The Asia Pacific Leather Goods Market would witness market growth of 11.3% CAGR during the forecast period (2021-2027).
Designers around the globe are presenting new apparel via fashion events & shows, hence motivating a high number of consumers to choose leather clothing. Several design techniques, like Lame, brocade, and applique, are extensively utilized on leather apparel and other elegant dresses. For example, in September 2020, the Forever Leather Fashion show was organized in Shanghai, China. The show unveiled different types of leather products, such as a variety of modern style jackets, travel bags, cross-stitched trench coats, duffel bags, sneakers, and ankle boots. Such events act as a convergence point for numerous leather manufacturers, buyers, and designers from various parts of the country.
In addition to it, the growth of the regional market would further be boosted by the increasing number of athletes and health & fitness-conscious people in the region. The U.S. appeared as the biggest market in the region in 2020, followed by Canada and Mexico. Leather products in the region are majorly sold through discount stores, department stores, e-commerce platforms, and factory outlets, among other distribution channels.
These days, consumers are becoming more aware of the emerging fashion trends which are popular around the world. The existence of social media has exposed consumers to different kinds of international brands. Market players like Prada and Gucci are highly popular worldwide for their high-quality products. They have a robust customer base and are highly expanding their reach to other countries as well. With a significant surge in disposable income, consumers are also willing to purchase international leather brands' bags and accessories to support their attires and enhance living standards.
India has emerged as a strong domestic raw material base; it is likely to double its production ability in finished leather, footwear, and leather goods. This factor will play a major role in the next few years to determine the bright prospects of this industry. The huge domestic raw material supply and a massive and increasing population would ensure the bright future of the Indian leather industry. Moreover, tanners and various shoemakers have initiated a shift toward putting investment in new, instead of second-hand, manufacturing equipment.
The key players of the region are highly willing to purchase advanced equipment, adopting automation, energy-saving and decreased water consumption. In addition, China is a dominating country in the leather goods industry by producing leather footwear, upholstery, garments, and other leather goods on a wide scale. Moreover, China is also a big and fast-growing market for footwear and premium leather goods. The combination of these factors would help the leather goods market to thrive rapidly in this region. Subsequently, the Indian government is now anticipating all tanneries to fulfil environmental regulations. This shows the increasing pressure from brand makers and retailers across the globe for the complete supply chain to be responsible.
The China market dominated the Asia Pacific Small Leather Goods & Accessories Product Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,455.5 million by 2027. The Japan market is showcasing a CAGR of 13% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 14.3% during (2021 - 2027).
Based on Type, the market is segmented into Genuine Leather, Synthetic Leather and Vegan Leather. Based on Product, the market is segmented into Footwear, Automotive Accessories, Home Décor & Furnishing, Small Leather Goods & Accessories, Apparel, Handbags, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Leather Goods Market is Projected to reach USD 560.5 Billion by 2027, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adidas AG, Nike, Inc., PUMA SE, Tapestry, Inc., New Balance, Inc. (New Balance Aesthetics, Inc.), Herman Miller, Inc., American Leather Operations, LLC, Lear Corporation, VF Corporation, and Hermes International S.A.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Genuine Leather
- Synthetic Leather
- Vegan Leather
By End User
- Footwear
- Automotive Accessories
- Home Décor & Furnishing
- Small Leather Goods & Accessories
- Apparel
- Handbags
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Adidas AG
- Nike, Inc.
- PUMA SE
- Tapestry, Inc.
- New Balance, Inc. (New Balance Aesthetics, Inc.)
- Herman Miller, Inc.
- American Leather Operations, LLC
- Lear Corporation
- VF Corporation
- Hermes International S.A.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Leather Goods Market, by Type
1.4.2 Asia Pacific Leather Goods Market, by End User
1.4.3 Asia Pacific Leather Goods Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
Chapter 4. Asia Pacific Leather Goods Market by Type
4.1 Asia Pacific Genuine Leather Market by Country
4.2 Asia Pacific Synthetic Leather Market by Country
4.3 Asia Pacific Vegan Leather Market by Country
Chapter 5. Asia Pacific Leather Goods Market by Product
5.1 Asia Pacific Footwear Product Market by Country
5.2 Asia Pacific Automotive Accessories Product Market by Country
5.3 Asia Pacific Home Décor & Furnishing Product Market by Country
5.4 Asia Pacific Small Leather Goods & Accessories Product Market by Country
5.5 Asia Pacific Apparel Product Market by Country
5.6 Asia Pacific Handbags Product Market by Country
5.7 Asia Pacific Pet Accessories Market by Country
Chapter 6. Asia Pacific Leather Goods Market by Country
6.1 China Leather Goods Market
6.1.1 China Leather Goods Market by Type
6.1.2 China Leather Goods Market by Product
6.2 Japan Leather Goods Market
6.2.1 Japan Leather Goods Market by Type
6.2.2 Japan Leather Goods Market by Product
6.3 India Leather Goods Market
6.3.1 India Leather Goods Market by Type
6.3.2 India Leather Goods Market by Product
6.4 South Korea Leather Goods Market
6.4.1 South Korea Leather Goods Market by Type
6.4.2 South Korea Leather Goods Market by Product
6.5 Singapore Leather Goods Market
6.5.1 Singapore Leather Goods Market by Type
6.5.2 Singapore Leather Goods Market by Product
6.6 Malaysia Leather Goods Market
6.6.1 Malaysia Leather Goods Market by Type
6.6.2 Malaysia Leather Goods Market by Product
6.7 Rest of Asia Pacific Leather Goods Market
6.7.1 Rest of Asia Pacific Leather Goods Market by Type
6.7.2 Rest of Asia Pacific Leather Goods Market by Product
Chapter 7. Company Profiles
7.1 Adidas AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Geographical Expansions:
7.2 Nike, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.1 Recent strategies and developments:
7.2.1.1 Partnerships, Collaborations, and Agreements:
7.2.1.2 Product Launches and Product Expansions:
7.3 PUMA SE
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Tapestry, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.5 New Balance, Inc. (New Balance Aesthetics, Inc.)
