DUBLIN, Jan. 26, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/fdgwfw/global_leather) has announced the addition of the "Global Leather Goods Industry 2015-2019" report to their offering.
The leather goods industry to grow at a CAGR of around 4% during the forecast period. The rise in export of leather is the primary driver for the growth of this market. For instance, during 2014, the US exported hides, skins and semi-processed leather which generated a revenue of around USD 3 billion. China, Taiwan, Korea, Mexico, and the European countries were the biggest importers of leather products during 2014. Moreover, the growth of the global automobile industry is also fueling the demand for leather upholstery.
The growing demand for organic leather products is expected to contribute to the market growth during the forecast period. Conventional leather tanning has a disastrous effect on human health and also creates an ecological imbalance. Eco leather is organically tanned where the tanning process includes using plant tannins, vegetable tannins and smoke for the process. For instance, Natureally, a UK-based vendor, uses only certified leather from selected British farms. The leather is chrome-free, environmentally friendly and is certified free of harmful substances by the German certification body TUV Rheinland.
The Americas accounted for 39% of the market share during 2014 and is predicted to retain its leadership until the end of 2019. The US is the market leader in this region followed by Canada. Product innovation and technological advancement are the primary growth drivers of this market.
The leather goods industry is highly fragmented due to the presence of both top vendors and private players operating across the globe. The market is expected to be more competitive during the forecast period as a result of several product launches, price wars, mergers and acquisitions.
The leading vendors in the market are
- LVMH
- Kering
- Coach
- Prada
- Hermes
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information visit http://www.researchandmarkets.com/research/fdgwfw/global_leather
Media Contact:
Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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