Asia Pacific Leather Goods Market Size & Outlook
Asia Pacific leather goods market, 2018-2030 (US$M)
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Asia Pacific leather goods market highlights
- The Asia Pacific leather goods market generated a revenue of USD 91,840.7 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, genuine leather was the largest revenue generating type in 2023.
- Vegan Leather is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 91,840.7 million |
| Market revenue in 2030 | USD 151,856.8 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Genuine leather |
| Fastest growing segment | Vegan Leather |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genuine Leather, Synthetic Leather, Vegan Leather |
| Key market players worldwide | Adidas AG, Nike Inc Class B, Puma SE, MillerKnoll Inc, Samsonite International SA, VIP Industries, Timberland Bancorp Inc, Genesco Inc, Hermes International SA, Lvmh Moet Hennessy Louis Vuitton SE, VF Corp, Lear Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.2% of the global leather goods market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 151,856.8 million by 2030.
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Leather Goods Market Scope
Leather Goods Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific leather goods market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to leather goods market will help companies and investors design strategic landscapes.
Genuine leather was the largest segment with a revenue share of 57.07% in 2023. Horizon Databook has segmented the Asia Pacific leather goods market based on genuine leather, synthetic leather, vegan leather covering the revenue growth of each sub-segment from 2018 to 2030.
Led by countries such as China and India, the Asia Pacific leather goods market is driven by the increasing demand for premium and luxury products. Bangladesh and Pakistan are important sources for primary leather (raw material) in Asia.
According to Mohammed Nazmul Hassan, the Managing Director of Leatherex Footwear Industries Limited, 15 to 20 new leather products and footwear manufacturing plants open in Bangladesh every year.
Considerably low tariff rates on the exported leather products make Bangladesh an attractive market for foreign leather goods brands. An interesting trend that is emerging from the COVID-19 crisis is the shift in consumer preference toward less expensive and smaller leather products.
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Target buyers of Asia Pacific leather goods market databook
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Our clientele includes a mix of leather goods market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific leather goods market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific leather goods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific leather goods market size, by country, 2018-2030 (US$M)
Asia Pacific Leather Goods Market Outlook Share, 2023 & 2030 (US$M)
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