Global Leather Products Market Overview:
Leather is a type of material produced by tanning animal hides or skins. Leather Products are mostly popular among costumers due to its unique features such as fire resistance, durability and dust resistance. It is of two types such as natural leathers and synthetic leathers. Leathers are producing using animals such as cattle, lion, fish, deer, crocodile, and pig are natural leathers. Synthetic leathers are also known as artificial leathers and are much similar to natural leathers. These are specifically designed by coating vinyl to fibers which are not durable as natural leathers. Leather industry plays a vital role in the rising world economy with an estimated value of more than USD 100 billion per year. The rise in the fashion and travel industry leads to the growing demand for leather products.
Growth Drivers
- Highly Durable and Fireproof Benefits
- Rising Demand of Leather Products as a Fashion Statement
- Increased Demand for Leather Accessories
Roadblocks
- Expensive Raw Materials
- Chemicals Waste Produced by Synthetic Leathers
Opportunities
- Growing Use of Leather by End-User Industries
- Increasing Disposable Income and Buying Capacity of Consumers
- Growing E-commerce Retail Channels
Challenges
- High Cost of Production
- Regulations for Slautering Animal
Competitive Landscape:
The leather product market is fragmented and it has been observed that most of the companies are upgrading or introducing innovative leather products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are Kering S.A. (France), Hermes (France), Samsonite International S.A. (Luxembourg), Tapestry (United States), Adidas A.G. (German), ECL International (San Marino), Budi Makmur Jaya Murni. PT (Indonesia), UAB Eudra (Lithuania), Louis Vuitton (France), VIP Industries Limited (India) and Prada (Italy). Analyst at AMA Research see Europe Vendors to retain maximum share of Global Leather Products market by 2026. Considering Market by Sales Channel, the sub-segment i.e. Offline Retail Stores will boost the Leather Products market. Considering Market by Grade, the sub-segment i.e. Top Grain Leather [Full Grain Leather, Corrected Grain Leather, Nubuck] will boost the Leather Products market.
What Can be Explored with the Leather Products Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Leather Products Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Leather Products
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Leather Products market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Leather Products market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Leather Product Manufacturers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of Leather Product, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.