The North America Leather Goods Market would witness market growth of 9.1% CAGR during the forecast period (2021-2027).
Trolley bags and suitcases utilized for carrying personal belongings fall under the ambit of leather luggage while products such as purses, handbags, wallets & belts, footwear, and others fall under the leather goods segment. Leading companies operating in the market are constantly introducing innovative and stylish leather goods with an aim to align with the changing demands of consumers. Moreover, consumers feel comfortable and easy while traveling with fashionable and compact luggage products that are launched and offered by market players. Higher per capita income motivates consumers to choose high-end and high-quality leather products.
Leather fashion accessories are considered as products that are made of leather that is commonly worn with or supplementary to other clothing products. They generally have a functional as well as an aesthetic value. Leather accessories also generally have a longer life-cycle as compared to garments and non-leather fashion accessories, particularly regarding product categories such as exclusive products that have gained traction in the last few years. The rising segments of leather fashion accessories product categories involve carrying products, gloves & mitts, belts, and other accessories.
The USA is an region that has been supported by big export volumes of bovine wet blue. In addition to it, the USA has been popular as being a major manufacturer of upholstery leather, which would augment the already high demand & growth of leather goods across this region. Moreover, the demand for leather goods is supported by the massive demand for automotive leather upholstery affected by issues confronted by the three major US car manufacturers.
Moreover, the presence of leading market players in this region is expected to support the growth of the regional leather goods market in the next few years. Moreover, the growing demand for fashionable products made of leathers among the consumers is also boosting the growth of the market. In the USA, the growth of skinning machines for abattoirs assumed a crucial role in the usage of pigskin as raw material for the leather industry.
The US market dominated the North America Synthetic Leather Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $42,058.3 million by 2027. The Canada market is experiencing a CAGR of 12.3% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 11.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Leather Goods Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Leather Goods Market, by Type
1.4.2 North America Leather Goods Market, by End User
1.4.3 North America 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. North America Leather Goods Market by Type
4.1 North America Genuine Leather Market by Country
4.2 North America Synthetic Leather Market by Country
4.3 North America Vegan Leather Market by Country
Chapter 5. North America Leather Goods Market by Product
5.1 North America Footwear Product Market by Country
5.2 North America Automotive Accessories Product Market by Country
5.3 North America Home Décor & Furnishing Product Market by Country
5.4 North America Small Leather Goods & Accessories Product Market by Country
5.5 North America Apparel Product Market by Country
5.6 North America Handbags Product Market by Country
5.7 North America Pet Accessories Market by Country
Chapter 6. North America Leather Goods Market by Country
6.1 US Leather Goods Market
6.1.1 US Leather Goods Market by Type
6.1.2 US Leather Goods Market by Product
6.2 Canada Leather Goods Market
6.2.1 Canada Leather Goods Market by Type
6.2.2 Canada Leather Goods Market by Product
6.3 Mexico Leather Goods Market
6.3.1 Mexico Leather Goods Market by Type
6.3.2 Mexico Leather Goods Market by Product
6.4 Rest of North America Leather Goods Market
6.4.1 Rest of North America Leather Goods Market by Type
6.4.2 Rest of North America 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 North America Leather Goods Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 8 North America Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 9 North America Genuine Leather Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Genuine Leather Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Synthetic Leather Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Synthetic Leather Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Vegan Leather Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Vegan Leather Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 16 North America Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 17 North America Footwear Product Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Footwear Product Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Automotive Accessories Product Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Automotive Accessories Product Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Home Décor & Furnishing Product Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Home Décor & Furnishing Product Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Small Leather Goods & Accessories Product Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Small Leather Goods & Accessories Product Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Apparel Product Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Apparel Product Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Handbags Product Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Handbags Product Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Pet Accessories Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Pet Accessories Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Leather Goods Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Leather Goods Market by Country, 2021 - 2027, USD Million
TABLE 33 US Leather Goods Market, 2017 - 2020, USD Million
TABLE 34 US Leather Goods Market, 2021 - 2027, USD Million
TABLE 35 US Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 36 US Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 37 US Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 38 US Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 39 Canada Leather Goods Market, 2017 - 2020, USD Million
TABLE 40 Canada Leather Goods Market, 2021 - 2027, USD Million
TABLE 41 Canada Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 42 Canada Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 43 Canada Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 44 Canada Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 45 Mexico Leather Goods Market, 2017 - 2020, USD Million
TABLE 46 Mexico Leather Goods Market, 2021 - 2027, USD Million
TABLE 47 Mexico Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 48 Mexico Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 49 Mexico Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 50 Mexico Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 51 Rest of North America Leather Goods Market, 2017 - 2020, USD Million
TABLE 52 Rest of North America Leather Goods Market, 2021 - 2027, USD Million
TABLE 53 Rest of North America Leather Goods Market by Type, 2017 - 2020, USD Million
TABLE 54 Rest of North America Leather Goods Market by Type, 2021 - 2027, USD Million
TABLE 55 Rest of North America Leather Goods Market by Product, 2017 - 2020, USD Million
TABLE 56 Rest of North America Leather Goods Market by Product, 2021 - 2027, USD Million
TABLE 57 key information – Adidas AG
TABLE 58 Key Information – Nike, Inc.
TABLE 59 Key information – PUMA SE
TABLE 60 key information – Tapestry, Inc.
TABLE 61 Key Information – New Balance, Inc.
TABLE 62 Key information – Herman Miller, Inc.
TABLE 63 key information – American Leather Operations, LLC
TABLE 64 key information – Lear Corporation
TABLE 65 key information – VF Corporation
TABLE 66 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.