North America Leather Goods Market Size & Outlook
North America leather goods market, 2018-2030 (US$M)
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North America leather goods market highlights
- The North America leather goods market generated a revenue of USD 60,243.7 million in 2023.
- The market is expected to grow at a CAGR of 6.3% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 60,243.7 million |
| Market revenue in 2030 | USD 92,524.4 million |
| Growth rate | 6.3% (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, North America region accounted for 23.7% 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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North 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 53.3% in 2023. Horizon Databook has segmented the North America leather goods market based on genuine leather, synthetic leather, vegan leather covering the revenue growth of each sub-segment from 2018 to 2030.
The growing popularity of leather goods coupled with increasing online purchases in the region is expected to drive the North America leather goods market. Rising number of athletes in the region and the urge to stay active & fit among individuals are some of the key factors anticipated to fuel the market growth.
The U.S. was the largest market in the region in 2019, followed by Canada and Mexico. Leather goods in North America are mainly distributed through department stores, discount stores, factory outlets, and e-commerce platforms among other distribution channels.
The presence of major players such as Nike, Inc.; New Balance Athletics, Inc.; Knoll, Inc.; Timberland LLC; Johnston & Murphy; VF Corporation; and American Leather Holdings, LLC, among various other small & medium players, has intensified the competition among players and helped the region gain a significant market share.
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Target buyers of North America 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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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 continent-level data and insights on the North America leather goods market , including forecasts for subscribers. This continent databook contains high-level insights into North America leather goods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America leather goods market size, by country, 2018-2030 (US$M)
North America Leather Goods Market Outlook Share, 2023 & 2030 (US$M)
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