Seattle, WA -- (SBWIRE) -- 12/11/2019 -- The deep insightful data analysis based on "Leather Goods Market 2019 to 2026" has been recently published by Stratagem Market Insights encompasses associate complete study of this business area with regards to polar business drivers, market share analysis, and also the latest trends characterizing the Leather Goods business landscape. This report additionally covers details of market size, growth spectrum, and also the competitive situation of Leather Goods market within the forecast timeline. Also report covers major geographical regions (North America, Europe, South America, Asia-Pacific, Middle East and Africa) on the basis of competitors, countries, end industries, and product types.
Leather is made from hides and skin of the animals such as cattle, sheep, dogs, pigs, and others by the process of tanning or by impregnation preserving the natural structure of the hide. Increasing supply of the raw material depends on the increasing demand for meat, is driving growth of leather goods market. According to United States, Food and Agriculture Organization, the meat consumption in 2015 was 41.3 kg per capita in world, which is expected to increase up to 45.3 kg per capita by 2030. Furthermore, the leather is one of the most traded commodities in the world and plays an important role in the growing economy of the world. According to Council for Leather Exports (CLE), U.S. holds first position in import of leather products and accounted for 14.25% in 2016, which increases up to 15.36% in 2017.
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The analysis report on Global Leather Goods Market could be a comprehensive study of current situation of the market. The report additionally provides a logical analysis of the key challenges moon-faced by the leading pioneers operational within the market, that helps the participants in understanding the difficulties they'll face in future whereas functioning within the worldwide market over the forecast amount.
Market Dynamics
Asia Pacific is projected to hold the dominant position in global leather goods market, followed by North America and Europe over the forecast period. There are various institutional support offered to the leather industry, which is expected to fuel the growth of leather goods market. For instance, Leather Industry Association of Botswana, represents hide and skin and manufacturers of leather products collaborated with the government in order to review legislation, policy strategies and guidelines to improve the quality, and leather products manufacturing plants.
However, as the production of leather involves killing of animals such as cattle and calves, the petitions are being filed by various organizations such as People for the Ethical Treatment of Animals (PETA) to ban leather products, which is expected to have negative impact on the growth of market. Moreover, introduction of cheaper raw materials as compared to leather is also hindering the market growth.
Global Key Vendors Analysis: Key companies covered as a part of this study include LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès International S.A., Dolce & Gabbana Luxembourg S.à.r.l., Overseas Leather Goods Company Pvt Ltd, Will Leather Goods, Tata International Ltd, Chanel International B.V., Prada S.p.A, and Ralph Lauren Corporation
Leading Geographical Regions in Leather Goods Market:
North America, Asia-Pacific, UK, Europe, Central & South America, Middle East & Africa
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Key features of the study:
This report provides in-depth analysis of leather goods and provides market size (US$ Billion & Billion Units) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019 – 2026), considering 2018 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global leather goods market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics.
The global leather goods market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the leather goods market.
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Customization of this Report: This Leather Goods report could be customized to the customer's requirements. We will ensure you obtain the report which works for your needs.