UK Leather Goods Market Size & Outlook, 2023-2030
UK leather goods market, 2018-2030 (US$M)
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UK leather goods market highlights
- The UK leather goods market generated a revenue of USD 10,567.1 million in 2023 and is expected to reach USD 17,431.4 million by 2030.
- The UK 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.
Leather goods market data book summary
| Market revenue in 2023 | USD 10,567.1 million |
| Market revenue in 2030 | USD 17,431.4 million |
| Growth rate | 7.4% (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, UK accounted for 4.2% 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 Europe, Italy leather goods market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 21,567.4 million by 2030.
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Leather Goods Market Scope
Leather Goods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 51.51% in 2023. Horizon Databook has segmented the UK leather goods market based on genuine leather, synthetic leather, vegan leather covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. is a highly developed and market-oriented economy. The demand for leather goods in the market is being driven by the increasing population of the country. The population under the age of 16 is declining while the population over the age of 65 is increasing in the country.
A large market exists for leather products for this consumer group. Consumers with an increasing disposable income are the major customers of leather goods.
Reasons to subscribe to UK leather goods market databook:
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Target buyers of UK 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 country-level data and insights on the UK leather goods market , including forecasts for subscribers. This country databook contains high-level insights into UK leather goods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK leather goods market size, by type, 2018-2030 (US$M)
UK Leather Goods Market Outlook Share, 2023 & 2030 (US$M)
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