Global Leather Goods Market to reach USD 588.71 billion by 2027.
Global leather goods Market is valued approximately at USD 394.12 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2021-2027.Leather goods are those goods which are manufactured and contain some amount of leather in it. The global leather goods market is being driven by rising demand for comfortable, trendy, and fancy leather apparel, footwear, and accessories and the rising demand for contemporary designs. Furthermore, rising consumer disposable income and improved in living standards, changing fashion trends, and growing domestic and international tourism will provide new opportunities for the global leather goods industry. For instance, according to Statista in 2017, the leather apparel market grown by approximately 5.46 % as compared year 2016, and reached 6.2% in 2020 and also the china and united states have largest leather apparel market worldwide in terms of revenue. As a result, increased in leather apparel market revenue will necessitate the use of more leather goods in the manufacturing of different manufacturing, which will serve as a catalyst for the leather goods industry in the future. However, stringent legal and political regulations formed by several governments impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of global leather goods market The growing product popularity coupled with increasing online purchases makes North America the leading region across the world in terms of market share. Whereas, North America is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027, due to increasing number of athletes and health & fitness conscious individuals in the region.
Major market player included in this report are:

Adidas AG
Nike. Inc.
Puma SE
Fila Inc.
New balance Athletics Inc.
Knoll Inc,
American leather holdings, LLC
Samsonite International S.A.
VIP Industries Ltd.
Timberland LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Genuine
Synthetic
Vegan
By Product:
Handbags
Small leather goods & accessories
Apparel
Footwear
Pet accessories
Automotive accessories

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Leather Goods Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors