Latin America Leather Goods Market Size & Outlook
Latin America leather goods market, 2018-2030 (US$M)
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Latin America leather goods market highlights
- The Latin America leather goods market generated a revenue of USD 7,603.0 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 7,603.0 million |
| Market revenue in 2030 | USD 10,983.0 million |
| Growth rate | 5.4% (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, Latin America region accounted for 3.0% 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 |
|---|
Latin America 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 60.49% in 2023. Horizon Databook has segmented the Latin America 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 Brazil and Argentina, the Central & South America leather goods market is driven by the rising popularity of premium leather products. Argentina has approximately 260 tanneries. Most of the leather production in Argentina is concentrated in the Province of Buenos Aires.
Relatively smaller leather goods brands and upcoming designers typically market their products through Buenos Aires' brick-and-mortar stores. Costa Rica and Guatemala are some other prominent markets for leather goods in Central & South America.
Various developments witnessed in recent years indicate the robust growth of the leather goods market in Costa Rica. For instance, in November 2017, the governments of Costa Rica and China entered an agreement for the export of Costa Rican sheep leather to the Chinese market.
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Our clientele includes a mix of leather goods market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America leather goods market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America leather goods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America leather goods market size, by country, 2018-2030 (US$M)
Latin America Leather Goods Market Outlook Share, 2023 & 2030 (US$M)
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