North America Market size and forecast 2018-2023
• Europe Market size and forecast 2018-2023
• South America Market size and forecast 2018-2023
• MEA Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increase in demand from retail stores at airports
• Introduction of different leather varieties
• Increase in demand for luxury handbags made of eco-friendly materials

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• adidas AG
• Capri Holdings Ltd.
• Compagnie Financière Richemont SA
• Hermès
• Kering SA
• LVMH Moët Hennessy Louis Vuitton
• Nike Inc.
• PRADA Spa
• Tapestry Inc.
• VF Corp.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200317005688/en/

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