The Global Leather Goods Market is Segmented by Product Type (Footwear, Handbags, Luggage, Clothing, and More), by End-User (Male, and Female), by Category (Mass, and Premium), by Distribution Channel (Offline Retail Stores and Online Retail Stores), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global synthetic leather market is estimated to reach USD 31.0 billion in 2025 and expand to USD 54.9 billion by 2035, reflecting a CAGR of 5.9% over the forecast period.

Metric	Value
Industry Size (2025E)	USD 31.0 billion
Industry Value (2035F)	USD 54.9 billion
CAGR (2025 to 2035)	5.9%

Country Wise Analysis

Country	CAGR (2025 to 2035)
United States	6.2%

Country	CAGR (2025 to 2035)
United Kingdom	5.5%

Region	CAGR (2025 to 2035)
European Union	5.7%

Country	CAGR (2025 to 2035)
Japan	5.3%

Country	CAGR (2025 to 2035)
South Korea	5.8%

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Leather Goods Market Size 2024-2028

The leather goods market size is forecast to increase by USD 105.8 billion at a CAGR of 6.78% between 2023 and 2028.

The market encompasses a range of products including handbags, wallets, footwear, luggage, and furniture. Key market trends include the adoption of innovative marketing strategies and the introduction of different leather varieties. Apple's influence on the industry is notable, with consumers increasingly seeking high-quality, durable, and sustainable leather goods. 
Operational costs continue to fluctuate due to factors such as outsourcing production to countries like China and Vietnam, as well as the rising cost of raw materials like mushroom leather. Digital marketing and influencer partnerships are also driving growth In the sector. In the US market, apparel categories like handbags and sneakers are experiencing significant demand, with consumers prioritizing functionality, style, and affordability.
The use of plastic alternatives is gaining traction due to environmental concerns, but leather remains a preferred material for many consumers due to its durability and classic appeal.

What will be the Size of the Leather Goods Market During the Forecast Period?

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The market encompasses a wide range of products, including apparel, footwear, and accessories. Driven by rising living standards and evolving fashion trends, the market has experienced significant growth in recent years. Fancy leather apparel and intricately designed handbags, belts, wallets, footwear, and other accessories continue to gain popularity due to their versatility and durability. 
Leather manufacturers employ advanced automated machinery and processing techniques to create complex designs, such as digital cutting and mushroom leather, enhancing the appeal of these products. Brand awareness plays a crucial role In the market, with designers and world-renowned labels driving demand for high-quality leather goods.
The leather material is used not only for fashion items but also for saddles, furniture, and various industrial applications. The market is expected to maintain its momentum, reflecting the enduring appeal of this versatile material.

How is this Leather Goods Industry segmented and which is the largest segment?

The leather goods industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Footwear
  LBWP
  Others


Distribution Channel

  Offline
  Online


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    UK
    France


  South America



  Middle East and Africa

By Product Insights

The footwear segment is estimated to witness significant growth during the forecast period.

The market encompasses a wide range of consumer products, including footwear, apparel, accessories, and leather-covered furniture. This industry is driven by factors such as rising demand for fashionable and durable leather consumer goods, as well as the versatility and luxurious appeal of genuine leather. Brands and designers continue to innovate, introducing complex designs and sustainable alternatives like synthetic type materials such as polyurethane and polyvinyl chloride. Consumers, particularly UHNWIs, seek out high-end, branded goods from companies who offer a variety of leather footwear, luggage, apparel, and accessories. Leather manufacturers utilize automated machinery and advanced processing techniques to create intricate designs and digital cutting patterns.

Despite the popularity of leather goods, there are concerns regarding the environmental impact and animal welfare issues associated with animal-based leather production. As a result, there is a growing trend towards sustainable plant-based materials like PLA corn plastic, PET, and PV-based coatings. In conclusion, the market continues to thrive due to its durability, versatility, and luxury appeal, with a focus on sustainable and ethical production methods.

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The Footwear segment was valued at USD 135.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 49% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC is experiencing significant growth due to increasing living standards, fashion trends, and a rising consumer base. Key countries, including China, Japan, and South Korea, contribute subs

This statistic shows the market value of the leather goods market worldwide from 2016 to 2021. In 2016, the global market value of leather goods was worth approximately ****** billion U.S. dollars.

The global leather market dropped slightly to $48B in 2024, approximately equating the previous year. In general, consumption, however, continues to indicate a mild decrease. Over the period under review, the global market hit record highs at $61.2B in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

Leather Products Market size was valued at USD 453.7 Billion in 2024 and is projected to reach USD 648.61 Billion by 2031, growing at a CAGR of 5.04% from 2024 to 2031.

