Global Leather Luggage and Goods Market is likely to show a substantial growth of Xx % during the forecast period of 2019-2026. Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report. Additionally the study provides expected opportunities in the market. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. The company profiles of all the key players and brands that are dominating the Leather Luggage and Goods market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned in the report. Leather Luggage and Goods market report also delivers lists of the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the Industry.
Global Leather Luggage and Goods Market By Type (Luggage, Goods), End-User (Men, Women, Unisex), Distribution Channel (E-Commerce, Retail Stores, Specialty Stores, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global Leather Luggage and Goods Market is expected to grow with a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to innovations and advancements resulting in functional products along with the aesthetically pleasing product offerings provided by the major manufacturers.
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Competitive Analysis: Global Leather Luggage and Goods Market
Global leather luggage and goods market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of leather luggage and goods market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Leather Luggage and Goods Market
Samsonite South Asia Pvt. Ltd.; Louis Vuitton; Hermès; COACH IP HOLDINGS LLC; KERING; Christian Dior SE; Delsey; Tumi, Inc.; VIP Industries Ltd.; Prada; Knoll, Inc.; Montblanc; American Leather; Johnston & Murphy; WOODLAND WORLDWIDE; Aero Leather Clothing Ltd; HIDESIGN; The Timberland Company; are few of the major competitors currently in the market.
Market Definition: Global Leather Luggage and Goods Market
Leather luggage can be defined as those leather-based products/goods that are used to carry clothes, accessories, and various other consumer-oriented items inside them and protect them from spilling out, as well as provide protection from various other environmental & external factors. These leather-based goods are specifically designed and produced from the pristine leather.
Leather goods can be defined as that category of leather based consumer goods which have been crafted from top-quality leather for enhanced durability, versatility, and are aesthetically pleasing. The products included in this category are wallets, clutches, belts, footwear, jackets and various other accessories.
- Rise in the levels of disposable income and enhanced standards of living individuals; this factor is expected to act as a driver for the market growth
- Increasing adoption of fashionable apparel and accessories by the populace sparking the growth in demand of the products; this factor is expected to act as a driver for the market growth
- Concerns and protests against animal cruelty restraining the market growth
- Growth in the prevalence of counterfeit products and goods in the market is one of the major factors restraining the market growth
Segmentation: Global Leather Luggage and Goods Market
- By Type
- Travel Bags
- Casual Bags
- Business Bags
- Roll-Able Luggage
- Duffel Bags
- Suitcases & Briefcases
- Clutches & Wallets
- By End-User
- By Distribution Channel
- Retail Stores
- Specialty Stores
Key Developments in the Market:
- In February 2019, HIDESIGN announced the launch of new product lines including bags and various accessories for both men and women that have been made from East India leather. The products available all across India in the company’s retail and various e-commerce stores.
- In June 2018, Montblanc announced the launch of a full travel collection, with the products including pilot case, two-cabin sized trolleys, and two large trolleys all produced at Montblanc’s leather goods factory situated in Florence, Italy. The products are lightweight; leather based products, and has been equipped with the latest technology for enhanced ease of use for the consumers.
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Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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