Leather Goods Top Companies-Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Date : November 2024

Leather Goods Market Size Analysis and Top Companies

The global leather goods market size is estimated at to hit around USD 789.05 billion by 2033 from USD 471.02 billion in 2024 with a CAGR of 5.9% from 2024 to 2033. The top companies operating in the leather goods market are Adidas AG, Nike, Inc., Puma SE, Fila, Inc., New Balance Athletics, Inc., Knoll, Inc., Samsonite International S.A., VIP Industries Ltd., Timberland LLC, Johnston & Murphy, Woodland Worldwide, Hermès International S.A., Louis Vuitton Malletier, VF Corp., COLLAR Company, LUCRIN Geneva, Nappa Dori, Saddles India Pvt. Ltd., Lear Corp. and Others.

Leather Goods Market Scope 

Report Coverage Details
Market Size in 2023 USD 444.78 Billion
Market Size in 2024 USD 471.02 Billion
Market Size by 2033 USD 789.05 Billion
Growth Rate from 2024 to 2033 CAGR of 5.9%
Largest Market  North America
Fastest Growing Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Type and By Product
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Leather Goods Market Companies

  • Adidas AG
  • Nike, Inc.
  • Puma SE
  • Fila, Inc.
  • New Balance Athletics, Inc.
  • Knoll, Inc.
  • Samsonite International S.A.
  • VIP Industries Ltd.
  • Timberland LLC
  • Johnston & Murphy
  • Woodland Worldwide
  • Hermès International S.A.
  • Louis Vuitton Malletier
  • VF Corp.
  • COLLAR Company
  • LUCRIN Geneva
  • Nappa Dori
  • Saddles India Pvt. Ltd.
  • Lear Corp.

Recent Developments

  • Vegan leather was used for the manufacturing of sneakers by Nike Inc. and in 2021, this product was launched. SB Dunk Sneakers are cruelty-free, and they were introduced as a part of the zero-waste initiative taken by Nike.
  • Three Xetic sneakers were introduced by Puma in 2020 and this is the first of its kind sneakers available in Porsche design. The collection comprises performance wear and casual wear sneakers. The material used for the manufacturing of these sneakers is recycled mesh material and chrome-free leather.
  • In 2021, mushroom leather was used by Adidas to launch trainers as a part of the sustainability drive incorporated by this company. Adidas has collaborated with Stella McCartney and lululemon to make vegan leather that is plant-based for its use in the manufacturing of trainers.

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