{"id":341280,"date":"2019-03-12T08:35:01","date_gmt":"2019-03-12T08:35:01","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=341280"},"modified":"2019-03-12T08:35:01","modified_gmt":"2019-03-12T08:35:01","slug":"leather-goods-market-estimated-to-register-a-highest-cagr-of-54-from-2018-to-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/leather-goods-market-estimated-to-register-a-highest-cagr-of-54-from-2018-to-2025-grand-view-research-inc_341280.html","title":{"rendered":"Leather Goods Market Estimated To Register A Highest CAGR Of 5.4% From 2018 To 2025: Grand View Research Inc."},"content":{"rendered":"<div style=\" width:250px; padding:8px 10px 10px 10px; float:right;\"><a href=\"https:\/\/www.abnewswire.com\/pressreleases\/wp-content\/uploads\/2019\/03\/1552287344.jpeg\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"image\" src=\"https:\/\/www.abnewswire.com\/pressreleases\/wp-content\/uploads\/2019\/03\/1552287344.jpeg\" alt=\"\" width=\"200\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/p>\n<div class=\"quotes\" style=\" font-weight:bold; font-style:italic;\">\n<div>&#8220;Grand View Research, Inc. &#8211; Market Research And Consulting.&#8221;<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">According to report published by Grand View Research, The leather goods market growth is mainly driven by growing disposable income, improved living standards, changing fashion trends, and growing domestic and international tourism. <\/p>\n<\/div>\n<p style=\"text-align: justify;\">According to a report,<strong>&#8220;Leather Goods Market Size, Share &amp; Trends Analysis Report, By Distribution Channel (E-commerce, Retail Stores), By Product (Footwear, Luggage, Accessories, Others), By Material And Segment Forecasts, 2019 &#8211; 2025&#8221;<\/strong>, published by Grand View Research, Inc., the global&nbsp;<a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/leather-goods-market?utm_source=abnewswire.com&amp;utm_medium=referral&amp;utm_campaign=abn_LeatherGoodsMarket_12Mar_rd&amp;utm_content=Content\" target=\"_blank\">leather goods market<\/a>&nbsp;size is expected to reach USD 629.65 billion expanding at a CAGR of 5.4% by 2025. The market growth is driven by the millennials and Generation Z as younger shoppers seek a personalized shopping experience that integrates both online and offline platforms. In the offline platforms, the availability of leather goods in retail stores has an affinity to showcase its content to a large number of audiences. In U.S. it was reported that 94% of all the purchases made in 2016 were through retail stores.<\/p>\n<p style=\"text-align: justify;\"><strong>Key Takeaways from the report:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Rubber &amp; plastic material segment in the footwear market is expected to witness the highest growth rate over the forecast period<\/p>\n<\/li>\n<li>\n<p>E-commerce distribution channel in North America was estimated as the largest segment of the leather goods market in 2017<\/p>\n<\/li>\n<li>\n<p>China was the largest market. The Asia Pacific region is expected to be the fastest-growing regional market during the estimated period.<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" title=\"U.S. leather goods market size, by distribution channel, 2014 - 2025 (USD Billion)\" src=\"https:\/\/www.grandviewresearch.com\/static\/img\/research\/us-leather-goods-market.png\" alt=\"U.S. leather goods market size, by distribution channel, 2014 - 2025 (USD Billion)\" width=\"400\" height=\"200\" \/><\/p>\n<p style=\"text-align: justify;\"><strong>Browse More Reports in&nbsp;Plastics, Polymers &amp; Resins Industry:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong><strong><a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/specialty-pulp-paper-chemicals-market?utm_source=abnewswire.com&amp;utm_medium=referral&amp;utm_campaign=abn_LeatherGoodsMarket_12Mar_R1&amp;utm_content=Content\" target=\"_blank\">Specialty Pulp &amp; Paper Chemicals Market<\/a>:&nbsp;<\/strong><\/strong>Rising importance of functional chemicals, which provide excellent optical properties and improve printability, is one of the many factors driving Specialty Pulp &amp; Paper Chemicals<strong><strong>&nbsp;<\/strong><\/strong>industry growth.