Global industry analysts forecast the global leather goods market to reach $ 297.2 billion by 2026

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FACTS AT A GLANCE
Editing: 6; Posted: April 2021
Executive pool: 1792
Companies: 41 – Players covered include Adidas AG; Hermès International SA; Kering SA; LVMH Moët Hennessy – Louis Vuitton; Nike, Inc .; VF Corporation et al.
Blanket: All major geographies and key segments
Segments: Segment (shoes, luggage, bags, wallets and handbags, other segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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ABSTRACT-

Global leather goods market to reach $ 297.2 billion by 2026
In the midst of the COVID-19 crisis, the global leather goods market is estimated at US $ 241.3 billion in 2020, is expected to reach a revised size of US $ 297.2 billion by 2026, with a CAGR of 3.5% over the analysis period. Footwear, one of the segments analyzed in the report, is expected to register a CAGR of 3.6% and reach 106 billion dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Baggage segment is readjusted to a revised CAGR of 3% for the next 7 year period.

The US market is estimated at $ 67.1 billion in 2021, when China is expected to reach $ 60.4 billion by 2026
The leather goods market in the United States is estimated at US $ 67.1 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 60.4 billion by 2026, with a CAGR of 6.3% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 1% and 2.6% respectively over the analysis period. In Europe, Germany is expected to grow at around 1.7% CAGR.

Bag segment to reach 58 billion US dollars by 2026
In the global Bags segment, United States, Canada, Japan, China and Europe will lead to the estimated 3.4% CAGR for this segment. These regional markets representing a combined market size of US $ 34.5 billion in 2020 will reach a projected size of US $ 43.7 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following

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About Global Industry Analysts, Inc. and StrategyR â„¢
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.

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Phone: 1-408-528-9966
www.StrategyR.com
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