The global fashion and garment leather market was estimated to be USD xx Billion in 2020 and is anticipated to touch USD 214 Billion by the end of 2028, while increasing at a CAGR of 4.2% during the forecast period (2021-2028).

Introduction of the Fashion and Garment Leather Market Report

Leather is considered as one the most popular fabric globally for the fashion and garment industry. Different types of leather are being used to manufacture everyday products such as apparel, shoes, bags, and other accessories. Furthermore, rising disposable income and consumer’s spending on fashion and clothing is supplementing the demand for leather products globally.

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Market Dynamic

Key Drivers and Emerging Trends

Surging demand on fashion and leather goods from the emerging economies continues to be one of the major growth drivers. For instance, according to the International Monitory Fund (IMF), an estimated global consumer class of around 4 billion people spends approximately USD 55 Trillion per year. It includes spending on clothing, apparel, and other additional accessories. Therefore, growing spending has propelled the fashion and garment leather market growth. Furthermore, growing brand awareness supported by rising disposable income has further accelerated the market for premium leather goods. Companies such as Louis Vuitton, Prada, Gucci are some of the popular fashion brands in the luxury leather products market

Owing to the growing demand for leather products globally, leading manufacturers are adopting several strategies for launching new leather products with an innovative design through mergers and acquisitions, and expansion of the production capacity. For instance, in 2018, the Richemont Swiss luxury group’s leather goods business expanded the production of accessories such as wallets, handbags, belts, and travel goods for its portfolio of luxury brands.

Restraint in the Fashion and Garment Leather Market

However, presence of alternatives such as cotton, rubber and other plant-based leather products act as a market restraint. These alternative products are eco-friendly and have a low cost compared to other animal-based leathers. Increasing adoption of cotton for the fashion industry due to the surge in cotton production around the globe has hampered the fashion and garment leather market growth. Furthermore, cotton is responsible for the generation of USD 3 trillion revenue for the global fashion industry, including clothing with unique designs from reputed brands.

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Product – Segment Analysis

Based on the product, footwear segment dominated the market in 2020 occupying highest market share and is expected maintain its dominance over the forecast period. For instance, according to the Footwear Distributors and Retailers of America in 2020, an estimated around 25 million pairs were annually made in the United States. Furthermore, increase in import-export activities of leather footwear is further contributing to market growth. For instance, according to the Leather India Organization in 2020, the footwear leather and leather products export from India was valued USD 3.68 Billion.

Animal Type – Segment Analysis

Based on animal type, the bovine segment occupied the largest share in the market and is expected to grow at fastest rate during the forecast period. The easy availability of raw material and presence of huge livestock in the developing economies is a major factor responsible for the growth of bovine segment during the forecast period. Moreover, bovine is popular for the manufacturing of footwear in developed and developing countries such as India, China, the United States, Germany, and many other European countries, thereby contributing to the growth of the global fashion and garment leather market during the forecast period.

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Regional – Segment Analysis:

Based on region, the APAC market is expected to witness fastest growth in the coming years owing to increasing spending on fashion and leather products among populous countries such as China and India. Furthermore, increasing production facility, rising import and export activities and favourable government initiatives will further propel the demand in the coming years. China stands to be one of the largest manufacturer of the leather and leather products due to availability of the raw materials and growing population demand for the fashion and apparels.

Top Market Players

Various notable players operating in the market include Adidas AG, Hermes, Puma SE, Louis Vuitton, Prada, Woodland Worldwide, among others. 

Key Developments:

• • In, 2021, Louis Vuitton launched Women’s Spring-Summer 2021 Collection at Samaritaine Show in Paris.  A collection includes selection of bags entirely with new designs as well as reinterpretations of iconic models.
  • In 2021, Louis Vuitton in collaboration with JD.com, has planned to expand the reach of the products in China through online channel. This tactical partnership can be considered as a creative approach for China’s online luxury fashion trade
  • In 2020, Hermes stated that the company will bulk up leather goods production with the new production unit in France. This expansion was strategically for expanding the leather goods product portfolio like handbags and others

Segments covered in the Report:

The global fashion and garment leather market has been segmented on the basis of product, animal type, finish, end-user, type and key regions. Based on product, the market is segmented into clothing, footwear, accessories, and others. Based on animal type, the market is segmented into bovine, goat, sheep, pig and others. Based on finish, the market is segmented into nappa, split, suede, waxy and others. By End-User, the market is segmented into men, women and kids. Based on type, the market is segmented into full grain, top grain, genuine and bonded leather.   

