Luggage and Leather Goods Market
Luggage and leather goods are items that are used by practically everyone across the world while traveling and going about their daily lives. Working-class folks use belts, handbags, footwear, and wallets on a daily basis as they move between work and home. This market has military applications as well. Leather items are extremely durable, waterproof, fireproof, and dustproof, and demand for leather luggage is growing as a result of these characteristics. The value of this sector is expanding as customers spend more on branded goods and high-cost premium brands. Changes in fashion and design trends, increased domestic and international tourism, rising disposable incomes, and the acceptance of higher living standards are some of the main key drivers. Counterfeit goods and animal cruelty have the potential to stifle the expansion of the industry.
People's desire to purchase branded items has grown, which is expected to fuel the expansion of the leather goods segment in the worldwide Luggage and leather goods market over the forecast period. Because of the growing use of social media, consumers are more aware of current fashion trends, which is expected to increase consumer interest in branded leather items.
The military sector is driving up demand for leather goods. Leather is utilised in a variety of military goods, including saddles, harnesses, belts, holsters, and boots. Full-grain leather is used in footwear and gloves, resulting in an increase in the leather products segment's total growth.
Market Segmentation:
By Product Type
- Leather Goods
- Luggage
- Rolling Luggage
By Sales Channel
- General Retailers
- Single Brand Stores
- Specialty and Multi-brand stores
- Unorganized Small Stores
- Online Stores
- Others
By Region
- North America
- Europe
- APAC
- Latin America
- Middle East & Africa
The key players operating in the global luggage and leather goods market are Knoll, Inc., American Leather, Inc., Aero Leather Clothing Ltd., Samsonite International S.A., VIP Industries Ltd., LVMH Moët Hennessy Louis Vuitton SE, Timberland, Johnston & Murphy, Woodland, and Hermes International SA.
