U.S. Leather and Fur Products Market Share, Size & Trends Analysis Report By Product (Women's Leather Handbags, Leather Luggage, Leather Personal Goods, Leather & Fur Apparel), And Segment Forecasts, 2018 - 2025

Industry Outlook

The U.S. leather and fur products market size was valued at USD 12.79 billion in 2016 and is expected to witness significant growth over the coming years. Increase in consumer spending across the country is anticipated to be one of the key trends driving the market over the forecast period. Availability of myriad products and shopping channels will further accelerate market growth.

The U.S. leather and fur products market is closely aligned with consumer spending of U.S. households. Owing to this, the market has been witnessing a slow yet steady increase in the overall revenue generated across various product segments.Recent changes in consumer shopping trends and increasing propensity toward buying high-end consumer goods are estimated to trigger the growth of the market.

The leather and fur products industry largely depends on the ability of marketers to promote the use of these products among the populace. In recent years, introduction of leather and fur products by numerous brands in the fashion industry has been a significant factor driving the market, especially since the overall market for fur and leather has encountered pitfalls in the past.

An important trend in the market is increasing adoption of the products even in areas with relatively warmer climates in the country. As the demand for flexible and lightweight products is growing at a rapid rate in the country, numerous innovations and technological can help in surging the demand for leather and products in the coming years.

Product Insights

Numerous products fall under the purview of leather and fur goods including carry cases, handbags, apparel, luggage, holsters, and belts. The women’s leather handbag segment held the largest share in the U.S. market in 2016, with a valuation of USD 1.60 billion. It is poised to maintain its dominance until 2025, rising at a CAGR of 5.7% during the forecast period.

Factors such as changing fashion trends among consumers, lower product life owing to wear and tear, and rapid prototyping and product development have been instrumental in propelling the growth of the segment. The leather personal goods segment is projected to witness impressive growth in the coming years and exhibit a CAGR of 6.3% over the forecast period. The segment comprises different products such as eyeglass cases, jewelry cases, personal electronics cases, toiletry cases, wallets, and watch straps.

U.S. Leather and Fur Products Market Share Insights

The market comprises numerous large and small players resulting in a highly fragmented market. The competition is high in the market with many small players catering to niche product segments or regional market spaces. In 2016, major players such as LVMH Moet Hennessy Louis Vuitton S.E., Samsonite International SA, and Coach Inc. dominated the U.S. market for leather and fur products. These have multiple brands under their name that are available across various regions.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth for the U.S. and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the U.S. leather and fur products market report based on products:

• Product Outlook (Revenue, USD Billion,2014 - 2025)

  • Leather Luggage

  • Non-leather Luggage

  • Women’s Leather Handbags

  • Non-leather Women’s Non-leather Handbags

  • Leather Personal Goods

  • Leather & Fur Apparel

  • Other Products