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Global Leather Goods Market 2018-2022| Technological Advances in Manufacture of Leather Goods to Boost Growth| Technavio

July 12, 2018

Technavio has published a new market research report on the global leather goods market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Jul 12, 2018--The global leather goods market is expected to post a CAGR of close to 5% during the period 2018-2022, according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global leather goods market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the perception of luxury associated with leather goods. Leather has been considered and promoted as a luxury product for quite a long time now. Additionally, as leather offers a premium feel that is not provided by synthetic products, it has become aesthetically appealing to several customers. The high durability of leather also attracts customers as they prefer goods that offer value for the money spent. Innovations in design and use of exotic leather to manufacture products have enabled manufacturers to cater to the demand of high-end and premium customers. In addition, key competitors are designing personalized and customized leather goods to attract customers.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

THIS REPORT IS AVAILABLE AT A USD 1,000 DISCOUNT FOR A LIMITED TIME ONLY:

In this report, Technavio highlights the technological advances in the manufacturing process as one of the key emerging trends in the global leather goods market:

Global leather goods market: Technological advances in the manufacturing process

Key players in the industry are coming up with several technologies to enhance the properties of leather goods. In addition to this, since transforming leather into finished goods involves many processes, manufacturers are trying to optimize the quality and yield at low costs while reducing environmental pollution. For instance, Florida-based Graphix on Finishes has launched 2D and 3D printing technology for enhancing leather. This leather is waterproof, fade-resistant, and highly durable. Similarly, LANXESS, a specialty chemicals company has developed LEVOTAN W, a functionalized silicone-containing microemulsion to produce waterproof leathers. Such developments are expected to boost the global leather goods market during the forecast period.

According to a senior analyst at Technavio for retail goods and services research , “Growing disposable incomes have led to an increase in demand for aesthetically appealing and durable leather goods. Innovations in design and the use of exotic leather are enabling manufacturers to cater to the demands of high-end and premium customers.”

Global leather goods market: Segmentation analysis

This market research report segments the global leather goods market by product (footwear, luggage, bags, wallets, and purses; and others) and geographical regions (the Americas, EMEA, and APAC).

The Americas led the market in 2017 with a market share of more than 38% of the market share, followed by APAC and EMEA respectively. The market share of APAC is expected to witness the maximum increase in its market share over the forecast period, while the Americas and EMEA will see a decrease in their market shares.

LOOKING FOR MORE INFORMATION ON THIS MARKET?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses 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 10,000 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.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180712005868/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: OTHER CONSUMER LUXURY ONLINE RETAIL RETAIL FASHION SPECIALTY OTHER RETAIL CONSUMER

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 07/12/2018 04:31 PM/DISC: 07/12/2018 04:31 PM

http://www.businesswire.com/news/home/20180712005868/en

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