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Key questions answered in this research report:

• • At what pace is global Fashion and Garment Leather market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Fashion and Garment Leather market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Fashion and Garment Leather market?
  • Which product generated maximum revenues in 2020 and identify the most promising Product during the forecast period?
  • What are the various finish types used in the global Fashion and Garment Leather Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Animal Type, By Finish, By End-User, By Type and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Profiles of Top 10 Major Companies Operating in “Global Fashion and Garment Leather Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Fashion and Garment Leather Market by Product

• • Clothing & Apparel
  • Footwear
  • Accessories
  • Others

Global Fashion and Garment Leather Market by Animal Type

• • Bovine
  • Goat
  • Sheep
  • Pig
  • Others

Global Fashion and Garment Leather Market by Finish

• • Nappa
  • Split
  • Suede
  • Waxy
  • Others

Global Fashion and Garment Leather Market by End-User

• • Men
  • Women
  • Kids

Global Fashion and Garment Leather Market by Type

• • Full Grain
  • Top Grain
  • Genuine
  • Bonded Leather

Global Fashion and Garment Leather Market by Region

• • North America Fashion and Garment Leather Market (Option 1: As a part of the free 25% customization)
    • North America Fashion and Garment Leather Market by Product
    • North America Fashion and Garment Leather Market by Animal Type
    • North America Fashion and Garment Leather Market by Finish
    • North America Fashion and Garment Leather Market by End-User
    • North America Fashion and Garment Leather Market by Type
    • US Fashion and Garment Leather Market All-Up
    • Canada Fashion and Garment Leather Market All-Up
  • Europe Fashion and Garment Leather Market (Option 2: As a part of the free 25% customization)
    • Europe Fashion and Garment Leather Market by Product
    • Europe Fashion and Garment Leather Market by Animal Type
    • Europe Fashion and Garment Leather Market by Finish
    • Europe Fashion and Garment Leather Market by End-User
    • Europe Fashion and Garment Leather Market by Type
    • UK Fashion and Garment Leather Market All-Up
    • Germany Fashion and Garment Leather Market All-Up
    • France Fashion and Garment Leather Market All-Up
    • Spain Fashion and Garment Leather Market All-Up
    • Rest of Europe Fashion and Garment Leather Market All-Up
  • Asia-Pacific Fashion and Garment Leather Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Fashion and Garment Leather Market by Product
    • Asia-Pacific Fashion and Garment Leather Market by Animal Type
    • Asia-Pacific Fashion and Garment Leather Market by Finish
    • Asia-Pacific Fashion and Garment Leather Market by End-User
    • Asia-Pacific Fashion and Garment Leather Market by Type
    • China Fashion and Garment Leather Market All-Up
    • India Fashion and Garment Leather Market All-Up
    • Japan Fashion and Garment Leather Market All-Up
    • Rest of APAC Fashion and Garment Leather Market All-Up
  • RoW Fashion and Garment Leather Market (Option 4: As a part of the free 25% customization)
    • RoW Fashion and Garment Leather Market by Product
    • RoW Fashion and Garment Leather Market by Animal Type
    • RoW Fashion and Garment Leather Market by Finish
    • RoW Fashion and Garment Leather Market by End-User
    • RoW Fashion and Garment Leather Market by Type
    • Brazil Fashion and Garment Leather Market All-Up
    • South Africa Fashion and Garment Leather Market All-Up
    • Saudi Arabia Fashion and Garment Leather Market All-Up
    • UAE Fashion and Garment Leather Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Fashion and Garment Leather Market All-Up