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Leather Goods Market 2019-2023 | Product Premiumization Owing to Design and Material Innovation to Boost Growth | Technavio

February 25, 2020 GMT
Leather Goods Market 2019-2023 | Product Premiumization Owing to Design and Material Innovation to Boost Growth | Technavio
Leather Goods Market 2019-2023 | Product Premiumization Owing to Design and Material Innovation to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Feb 25, 2020--

Technavio has been monitoring the leather goods market, and it is poised to grow by USD 72.36 bn during 2019-2023, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Leather Goods Market 2019-2023 (Graphic: Business Wire)

Product premiumization owing to the design and material innovation has been instrumental in driving the growth of the market. However, fluctuating operational costs might hamper the market growth. Request a free sample report

Leather Goods Market 2019-2023: Segmentation

Leather Goods Market is segmented as below:

Distribution channel

  • Offline
  • Online

Product

  • Footwear
  • Luggage, Bags, Wallets, and Purses
  • Others

Geographic segmentation

  • North America
  • APAC
  • Europe
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR32122

Leather Goods Market 2019-2023: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our leather goods market report covers the following areas:

  • Leather Goods Market size
  • Leather Goods Market trends
  • Leather Goods Market industry analysis

This study identifies an increase in demand for luxury handbags made of eco-friendly materials as one of the prime reasons driving the leather goods market growth during the next few years.

Leather Goods Market 2019-2023: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the leather goods market, including some of the vendors such as adidas AG, Capri Holdings Ltd., Compagnie Financière Richemont SA, Hermès, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Nike Inc., PRADA Spa, Tapestry Inc., and VF Corp. Backed with competitive intelligence and benchmarking, our research reports on the leather goods market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Leather Goods Market 2019-2023: Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will assist leather goods market growth during the next five years
  • Estimation of the leather goods market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the leather goods market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of leather goods market vendors

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200225005445/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: FASHION ONLINE RETAIL RETAIL LUXURY HOME GOODS MANUFACTURING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 02/25/2020 08:30 AM/DISC: 02/25/2020 08:30 AM

http://www.businesswire.com/news/home/20200225005445/en