India Leather Goods Market Size & Outlook, 2023-2030
India leather goods market, 2018-2030 (US$M)
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India leather goods market highlights
- The India leather goods market generated a revenue of USD 15,133.9 million in 2023 and is expected to reach USD 25,481.6 million by 2030.
- The India market is expected to grow at a CAGR of 7.7% 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.
Leather goods market data book summary
| Market revenue in 2023 | USD 15,133.9 million |
| Market revenue in 2030 | USD 25,481.6 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Genuine leather |
| Fastest growing segment | Vegan Leather |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 6.0% of the global leather goods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China leather goods market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 47,804.5 million by 2030.
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Leather Goods Market Scope
Leather Goods Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 58.13% in 2023. Horizon Databook has segmented the India leather goods market based on genuine leather, synthetic leather, vegan leather covering the revenue growth of each sub-segment from 2018 to 2030.
The leather goods market in India is renowned for its consistency in high export earnings and is among the Asia Pacific’s prominent foreign export earners. The country’s major leather production centers are located in the states of West Bengal (Kolkata), Maharashtra (Mumbai), Uttar Pradesh (Kanpur), Karnataka (Bengaluru), Madhya Pradesh (Dewas).
New players entering the leather goods market in India are expected to focus on the aesthetics and design of products while enhancing their functionality and utility. In this respect, leather items with fresh colors, embossed textures, clean cuts, and unique color hand-padding options are likely to gain traction in the foreseeable future.
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Our clientele includes a mix of leather goods market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India leather goods market , including forecasts for subscribers. This country databook contains high-level insights into India leather goods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India leather goods market size, by type, 2018-2030 (US$M)
India Leather Goods Market Outlook Share, 2023 & 2030 (US$M)
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