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Product Launches and Product Expansions:
7.6 Herman Miller, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 American Leather Operations, LLC
7.7.1 Company Overview
7.8 Lear Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.9 VF Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.9.4.2 Acquisition and Mergers:
7.10. Hermes International S.A.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Recent strategies and developments:
7.10.4.1 Product Launches and Product Expansions:
7.10.4.2 Geographical Expansions:
7.10.4.3 Acquisition and Mergers:
TABLE 1 Asia Pacific Leather Goods Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Leather Goods Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Leather Goods Market
TABLE 4 Product Launches And Product Expansions– Leather Goods Market
TABLE 5 Geographical Expansions– Leather Goods Market
TABLE 6 Acquisition and Mergers– Leather Goods Market
TABLE 7 Asia Pacific Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Genuine Leather Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Genuine Leather Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Synthetic Leather Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Synthetic Leather Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Vegan Leather Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Vegan Leather Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Footwear Product Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Footwear Product Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Automotive Accessories Product Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Automotive Accessories Product Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Home Décor & Furnishing Product Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Home Décor & Furnishing Product Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Small Leather Goods & Accessories Product Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Small Leather Goods & Accessories Product Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Apparel Product Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Apparel Product Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Handbags Product Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Handbags Product Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Pet Accessories Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Pet Accessories Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Leather Goods Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Leather Goods Market by Country, 2021 - 2027, USD Million
TABLE 33 China Leather Goods Market, 2017 - 2020, USD Million
TABLE 34 China Leather Goods Market, 2021 - 2027, USD Million
TABLE 35 China Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 36 China Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 37 China Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 38 China Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 39 Japan Leather Goods Market, 2017 - 2020, USD Million
TABLE 40 Japan Leather Goods Market, 2021 - 2027, USD Million
TABLE 41 Japan Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 42 Japan Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 43 Japan Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 44 Japan Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 45 India Leather Goods Market, 2017 - 2020, USD Million
TABLE 46 India Leather Goods Market, 2021 - 2027, USD Million
TABLE 47 India Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 48 India Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 49 India Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 50 India Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 51 South Korea Leather Goods Market, 2017 - 2020, USD Million
TABLE 52 South Korea Leather Goods Market, 2021 - 2027, USD Million
TABLE 53 South Korea Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 54 South Korea Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 55 South Korea Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 56 South Korea Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 57 Singapore Leather Goods Market, 2017 - 2020, USD Million
TABLE 58 Singapore Leather Goods Market, 2021 - 2027, USD Million
TABLE 59 Singapore Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 60 Singapore Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 61 Singapore Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 62 Singapore Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 63 Malaysia Leather Goods Market, 2017 - 2020, USD Million
TABLE 64 Malaysia Leather Goods Market, 2021 - 2027, USD Million
TABLE 65 Malaysia Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 66 Malaysia Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 67 Malaysia Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 68 Malaysia Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 69 Rest of Asia Pacific Leather Goods Market, 2017 - 2020, USD Million
TABLE 70 Rest of Asia Pacific Leather Goods Market, 2021 - 2027, USD Million
TABLE 71 Rest of Asia Pacific Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 72 Rest of Asia Pacific Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 73 Rest of Asia Pacific Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 74 Rest of Asia Pacific Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 75 key information – Adidas AG
TABLE 76 Key Information – Nike, Inc.
TABLE 77 Key information – PUMA SE
TABLE 78 key information – Tapestry, Inc.
TABLE 79 Key Information – New Balance, Inc.
TABLE 80 Key information – Herman Miller, Inc.
TABLE 81 key information – American Leather Operations, LLC
TABLE 82 key information – Lear Corporation
TABLE 83 key information – VF Corporation
TABLE 84 key information – Hermes International S.A
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Recent strategies and developments: Adidas AG
FIG 5 Recent strategies and developments: Nike, Inc.
FIG 6 Recent strategies and developments: PUMA SE
FIG 7 Recent strategies and developments: VF Corporation
FIG 8 Recent strategies and developments: Hermes International S.A.