Overview and Scope
Apparel and leather products refer to all products, including accessories, of which any component is a textile made by weaving, knitting, or felting; whereas leather products are a robust, elastic, and resilient material made from animal hides and skins that have been chemically treated to prevent deterioration.
Sizing and Forecast
The apparel and leather products market size has grown strongly in recent years. It will grow from $1045.45 billion in 2023 to $1127.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to globalization of fashion industry, retail expansion and e-commerce boom, sustainable and ethical fashion movement, cultural and social influences, fast fashion phenomenon.
The apparel and leather products market size is expected to see strong growth in the next few years. It will grow to $1511.52 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rise of sustainable fashion practices, global supply chain resilience, cultural diversity and inclusivity, circular fashion economy, rise of rental and secondhand markets. Major trends in the forecast period include digital transformation in fashion retail, customization and personalization, digital fashion shows and virtual events, innovations in leather alternatives, blockchain for supply chain transparency.
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Segmentation & Regional Insights
The apparel and leather products market covered in this report is segmented –
1) By Type: Leather And Allied Products, Apparel
2) By Distribution Channel: Online Sales, Offline Sales
3) By End User Sex: Men, Women, Kids
Subsegments Covered: Leather Footwear, Non-Leather Footwear, Leather Luggage, Hand Bags And Other Goods, Non-Leather Luggage, Hand Bags And Other Goods, Leather Tanning, Womens Wear, Mens Wear, Kids Wear
Asia-Pacific was the largest region in the apparel and leather products market in 2023. Western Europe was the second largest region in the apparel and leather products market. The regions covered in the apparel and leather products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for footwear is expected to propel the growth of the apparel and leather markets going forward. Footwear encompasses items designed to be worn on the feet, including shoes, boots, and various outer coverings for the human foot. Leather is a favored material in the footwear sector because of its enduring quality, comfort, and fashionable appeal. For instance, in September 2021, the United States International Trade Commission, a US-based independent, nonpartisan, quasi-judicial federal agency, the United States saw a surge in footwear imports, reaching a total value of $27.2 billion. This marked a significant growth of $6.5 billion, or a 31.4% increase compared to the 2020. Therefore, the rising demand for footwear will drive apparel and leather market growth.
Key Industry Players
Major companies operating in the apparel and leather products market report are Louis Vuitton Moet Hennessy РLVMH, Christian Dior SE, Adidas AG, H&M Hennes & Mauritz AB, Kering SA, Nike Inc., VF Corporation, Herm̬s International S.A., Puma SE, Coach Inc., Ralph Lauren Corporation, Levi Strauss & Co., New Balance Athletics Inc., Fila Holding S.p.A., Michael Kors Holdings Limited, Burberry Group PLC, Calvin Klein Inc., Tommy Hilfiger Licensing LLC, Giorgio Armani S.p.A., Valentino Fashion Group S.p.A., Kate Spade & Company, Knoll Inc., The Timberland Company LLC, Versace S.p.A., Rajesh Exports Limited, Johnston & Murphy Inc., Hobbs PLC, Givenchy S.A.S., Noisy May ApS, Woodland Worldwide Brands Limited, The Gap Inc.
The apparel and leather products market report table of contents includes:
1. Executive Summary
2. Apparel And Leather Products Market Characteristics
3. Apparel And Leather Products Product/Service Analysis -Product/Service Examples
4. Apparel And Leather Products Market Trends And Strategies
5. Apparel And Leather Products Market – Macro Economic Scenario
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31. Belgium Apparel And Leather Products Market
32. Denmark Apparel And Leather Products Market
33. Finland Apparel And Leather Products Market
34. Ireland Apparel And Leather Products Market
35. Netherlands Apparel And Leather Products Market
36.Appendix
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