A number of important elements that are indicative of changing customer preferences, economic trends, and industry innovations drive the leather products market. First off, the demand for high-end and luxury leather goods—such as purses, shoes, and accessories—is fueled by customers' shifting lifestyles and rising disposable income across the globe. These items are coveted for their durability and visual appeal and are frequently viewed as status symbols. Second, the market is greatly boosted by the expansion of the fashion sector since leather goods are a mainstay of fashion collections and are in high demand due to shifting fashion trends as well as the widespread popularity of leather goods among consumers and designers.

The global mycelium leather market size and share will traverse an astonishing advancement at a CAGR of 23% through 2034. This staggering development will elevate the mycelium leather market valuation and size from USD 53.6 million to USD 424.7 million from 2024 to 2034. The mycelium leather worldwide outlook suggests that various factors contribute to this development.

Attributes	Key Insights
Estimated Mycelium Leather Industry Size in 2024	USD 53.6 million
Projected Mycelium Leather Industry Value in 2034	USD 424.7 million
Value-based CAGR from 2024 to 2034	23%

Country-wise Analysis

Countries	Forecasted CAGR
Canada	22.5%
The United Kingdom	22.6%
India	23.8%

Category-wise Insights

Category	Type- Dyed Mycelium Leather
Industry Share in 2024	55%

Category	Application - Footwear
Industry Share in 2024	40%

The size of the MEA Leather Goods Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.06% during the forecast period. Key drivers for this market are: Increase in Sports Participation, Trend of Athleisure. Potential restraints include: Availability of Fake and Counterfeit Products. Notable trends are: Specialized Leather Processing Hub leading to an Increase in Production and Exports.

The Europe Leather Goods Market Report is Segmented by Product Type (Footwear, Handbags, Luggage, Clothing, and More), End User (Male, Female), Category (Mass, Premium), Distribution Channel (Offline Retail Stores, Online Retail Stores), and Geography (Germany, United Kingdom, Italy, France, Spain, Netherlands, Poland, Belgium, Sweden, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

The leather goods industry is expected to expand from its estimated value of USD 493.58 billion in 2025 to USD 904.41 billion in 2035, at a CAGR of 5.6%. Factors such as growth in demand for high-quality accessories, rising disposable income, and changing fashion demands are fueling the growth.

Metric	Value
Industry Size (2025E)	USD 493.58 billion
Industry Value (2035F)	USD 904.41 billion
CAGR (2025 to 2035)	5.6%

Country-wise Analysis of the Leather Goods Market 2025 to 2035

Countries	Estimated CAGR (2025 to 2035)
The USA	5.5%
UK	4.8%
France	4.5%
Germany	4.3%
Italy	4.0%
South Korea	6.0%
Japan	3.8%
China	7.5%
Australia	5.0%
New Zealand	4.5%

Competitive Outlook

Company Name	Estimated Market Share (%)
Adidas AG	15%
Nike, Inc.	14%
Hermès International S.A.	12%
Louis Vuitton Malletier	11%
Puma SE	10%
Other Companies	38%

In 2021, some 30 percent of the global value of exported leather goods were realized by China, making the country the leading exporter for leather goods in the world. Italy and France represented the traditional European tanning industry, with respectively 20 percent and 15 percent of the global export value for this product. Other Asian countries, such as Vietnam and India also had a share of the global export value: Vietnam with 6.4 percent and India with 2.6 percent of the worldwide export value. The value of Chinese exports of leather shoes decreased from nearly 14 billion U.S dollars in 2014 to roughly 10 billion U.S dollars in 2021.

France is one of the leading countries in terms of leather production

Considered one of the leading countries in the world market for leather goods, France produced approximately 40 million euros' worth of leather clothing in 2020. The country's production value has its ups and downs depending on the year, but 2020's figures compared to the past. Just one year earlier, for instance, France produced over 70 million euros' worth of leather apparel.

Leather products in the UK Manufacturers in the United Kingdom (UK) made an estimated 1.1 billion British pounds from leather and other related products in 2021. While it was an increase compared to the previous year, this turnover figure was still lower compared to 2018 and 2019.

The global leather goods market size reached USD 409.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 614.5 Billion by 2033, exhibiting a growth rate (CAGR) of 4.61% during 2025-2033. Consumer preferences for luxury items and high-quality products, the increasing disposable incomes, technological advancements revolutionize manufacturing processes, shifting fashion trends and sustainable practices shape consumer choices, e-commerce expansion, and globalization are some of the factors fueling the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 409.7 Billion
Market Forecast in 2033	USD 614.5 Billion
Market Growth Rate ​​​​​​​2025-2033	4.61%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on the product, material, price, and distribution channel.

Graph and download economic data for Employment for Manufacturing: Leather and Allied Product Manufacturing (NAICS 316) in the United States (IPUEN316W010000000) from 1987 to 2024 about leather, NAICS, IP, production, manufacturing, employment, and USA.

The Coating Agents For Synthetic Leather Market report segments the industry into Resin Type (PU, PVC, Silicone, Other Resin Types), Application (Automotive, Furniture and Domestic Upholstery, Footwear, Textile and Fashion, Transportation, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). Includes historical data and five-year market forecasts.

