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The leather and allied products market size has exhibited strong growth, rising from $389.75 billion in 2023 to $424.85 billion in 2024, marking a considerable compound annual growth rate (CAGR) of 9.0%. The historic period’s expansion can be attributed to the increased disposable income and living standards, the rise in foreign direct investments, strong economic growth in emerging markets, and technological developments. Looking ahead, the market is anticipated to experience strong growth, reaching $592.82 billion in 2028 with a CAGR of 8.7%. Contributing factors include the increasing demand for online shopping, the growing domestic and international tourism, the rising penetration of social media, the increase in motorcycle sales, and the growing demand for sportswear and performance wear. Key trends in the forecast period encompass the launch of different types of leather such as vegan leather, dritan leather, and strategic partnerships and investments.

A surge in the demand for online shopping is anticipated to propel the leather and allied products market forward. Manufacturers now have the opportunity to expand their reach and customer base globally, thanks to the increased exposure provided by e-commerce platforms. This shift in dynamics is especially evident in countries like India, where online portals have significantly boosted sales for producers who were previously constrained to specific regions. As the global preference for online shopping continues to rise, the leather and allied products market is poised for growth. The market sizes for 2023, 2024, and 2028 underscore the positive outlook, aligning with the broader trend.

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What Are The Key Trends That Influence Leather And Allied Products Market Share Analysis?

Advances in wireless technology are allowing leather product manufacturers to incorporate wearable tech into their offerings. Top fashion designers are collaborating with tech companies to create stylish wearables and luxury items, reflecting broad market acceptance of this trend. For instance, Ralph Lauren introduced the ‘Ricky Smart Bag,’ a high-end leather bag that charges phones through an internal light activated by lifting one of its flaps.

Which Market Players Are Driving Growth In The Leather And Allied Products Market?

Major companies operating in the market are LVMH Moët Hennessy Louis Vuitton, Kering SA, Hermès International S.A., Nike Inc, Adidas AG, VHSP Pty Ltd, Rimowa Cz Spol. S R. O, Changge Yixing Leather Co Ltd, Tapestry, Inc., Australia Pty Ltd, ASICS Corporation, Zdzblo Galanteria Skorzana Sp. z oo sp. k., Elena Pieles Argentinas Srl, Chemcrown Exports Limited, Joshua Pitt Pty Ltd, Eagle Ottawa China Ltd., A V Thomas Leather and Allied Products Limited, Bowron G.L., Christian Dior SE, Acknit Industries Limited, Bhartiya International Limited, Australian Leather Holdings Ltd, Jiangsu Maydiang Leather Goods Co Ltd, Giovanni RawHides, Kowro Bags, Nilpel L.L.C, Pangea Made Gmbh, Prada S.p. A, Walfertan Processors Pty Ltd, Zatchels, Buenos Aires Holding LLC, Zoela SA, Platypus Manufacturers Pty Ltd, Complete Leather Goods Afifi for Trading, J.Y.S. Enterprise Inc, Romed SRL, Slightly Alabama, Puma SE, Saudi Leather Industries Company SLIC, Xingye Leather Technology Co Ltd, Lotuff Leather, Packer Leather Pty Ltd, Onerom Impex SRL, San Javier caprinos S.R.L, Norpol Sp. z o.o., G.H. Michell & Sons Pty Ltd, Mercatto Group Company, The Yellow Bear Company, VKP LT OOO, Jacksons Tannery Pty Ltd, Golden Down Ltd, Datong Ltd, Anhui Anli Material Technology Co Ltd, Frank Clegg Leathergoods, American Leather Co, Monapetpee nig ltd, Murgon Leather Company Pty Ltd, Noah Waxman, KOZHA AO, Sharlene Ltd, Capri Holdings Limited, Corter Leather, Aleen And Ammar Trading Est., Cooperativa Dos Produtores De Avestruz Da Bahia, Skechers USA, Inc., Heller-Leder GmbH & Co. KG, AlOthmanFashion, Mtms Leather Shoes

How Is The Global Leather And Allied Products Market Segmented?

The leather and allied products market covered in this report is segmented –

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 Leather Type: Full- Grain Leather, Top-Grain Leather, Split Leather, Bonded Leather
3) By Distribution Channel: Online, Offline
4) By Application: Automotive, Furniture, Consumer Goods

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The Leather And Allied Products Global Market Report 2024 provides an overview of the leather and allied productsmarket 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 and their market positions.

The Table Of Content For The Leather And Allied Products Market Include

1. Leather And Allied Products Market Executive Summary
2. Leather And Allied Products Market Segments
3. Leather And Allied Products Market Size And Template Market Growth Rate
4.  Key Leather And Allied Products Market Trends
5. Major Leather And Allied Products Market Drivers
……
25. Key Mergers And Acquisitions In The Leather And Allied Products Market
26. Top Leather And Allied Products Companies
27. Leather And Allied Products Market Opportunities And Strategies
28. Leather And Allied Products Market, Conclusions And Recommendations
29. Appendix

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