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><strong><strong><a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/silicone-in-electric-vehicles-ev-market?utm_source=abnewswire.com&amp;utm_medium=referral&amp;utm_campaign=abn_LeatherGoodsMarket_12Mar_R2&amp;utm_content=Content\" target=\"_blank\">Silicone in Electric Vehicles Market<\/a>:&nbsp;<\/strong><\/strong>Increasing efforts by regulatory bodies to reduce greenhouse gas emissions and lower impact of air pollution are helping the Silicone in Electric Vehicles<strong><strong>&nbsp;<\/strong><\/strong>market gain significant momentum.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" title=\"Global footwear market share, by product, 2017 (%)\" src=\"https:\/\/www.grandviewresearch.com\/static\/img\/research\/global-footwear-market.png\" alt=\"Global footwear market share, by product, 2017 (%)\" width=\"400\" height=\"200\" \/><\/p>\n<p style=\"text-align: justify;\">The major reasons driving the sale included age, gender, and location. In the footwear product segment, casual shoes like sneakers, slippers, and flats are gaining popularity, which is expected to boost the segment growth in the coming years. The market for formal shoes is expected to witness a significant growth over the forecast period owing to constant innovations, in terms of products and designs. In the sports shoes category, major manufacturers in the market including Adidas AG; Nike, Inc.; New Balance Athletics, Inc.; and Sketchers USA, Inc. are increasingly focusing on developing innovative technologies to enhance the stability of sports shoes and make them more comfortable.<\/p>\n<p style=\"text-align: justify;\">Application of leather in manufacturing bags and wallets has increased significantly in the recent years. Among all types of leather, synthetic leather has attained tremendous popularity as it is softer than conventional leather and offers high durability. The growth of casual footwear segment coupled with increasing online purchases is expected to drive the leather goods market in North America over the forecast period. Furthermore, rising number of athletes in the region and awareness about the benefits of staying active and fit are anticipated to fuel the market growth.<\/p>\n<div class=\"advanced_report_list full press_room\" style=\"text-align: justify;\">\n<p>Grand View Research has segmented the global leather goods market on the basis of basis of distribution channel, material, product, and region:<\/p>\n<p>Leather Goods&nbsp;Distribution Channel Outlook (Volume, Million Units; Revenue, USD Billion, 2014 &#8211; 2025)<\/p>\n<ul>\n<li>\n<p>E-Commerce<\/p>\n<\/li>\n<li>\n<p>Retail Stores<\/p>\n<\/li>\n<li>\n<p>Supermarkets\/Hypermarkets<\/p>\n<\/li>\n<li>\n<p>Others<\/p>\n<\/li>\n<\/ul>\n<p>Leather Goods&nbsp;Material Outlook (Volume, Million Units; Revenue, USD&nbsp;Billion,&nbsp;2014 &#8211; 2025)<\/p>\n<ul>\n<li>\n<p>Footwear<\/p>\n<ul>\n<li>\n<p>Genuine Leather<\/p>\n<\/li>\n<li>\n<p>Textiles &amp; Tropical Fibers<\/p>\n<\/li>\n<li>\n<p>Rubber &amp; Plastic<\/p>\n<\/li>\n<li>\n<p>Other<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Leather Products<\/p>\n<ul>\n<li>\n<p>Genuine Leather<\/p>\n<\/li>\n<li>\n<p>Synthetic Leather<\/p>\n<\/li>\n<li>\n<p>Bio-based Leather<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Leather Goods&nbsp;Product Outlook (Volume, Million Units; Revenue, USD&nbsp;Billion,&nbsp;2014 &#8211; 2025)<\/p>\n<ul>\n<li>\n<p>Footwear<\/p>\n<ul>\n<li>\n<p>Military Shoes<\/p>\n<\/li>\n<li>\n<p>Casual Shoes<\/p>\n<ul>\n<li>\n<p>Slippers &amp; Sandals<\/p>\n<\/li>\n<li>\n<p>Sneakers<\/p>\n<\/li>\n<li>\n<p>Others<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Formal Shoes<\/p>\n<\/li>\n<li>\n<p>Sports Shoes<\/p>\n<\/li>\n<li>\n<p>Others<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Leather products<\/p>\n<ul>\n<li>\n<p>Upholstery<\/p>\n<\/li>\n<li>\n<p>Luggage<\/p>\n<ul>\n<li>\n<p>Trunks<\/p>\n<\/li>\n<li>\n<p>Suitcases<\/p>\n<\/li>\n<li>\n<p>Others<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Accessories<\/p>\n<\/li>\n<li>\n<p>Clothing &amp; Apparel<\/p>\n<\/li>\n<li>\n<p>Bags, Wallets, &amp; Purses<\/p>\n<ul>\n<li>\n<p>Handbags<\/p>\n<\/li>\n<li>\n<p>Coin Purses<\/p>\n<\/li>\n<li>\n<p>Others<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Others<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Leather Goods&nbsp;Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2014 &#8211; 2025)<\/p>\n<ul>\n<li>\n<p>North America<\/p>\n<ul>\n<li>\n<p>U.S.