Based on a comprehensive analysis of global sales of leather bags in 2020, the report assesses the key factors influencing the growth of the industry in terms of competitive dynamics and geographical reach. The report provides a detailed analysis of market trends, market size, growth rate and future prospects for the leather bag industry. This report also examined and analysed the growth of various segments and sub-segments in terms of market share, turnover, volume and market growth, as well as the impact of various factors such as geography, technology, pricing and other key factors on economic growth. It also examines the most important trends and trends in various segments of the global leather bag market and their impact on market development and growth rates.
According to the report, worldwide sales of leather bags will account for more than 50% of the global leather bag market by 2020.
In this report we analyse the current trends that are likely to influence the growth of the leather bag market on the world market over the next five years. The Global Leather Goods Market Report provides a detailed analysis of the global leather bag market by product type, product type and region. We explain regional growth and give an overview of market size, growth rate and market share of the various segments and regions.
Based on the global leather bag market by product type, product type and region, we base our analysis on market size, growth rate and market share of each segment based on factors such as market growth, demand, supply, trends and competitive landscape.
In terms of the market share of leather bags, this region will hold the largest share of the global leather bag market in 2020. Poland is considered an export country as it is currently the fastest growing importer of leather bags to developing countries, including the leather accessories segment.
The global luxury bags market is forecast to exceed $34 billion by 2020 and grow by 8% over the forecast period. The leather goods market is also expected to grow by 6.2% over the forecast period from 2020 to 2024. The leather bag market is expected to grow at a significant pace over the forecast period from 2020 to 2025. The global market size will reach $1 million by 2020, with a 6.2% growth rate from 2020 to 2025.
The leather luggage market is expected to reach $94.7 billion by 2025, representing a CAGR of 5% over the forecast period from 2015 to 2020. The global leather goods market is expected to grow at a significant pace over the forecast period from 2020 to 2025. It is projected to grow at an annual rate of 6.2% from 2020 to 2024, with the global leather goods market growing by 6.5% and the leather goods market byb The leather goods market: The leather goods markets are expected to grow at significant rates over the forecast periods 2014 - 2020, 2015 - 2016, 2017 - 2018, 2018 - 2019, 2019 - 2022 and 2023 - 25.
Speaking of account geography, the global luxury bag market will be the largest in Europe from 2019 and will remain a large market over the forecast period. In 2014, the Asia-Pacific region generated the second largest share of the global leather luggage market after Europe.
In 2018, the value of leather accessories imports amounted to 2.2 billion euros, compared to 1.5 billion euros in 2017, and amounted to the first time in the history of the global leather luggage market. In 2019, it will total 3.4 billion euros and, according to World Trade Organisation (WTO) estimates, increase by 2.7% over the forecast period from 2019 to 2020. And in 2018 and 2019, they will amount to 4.6 billion euros (+ 2%) and 3.1% growth respectively.
The global leather luggage market is expected to grow moderately over the forecast period. Demand for leather accessories is expected to continue to grow at a high pace in the coming years, with consumers continuing to demand travel bags, travel accessories and other leather goods. For the next five years, our publisher expects the global leather market to maintain its annual growth rate of 3.5%.