The Latin America, Middle East and Africa Leather Goods Market would witness market growth of 10.8% CAGR during the forecast period (2021-2027).
Changing & emerging fashion trends around the world have motivated market players to introduce unique and stylish products so as to fulfil the demands of consumers and retaining their existing consumers as well as expanding their consumer base. In addition to it, consumers are willing to purchase leather goods and luggage that are compact yet stylish. Emerging fashion trends have led to an expansion of men’s accessories such as neckpieces, leather bracelets, and gloves. Moreover, the leather and leather products industry play a key role in the economy of the world. Leather raw materials have highly become accessible in the emerging world.
Further, above half of the world supply of leather raw materials comes from the emerging world. The demand for superior quality hides for products like automobile upholstery has assisted to develop extremely effective upholstery leather tanning in the well-established world. Therefore, the growth of the market would be fueled by the emerging fashion trends in the next few years. In the past few years, tanners and various shoemakers have made a major move toward putting investment in new, instead of the second-hand, manufacturing tools. The developments of plants with advanced technology, large-scale capacities and close associations with other actors in the supply chain are some of the significant changes that occurred in the leather industry recently.
The development of BRIC countries and globalization are playing a key role in the LAMEA market. While workers from the Asian continent are witnessing more earning in the past 25 years, their counterparts in Africa witnessed a decline in their earnings. This would create new growth avenues for companies looking for low-cost Labour. African countries need to look for a niche position in the global market.
Moreover, the leather industry of South Africa has been one of the robust on the continent for many years as it has been complemented by a booming automotive sector. In addition to it, countries of the region hold a good reputation for quality leather garments. Key brand manufacturers display low interest regarding doing business in the region, but Ethiopia has made some effective moves that show that robust policies could create a substantial manufacturing sector using locally made leather.
The Genuine Leather market dominated the Saudi Arabia Leather Goods Market by Type 2020, thereby, achieving a market value of $3,729 million by 2027. The Synthetic Leather market is estimated to grow at a CAGR of 11.9% during (2021 - 2027). Additionally, The Vegan Leather market is expected to witness highest CAGR of 13.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Leather Goods Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Leather Goods Market, by Type
1.4.2 LAMEA Leather Goods Market, by End User
1.4.3 LAMEA 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. LAMEA Leather Goods Market by Type
4.1 LAMEA Genuine Leather Market by Country
4.2 LAMEA Synthetic Leather Market by Country
4.3 LAMEA Vegan Leather Market by Country
Chapter 5. LAMEA Leather Goods Market by Product
5.1 LAMEA Footwear Product Market by Country
5.2 LAMEA Automotive Accessories Product Market by Country
5.3 LAMEA Home Décor & Furnishing Product Market by Country
5.4 LAMEA Small Leather Goods & Accessories Product Market by Country
5.5 LAMEA Apparel Product Market by Country
5.6 LAMEA Handbags Product Market by Country
5.7 LAMEA Pet Accessories Market by Country
Chapter 6. LAMEA Leather Goods Market by Country
6.1 Brazil Leather Goods Market
6.1.1 Brazil Leather Goods Market by Type
6.1.2 Brazil Leather Goods Market by Product
6.2 Argentina Leather Goods Market
6.2.1 Argentina Leather Goods Market by Type
6.2.2 Argentina Leather Goods Market by Product
6.3 UAE Leather Goods Market
6.3.1 UAE Leather Goods Market by Type
6.3.2 UAE Leather Goods Market by Product
6.4 Saudi Arabia Leather Goods Market
6.4.1 Saudi Arabia Leather Goods Market by Type
6.4.2 Saudi Arabia Leather Goods Market by Product
6.5 South Africa Leather Goods Market
6.5.1 South Africa Leather Goods Market by Type
6.5.2 South Africa Leather Goods Market by Product
6.6 Nigeria Leather Goods Market
6.6.1 Nigeria Leather Goods Market by Type
6.6.2 Nigeria Leather Goods Market by Product
6.7 Rest of LAMEA Leather Goods Market
6.7.1 Rest of LAMEA Leather Goods Market by Type
6.7.2 Rest of LAMEA 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 LAMEA Leather Goods Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 8 LAMEA Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 9 LAMEA Genuine Leather Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Genuine Leather Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Synthetic Leather Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Synthetic Leather Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Vegan Leather Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Vegan Leather Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 16 LAMEA Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 17 LAMEA Footwear Product Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Footwear Product Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Automotive Accessories Product Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Automotive Accessories Product Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Home Décor & Furnishing Product Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Home Décor & Furnishing Product Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Small Leather Goods & Accessories Product Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Small Leather Goods & Accessories Product Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Apparel Product Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Apparel Product Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Handbags Product Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Handbags Product Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Pet Accessories Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Pet Accessories Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Leather Goods Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Leather Goods Market by Country, 2021 - 2027, USD Million
TABLE 33 Brazil Leather Goods Market, 2017 - 2020, USD Million
TABLE 34 Brazil Leather Goods Market, 2021 - 2027, USD Million
TABLE 35 Brazil Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 36 Brazil Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 37 Brazil Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 38 Brazil Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 39 Argentina Leather Goods Market, 2017 - 2020, USD Million
TABLE 40 Argentina Leather Goods Market, 2021 - 2027, USD Million
TABLE 41 Argentina Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 42 Argentina Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 43 Argentina Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 44 Argentina Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 45 UAE Leather Goods Market, 2017 - 2020, USD Million
TABLE 46 UAE Leather Goods Market, 2021 - 2027, USD Million
TABLE 47 UAE Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 48 UAE Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 49 UAE Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 50 UAE Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 51 Saudi Arabia Leather Goods Market, 2017 - 2020, USD Million
TABLE 52 Saudi Arabia Leather Goods Market, 2021 - 2027, USD Million
TABLE 53 Saudi Arabia Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 54 Saudi Arabia Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 55 Saudi Arabia Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 56 Saudi Arabia Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 57 South Africa Leather Goods Market, 2017 - 2020, USD Million
TABLE 58 South Africa Leather Goods Market, 2021 - 2027, USD Million
TABLE 59 South Africa Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 60 South Africa Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 61 South Africa Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 62 South Africa Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 63 Nigeria Leather Goods Market, 2017 - 2020, USD Million
TABLE 64 Nigeria Leather Goods Market, 2021 - 2027, USD Million
TABLE 65 Nigeria Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 66 Nigeria Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 67 Nigeria Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 68 Nigeria Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 69 Rest of LAMEA Leather Goods Market, 2017 - 2020, USD Million
TABLE 70 Rest of LAMEA Leather Goods Market, 2021 - 2027, USD Million
TABLE 71 Rest of LAMEA Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 72 Rest of LAMEA Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 73 Rest of LAMEA Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 74 Rest of LAMEA 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.