A recently published report on “Leather Accessories Market: Global Industry Analysis (2012 – 2016) & Forecast (2017 – 2023),” offers exclusive insights to the readers on the recent trends and market dynamics of the Leather Accessories Market. The report reveals various types of products that are used by the manufacturers in the luggage, textile and the electronic industry.
This report offers insights on factors contributing towards growth of the global Leather Accessories Market positively along with several trends that are expected to impact the future and current dynamics of the market. The global Leather Accessories Market is expected to be segmented on the basis of product type, gender type, distribution type, and region.
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The global Leather Accessories Market is expected to witness moderate growth attributed to growing need for water and dust resistant luggage products. In addition, increasing number of travellers due to business trips and expeditions is expected to impact growth of the global Leather Accessories Market positively during the predicted period.
Further, growing need for warm and protective clothes among the consumers in the cold countries is projected to rev up demand for leather in the textile industry. Electronic products can be exposed to water contamination or fire. Growing need for protective luggage products for the electronic products is expected to fuel demand for leather among the electronic manufacturers.
According to a recently published report by Persistence Market Research, the global leather luggage goods market is expected to register a moderate CAGR during the predicted period, 2017 – 2023. In terms of revenue, the global Leather Accessories Market is expected to represent a value of over US$ 525 Bn by the end of 2023.
Market Players
Key players in the global Leather Accessories Market are Christian Dior SE, LVMH Moët Hennessy Louis Vuitton SE, Kering SA, Hermès International SCA, Prada SpA, V.I.P. Industries Ltd., Knoll, Inc., Samsonite International SA, and Delsey Luggage Inc.
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The report offers insights on various product types that are expected to impact growth of the global Leather Accessories Market. Surge in travelling due to expeditions and business trips has led to an upsurge in demand for travel bags. Attributed to increase in expeditions and business trips, the travel bag segment among other product types is predicted to witness a relatively high growth in terms of revenue.
Further, increasing need for bags for daily use has revved up demand for casual bags globally. The casual bag segment as compared to other product types is expected to witness the second highest revenue growth in the global market. By region, North America is predicted to represent the largest market for leather luggage and goods globally.
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The next section offers insights on the gender type that are expected to impact growth of the global market of Leather Accessories Market. Demand for the leather bags and products are predicted to remain relatively high among women. In terms of revenue, the women segment as compared to other gender types is expected to register a relatively high growth in the global market. Further, surge in demand for jackets, footwear, and gadget bags is expected to represent a considerable demand among men. The men segment in the global market is expected to represent the second highest growth in terms of revenue.
In the final section, the report offers insights on the distribution channels that are impacting growth of the global Leather Accessories Market. Sales of the leather luggage and goods is expected to generate relatively high revenue through the retail store segment in the global market. However, the online store segment is expected to represent the highest CAGR in the global market during the predicted period.
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