Comprehensive analysis of Europe's leather market from 2024-2035, covering consumption trends, production, trade, key countries, product types, and forecasts with CAGR data for volume and value.

According to Cognitive Market Research, the global Traditional leather market size will be USD 93624.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 34641.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 27151.19 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 22469.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 3557.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 3744.99 million in 2025. It will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 2059.75 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2033.
The semi-aniline leather segment is rapidly growing in the Traditional leather industry

Market Dynamics of Traditional leather Market

Key Drivers for Traditional leather Market

Consumer spending surge drives forward momentum in the traditional leather Market

Increasing consumer spending is expected to drive future growth in the leather goods market. Consumer spending refers to the total amount of money spent by individuals or households on goods and services over a given timeframe. Consumer spending rises, leading to the purchase of premium products such as leather goods. For instance, according to the US Bureau of Economic Analysis, a US-based government agency, consumer spending in the United States increased to 15494.21 USD Billion in the third quarter of 2023 from 15343.60 USD Billion in the second quarter of 2023. As a result, rising consumer spending fuels the leather goods market

https://www.bea.gov/news/blog/2024-02-28/gross-domestic-product-fourth-quarter-and-year-2023

A surge in demand for premium luxury leather products drives market growth

The growing demand for premium and high-quality luxury leather products is expected to drive future growth in the leather goods industry. Luxury leather products are unique leather items made from high-quality leather with a luxurious, smooth surface and few flaws. Customers are drawn to expensive luxury items because they symbolise their wealth, reputation, and social standing. As a result, they are willing to pay higher prices and devote a significant amount of time to self-indulgence when purchasing luxury items, such as leather. For instance, according to a report published in August 2022 by World Footwear, a Portugal-based provider of information, news, events, and statistics on the global footwear sector, sales of Hermès International's Leather Products and Saddlery business increased by 16% in the first quarter of 2022 compared to the same period in 2021, owing to increased manufacturing capacity and consistent demand. As a result, rising demand for premium and high-quality luxury leather products is propelling the leather goods industry forward

Restraint Factor for the Traditional Leather Market

Environmental Concerns and Ethical Issues Limit Market Growth

One of the primary restraints on the global leather goods market is growing concern about the environmental and ethical implications of leather production. Traditional leather tanning processes use hazardous chemicals such as chromium, which can cause significant environmental pollution if not handled properly. According to the World Bank, leather tanning is one of the most polluting industries, contributing to increased air and water pollution. Furthermore, ethical concerns about animal cruelty in the leather industry are driving customers to seek alternatives. The rise of veganism and increased awareness of animal rights have increased demand for vegan leather and other environmentally friendly materials. According to a Vegan Society survey, 42% of UK consumers have cut back on animal products due to ethical concer...

The U.S. Leather Goods Market size was valued at USD 52.32 billion in 2023 and is projected to reach USD 81.30 billion by 2032, exhibiting a CAGR of 6.5 % during the forecasts period. Recent developments include: In October 2022, Dior unveiled its Cruize 2023 collection, which comprised leather accessories and products restructuring the traditional Andalusian spirit paired with latest and chic designs by Dior. , In July 2022, Nike introduced five novel sneakers, which includes the Air Force 1 Low '07' 'Fresh, Air Max 97 Coconut Milk and Black, and Air Trainer 1 'Midnight Navy, which are manufactured from various kinds of leather such as premium leather. , In April 2021, Adidas Ag declared the introduction of its new shoes, Stan Smith sneakers, which are manufactured from vegan leather. A mushroom-based material was used to produce these shoes. This new unveiling is a crucial plan of the company’s wider sustainability objectives to fulfill the surging demand for sustainable items in the market. . Key drivers for this market are: Increasing consumer awareness of fashion trends. Potential restraints include: Rising raw material costs. Notable trends are: Rising disposable income.

The turnover of the leather and related products manufacturing industry in the United Kingdom declined to 1.3 billion euros in 2018. Nevertheless, the last two years in this industry recorded a significant higher turnover than the preceding years.For the purpose of Eurstat Dataset NACE Rev.2 Section K turnover comprises the totals invoiced by the observation unit during the reference period, which corresponds to market sales of goods or services supplied to third parties.Find more statistics on other topics about the United Kingdom with key insights such as personnel costs of the food product manufacturing industry, number of enterprises in the industrial gases manufacturing industry, and number of enterprises in the textile manufacturing industry.

The Microfiber Synthetic Leather Market Report is Segmented by Material Type (Polyurethane-Based, and More), Texture/Grain Type (Suede, Nappa, Split, and More), End-User Industry (Fashion and Apparel, Automotive and Transportation, Furniture and Home Décor, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The revenue of the global non-animal leather clothing market, including apparel, footwear, and accessories, was estimated to total over ** billion U.S. dollars in 2022. This figure is forecast to rise steadily over the coming years, reaching approximately ** billion dollars by 2025.