The global leather goods market size stood at USD 440.64 billion in 2022. The market is anticipated to expand from USD 468.49 billion in 2023 to USD 738.61 billion by 2030, exhibiting a CAGR of 6.7% over the estimated period. The rise is being driven by the usage of different types of leather, including full-grain and synthetic.
Fortune Business Insights™ cites this information in its research report, titled “Leather Goods Market, 2023-2030”.
List of Key Players Mentioned in the Report:
Information Source: https://www.fortunebusinessinsights.com/leather-goods-market-104405
Segments:
Synthetic Leather Segment to Register Substantial Growth Driven by Soaring Costs
Based on source, the market for leather goods is segmented into full grain leather and synthetic leather. Of these, the synthetic leather segment is poised to record appreciable growth throughout the projected period. The surge is being impelled by the growing product demand in the apparel and footwear sector.
Footwear Segment to Depict Considerable Expansion Owing to the Benefit of Durability
On the basis of product, the market is fragmented into footwear, apparel, luggage, and others. The footwear segment is set to register commendable expansion over the analysis period. The rise is being driven by the benefit of durability offered by leather footwear.
Men Segment to Exhibit Notable Surge Impelled by Escalating Luxury Footwear Demand