The Global Leather And Allied Products Market Report by The Business Research Company covers leather and allied products market drivers and restraints, leather and allied products market size, major players, and the impact of COVID-19 on the leather and allied products market.
The leather and allied products market consists of sales of leather and allied products by entities (organizations, sole traders and partnerships) that produce leather and allied products. Leather and allied product producers transform hides into leather by tanning or curing and fabricating the leather into products for final consumption, and/or produce similar products from other materials, including products (except apparel) made from “leather substitutes” such as rubber, plastics, or textiles. Rubber footwear, textile luggage, and plastic purses or wallets are examples of “leather substitute” products included in this market. The leather and allied products market is segmented into leather footwear, non-leather footwear, leather luggage, hand bags and other goods, non-leather luggage, hand bags and other goods and leather tanning.
Increasing demand for online shopping is expected to drive the leather and allied products market. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the leather and allied products market.
The global leather and allied products market is expected to grow from $291.11 billion in 2020 to $336.21 billion in 2021 at a compound annual growth rate (CAGR) of 15.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $468.93 billion in 2025 at a CAGR of 9%.
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Some leather and allied products market trends include technological advances in the field of wireless technologies that have enabled leather product manufacturers to integrate wearable technology into their products. Leading fashion designers are partnering with technology firms to produce trendy wearables and luxury products as the market is adopting this concept broadly.
Global leather and allied products market segments include:
1) By Type: Leather Footwear, Non-Leather Footwear, Leather Luggage, Hand Bags And Other Goods, Non-Leather Luggage, Hand Bags And Other Goods, Leather Tanning.
2) By Application: Automotive, Furniture, Consumer Goods.
3) By Type Of Leather: Top-Grain Leather, Split Leather, Patent Leather, Bonded Leather.
4) By Distribution Channel: Retail Stores, Online Stores.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest global leather and allied products market share.
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The Leather And Allied Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides leather and allied products market overviews, analyzes and forecasts market size, share, leather and allied products market players, leather and allied products market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The leather and allied products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Leather And Allied Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: NIKE Inc, Gap Inc, Christian Dior SE, Adidas AG, Kering SA.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Leather And Allied Products Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Leather And Allied Products Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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