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Increasing demand for online shopping is expected to drive innovation in the manufacturing of leather and allied products, propelling the market during the forecast period.

The global leather and allied products market is expected to grow from $357.07 billion in 2022 to $391.75 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The leather and allied products market is expected to grow to $554.96 billion in 2027 at a CAGR of 9.1%.

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Global Leather And Allied Products Market Segments Include:

• By Type: Leather Footwear, Non-Leather Footwear, Leather Luggage, Hand Bags And Other Goods, Non-Leather Luggage, Hand Bags And Other Goods, Leather Tanning
• By Application: Automotive, Furniture, Consumer Goods
• By Type Of Leather: Top-Grain Leather, Split Leather, Patent Leather, Bonded Leather
• 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 is the largest region in the global leather and allied products market in 2021.

Major Market Players in the leather and allied products market include Nike Inc., Christian Dior SE, Adidas AG, Kering SA, Skechers U.S.A. Inc., Puma SE, ASICS Corporation, Tapestry Inc., Prada SpA and Wolverine World Wide Inc.

Wireless technology advancements have enabled leather product manufacturers to incorporate wearable technology into their products. As the market embraces this concept more broadly, leading fashion designers are collaborating with technology firms to create trendy wearables and luxury products. For example, Ralph Lauren debuted the ‘Ricky Smart Bag,’ which is made of premium leather and allows users to charge their phones by lifting one of the flaps, which activates an internal light.

The Leather And Allied Products Global Market Report 2023  provides a leather and allied products market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The leather and allied products market forecast analyzes leather and allied products market size, leather and allied products market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Leather and allied products are a class of products that cure or tanning hides into leather before making finished goods out of the leather. The leather is made from animal skin that has been tanned, hair removed, and smoothed and flexible. This market includes “leather substitute” products such as rubber footwear, textile luggage, and plastic purses or wallets.

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