The Europe Leather Goods Market would witness market growth of 9.6% CAGR during the forecast period (2021-2027).
Leather goods refer to articles that are created from the skins and hides of animals like hogs, cattle, sheep, buffaloes, and goats. These raw materials are treated with various chemicals such as solvents, surfactants, dyes, tanning agents, salts, and dyes with an aim to improve the strength, durability, and flexibility of the leather. They are further used in the manufacturing of leather goods like garments, gloves, footwear, harnesses, bracelets, saddles, bags, wallets, belts, watches, wallets, and smartphone covers. Along with this, as leather is durable, crack and dust, fire-resistant, it is extensively used in the making of sports equipment and apparel, and automotive upholstery.
The demand for leather goods across the world is boosted due to the factors like increasing population, along with the rising disposable income of people around the world. In addition to it, as these products are considered cost-effective, comfortable, and functional, their sales are growing across the world. Moreover, key market players are providing innovative and stylish products in order to cater to the rising demand from well-off consumers. There are implementing sophisticated technologies like the automated cutting process in their manufacturing process with an aim to offer varieties and customization options.
The thriving automotive sector is also creating profitable growth opportunities for the market players to enhance their consumer base. Though, the growing sustainable and ethical fashion trends are substantially influencing the usage of leather goods around the fashion sector. This trend is further encouraged by the launch of bio-based leather, which would substitute traditional leather goods over the forthcoming years.
Europe is a promising region for the leather goods market as major countries of the region especially Spain & Italy have high & easy access to European raw materials. Moreover, various countries of this region are ahead in terms of developing superior design and innovation. In addition to it, many leading fashion brands which extensively use leather products have their outlets in this country, which makes it conducive for further development & demand.
Unique designs and the utilization of exclusive leather to develop products have helped makers to fulfil the demand for affluent and premium customers. Additionally, major market players are aiming to develop customized and personalized leather goods in order to encourage consumers to spend more on high-end products.
The Germany market dominated the Europe Small Leather Goods & Accessories Product Market by Country 2020, thereby, achieving a market value of $2,551.8 million by 2027. The UK market is exhibiting a CAGR of 11% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 12.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Leather Goods Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Leather Goods Market, by Type
1.4.2 Europe Leather Goods Market, by End User
1.4.3 Europe 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. Europe Leather Goods Market by Type
4.1 Europe Genuine Leather Market by Country
4.2 Europe Synthetic Leather Market by Country
4.3 Europe Vegan Leather Market by Country
Chapter 5. Europe Leather Goods Market by Product
5.1 Europe Footwear Product Market by Country
5.2 Europe Automotive Accessories Product Market by Country
5.3 Europe Home Décor & Furnishing Product Market by Country
5.4 Europe Small Leather Goods & Accessories Product Market by Country
5.5 Europe Apparel Product Market by Country
5.6 Europe Handbags Product Market by Country
5.7 Europe Pet Accessories Market by Country
Chapter 6. Europe Leather Goods Market by Country
6.1 Germany Leather Goods Market
6.1.1 Germany Leather Goods Market by Type
6.1.2 Germany Leather Goods Market by Product
6.2 UK Leather Goods Market
6.2.1 UK Leather Goods Market by Type
6.2.2 UK Leather Goods Market by Product
6.3 France Leather Goods Market
6.3.1 France Leather Goods Market by Type
6.3.2 France Leather Goods Market by Product
6.4 Russia Leather Goods Market
6.4.1 Russia Leather Goods Market by Type
6.4.2 Russia Leather Goods Market by Product
6.5 Spain Leather Goods Market
6.5.1 Spain Leather Goods Market by Type
6.5.2 Spain Leather Goods Market by Product
6.6 Italy Leather Goods Market
6.6.1 Italy Leather Goods Market by Type
6.6.2 Italy Leather Goods Market by Product
6.7 Rest of Europe Leather Goods Market
6.7.1 Rest of Europe Leather Goods Market by Type
6.7.2 Rest of Europe 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 Europe Leather Goods Market, 2017 - 2020, USD Million
TABLE 2 Europe 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 Europe Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 8 Europe Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 9 Europe Genuine Leather Market by Country, 2017 - 2020, USD Million
TABLE 10 Europe Genuine Leather Market by Country, 2021 - 2027, USD Million
TABLE 11 Europe Synthetic Leather Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Synthetic Leather Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Vegan Leather Market by Country, 2017 - 2020, USD Million
TABLE 14 Europe Vegan Leather Market by Country, 2021 - 2027, USD Million
TABLE 15 Europe Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 16 Europe Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 17 Europe Footwear Product Market by Country, 2017 - 2020, USD Million
TABLE 18 Europe Footwear Product Market by Country, 2021 - 2027, USD Million
TABLE 19 Europe Automotive Accessories Product Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Automotive Accessories Product Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Home Décor & Furnishing Product Market by Country, 2017 - 2020, USD Million
TABLE 22 Europe Home Décor & Furnishing Product Market by Country, 2021 - 2027, USD Million
TABLE 23 Europe Small Leather Goods & Accessories Product Market by Country, 2017 - 2020, USD Million
TABLE 24 Europe Small Leather Goods & Accessories Product Market by Country, 2021 - 2027, USD Million
TABLE 25 Europe Apparel Product Market by Country, 2017 - 2020, USD Million
TABLE 26 Europe Apparel Product Market by Country, 2021 - 2027, USD Million
TABLE 27 Europe Handbags Product Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe Handbags Product Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Pet Accessories Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Pet Accessories Market by Country, 2021 - 2027, USD Million
TABLE 31 Europe Leather Goods Market by Country, 2017 - 2020, USD Million
TABLE 32 Europe Leather Goods Market by Country, 2021 - 2027, USD Million
TABLE 33 Germany Leather Goods Market, 2017 - 2020, USD Million
TABLE 34 Germany Leather Goods Market, 2021 - 2027, USD Million
TABLE 35 Germany Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 36 Germany Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 37 Germany Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 38 Germany Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 39 UK Leather Goods Market, 2017 - 2020, USD Million
TABLE 40 UK Leather Goods Market, 2021 - 2027, USD Million
TABLE 41 UK Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 42 UK Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 43 UK Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 44 UK Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 45 France Leather Goods Market, 2017 - 2020, USD Million
TABLE 46 France Leather Goods Market, 2021 - 2027, USD Million
TABLE 47 France Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 48 France Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 49 France Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 50 France Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 51 Russia Leather Goods Market, 2017 - 2020, USD Million
TABLE 52 Russia Leather Goods Market, 2021 - 2027, USD Million
TABLE 53 Russia Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 54 Russia Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 55 Russia Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 56 Russia Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 57 Spain Leather Goods Market, 2017 - 2020, USD Million
TABLE 58 Spain Leather Goods Market, 2021 - 2027, USD Million
TABLE 59 Spain Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 60 Spain Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 61 Spain Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 62 Spain Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 63 Italy Leather Goods Market, 2017 - 2020, USD Million
TABLE 64 Italy Leather Goods Market, 2021 - 2027, USD Million
TABLE 65 Italy Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 66 Italy Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 67 Italy Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 68 Italy Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 69 Rest of Europe Leather Goods Market, 2017 - 2020, USD Million
TABLE 70 Rest of Europe Leather Goods Market, 2021 - 2027, USD Million
TABLE 71 Rest of Europe Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 72 Rest of Europe Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 73 Rest of Europe Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 74 Rest of Europe 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.