Global Luxury Leather Goods Market Expected to Grow At XX Million By 2025
According to a new report published by Reports Monitor titled, “Luxury Leather Goods Market by End Use: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Luxury Leather Goods market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific region is anticipated to lead the market and keep growing continuously throughout the forecast period.
Leather is dead skin which is adaptable and solid material gathered through a procedure of tanning creature skin or rawhide as often as possible steers cover up. Different highlights of regular cowhide make it better finished materials over other products such as comfort, affability, versatility and perseverance. Calfskin can be delivered on huge manufacturing scale extending from cottage industry to overwhelming industry. Individuals influence utilization of extravagance to cowhide for different purposes from garments (e.g., shoes, caps, coats, skirts, pants, and belts), bookbinding, leather wallpaper, and as a furniture covering. It is delivered in a wide assortment of sorts and styles, enhanced by an extensive variety of systems.
The luxury leather goods market around the globe is mostly driven by rising disposable incomes of the people, increased living of standard, purchasing power and change in the consumer preference. Moreover, gigantic market players innovating and offering new features & designs to customers expanding end-user base, characteristics of leather including dust-proof, crack-proof and fire-proof and up surge in domestic and international tourism has fuelled the market growth of luxury leather goods. The market is boosted by rise in export of the leather material around the world; desire to possess trendy items and leverage of fashion industry. However, government rules and regulations on slaughtering of animals and hefty prices of the luxury leather goods are obstacles that might restrict the growth of the market further.
The global luxury leather goods market is segmented on the basis of type, end-use, gender and region. Based on the type of quality the market is distributed into high-grade, mid-grade and low-grade. Depending on end-use the market is separated as age 15-25, age 25-50, old than 50 and others. Gender wise market is spilt into male and females.
Key Questions Answered:
• What will the market size and the growth rate be in 2025?
• What are the important aspect leading the global luxury leather goods market?
• What are the key outcomes of the five forces analysis of the global luxury leather goods market?
• What are the key market trends influencing the growth of the global luxury leather goods market?
• What are the challenges to market growth?
• Who are the key vendors in the global luxury leather goods market?
• What are the market opportunities and threats faced by the vendors in the global luxury leather goods market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe and MEA?
Major players profiled in the market include: Prada, Michael Kors, Dior, Louis Vuitton, Coach, Richemont Group, Kate Spade, Burberry, Hermes and Chanel.
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