<\/p>\n<\/li>\n<li>\n<p>Canada<\/p>\n<\/li>\n<li>\n<p>Mexico<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Europe<\/p>\n<ul>\n<li>\n<p>U.K.<\/p>\n<\/li>\n<li>\n<p>Germany<\/p>\n<\/li>\n<li>\n<p>France<\/p>\n<\/li>\n<li>\n<p>Italy<\/p>\n<\/li>\n<li>\n<p>Netherlands<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Asia Pacific<\/p>\n<ul>\n<li>\n<p>China<\/p>\n<\/li>\n<li>\n<p>India<\/p>\n<\/li>\n<li>\n<p>Japan<\/p>\n<\/li>\n<li>\n<p>Malaysia<\/p>\n<\/li>\n<li>\n<p>Indonesia<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Central &amp; South America<\/p>\n<ul>\n<li>\n<p>Brazil<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>Middle East &amp; Africa<\/p>\n<\/li>\n<ul>\n<li>\n<p>UAE<\/p>\n<\/li>\n<\/ul>\n<\/ul>\n<p><strong>Explore the BI enabled intuitive market research database, Navigate with <a href=\"https:\/\/www.grandviewresearch.com\/compass?utm_source=abnewswire.com&amp;utm_medium=referral&amp;utm_campaign=abn_LeatherGoodsMarket_GrandCompass_12Mar&amp;utm_content=content\" target=\"_blank\">Grand View Compass<\/a>, by Grand View Research, Inc.<\/strong><\/p>\n<p><strong>About Grand View Research<\/strong><\/p>\n<p>Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.<\/p>\n<p><strong>For more information: <a href=\"https:\/\/www.grandviewresearch.com\" target=\"_blank\">www.grandviewresearch.com<\/a><\/strong><\/p>\n<\/div>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/grandviewresearch.com\/industry-analysis\/leather-goods-market_9886.html\" rel=\"nofollow\">Grand View Research, Inc.<\/a><br \/><strong>Contact Person:<\/strong> Sherry James, Corporate Sales Specialist &#8211; U.S.A.<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=leather-goods-market-estimated-to-register-a-highest-cagr-of-54-from-2018-to-2025-grand-view-research-inc\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> 1-415-349-0058, Toll Free: 1-888-202-9519<br \/><strong>Address:<\/strong>201, Spear Street, 1100  <br \/><strong>City:<\/strong> San Francisco<br \/><strong>State:<\/strong> California<br \/><strong>Country:<\/strong> Switzerland<br \/><strong>Website:<\/strong> <a href=\"http:\/\/www.grandviewresearch.com\/industry-analysis\/leather-goods-market\" target=\"_blank\" rel=\"nofollow\">www.grandviewresearch.com\/industry-analysis\/leather-goods-market<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=leather-goods-market-estimated-to-register-a-highest-cagr-of-54-from-2018-to-2025-grand-view-research-inc\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Grand View Research, Inc. &#8211; Market Research And Consulting.&#8221; According to report published by Grand View Research, The leather goods market growth is mainly driven by growing disposable income, improved living standards, changing fashion trends, and growing domestic and international &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/leather-goods-market-estimated-to-register-a-highest-cagr-of-54-from-2018-to-2025-grand-view-research-inc_341280.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401],"tags":[],"class_list":["post-341280","post","type-post","status-publish","format-standard","hentry","category-Business"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/341280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=341280"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/341280\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=341280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=341280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=341280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}