Middle East & Africa Leather Goods Market Size & Outlook
Middle East & Africa leather goods market, 2018-2030 (US$M)
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MEA leather goods market highlights
- The MEA leather goods market generated a revenue of USD 13,012.5 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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.
MEA data book summary
| Market revenue in 2023 | USD 13,012.5 million |
| Market revenue in 2030 | USD 19,437.0 million |
| Growth rate | 5.9% (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, MEA region accounted for 5.1% 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 |
|---|
Middle East & Africa 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 59.08% in 2023. Horizon Databook has segmented the Middle East & Africa leather goods market based on genuine leather, synthetic leather, vegan leather covering the revenue growth of each sub-segment from 2018 to 2030.
The influx of leather trade in the past decade, paired with persistent consumer spending on luxury leather items, presents an ideal backdrop for internationally renowned leather goods brands and tanners to exploit the lucrative opportunities within the Middle East & Africa leather goods market in the foreseeable future.
UAE and Saudi Arabia are among the major markets for leather goods in the Middle East & Africa. Abu Dhabi, the capital of UAE, is home to the world’s most advanced tanneries and is known for its production of high-quality leather goods.
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Target buyers of Middle East & Africa 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 Middle East & Africa leather goods market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa leather goods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Leather Goods Market Outlook Share, 2023 & 2030 (US$M)
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