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Global Leather Luggage and Goods Market Is Estimated to Be Valued at US$ 525 Billion by 2022 End

The worldwide leather luggage and goods market is broadly segmented by product type, gender, distribution channel and region.

Posted: Monday, October 30, 2017 at 10:10 PM CDT

New York City, NY -- (SBWire) -- 10/30/2017 --The global leather luggage and goods market is estimated to register a modest CAGR during the estimated period of 2017-2022. In revenue terms, the overall market is anticipated to reach a market value of above US$ 525 billion by the year end 2022.

Market Segmentation

The worldwide leather luggage and goods market is broadly segmented by product type, gender, distribution channel and region.

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Forecast by Product type

Based on the product type, the market is sub-categorized into business bags, purses, wallets & belts accessories, casual bags, travel bags, footwear accessories, gloves accessories, leather bracelets accessories and neckpieces accessories. The travel bag section is expected to growth steadily in revenue terms by reaching nearly US$ 35000 million by the end of 2022. The casual bags is also projected as a lucrative market owing to increasing demand for daily travelling bags that has influenced manufacture more casual bags. This segment is likely to witness steady growth during the forecast period.

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Forecast by gender

The key end-users of the leather luggage and goods market are women, men and unisex. Demand for leather luggage and goods among women is likely to exceed US$ 66000 million in value in the universal market. On the other hand, demand for wallet, jackets and footwear among men is likely to witness a spike during the forecast period.

Forecast by distribution channel

The leather products are distributed through retail stores, online stores and other channels. The sales of the products by way of online stores division are projected to record a remarkable CAGR during the estimated period of 2017- 2022. However, the retail store division is likely to reflect a high growth by registering revenues above US$ 95000 million by the end of 2022.

Forecast by region

The market is studied across the following six regions

Europe, Japan, APEJ, Latin America, North America, MEA

Among other region, the North American market is expected as the most lucrative region worldwide.

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Key Market Players

The prominent players at present in the overall leather luggage and goods market include

Louis Vuitton SE, Kering SA, LVMH Moët Hennessy, Christian Dior SE

Prada SpA, Hermès International SCA, Knoll Inc., Delsey Luggage Inc., Samsonite International SA, V.I.P. Industries Ltd.

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