Albany, NY -- (SBWIRE) -- 02/15/2017 -- Market research analyst predicts the leather goods industry to grow at a CAGR of around 4% during the forecast period. The rise in export of leather is the primary driver for the growth of this market. For instance, during 2014, the US exported hides, skins and semi-processed leather which generated a revenue of around USD 3 billion. China, Taiwan, Korea, Mexico, and the European countries were the biggest importers of leather products during 2014. Moreover, the growth of the global automobile industry is also fueling the demand for leather upholstery.

The growing demand for organic leather products is expected to contribute to the market growth during the forecast period. Conventional leather tanning has a disastrous effect on human health and also creates an ecological imbalance. Eco leather is organically tanned where the tanning process includes using plant tannins, vegetable tannins and smoke for the process. For instance, Natureally, a UK-based vendor, uses only certified leather from selected British farms. The leather is chrome-free, environmentally friendly and is certified free of harmful substances by the German certification body TUV Rheinland.

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The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Footwear
- Bags, wallets and purses
- Luggage

Geographical segmentation and analysis of the leather goods industry
- Americas
- APAC
- Europe
- MEA

The Americas accounted for 39% of the market share during 2014 and is predicted to retain its leadership until the end of 2019. The US is the market leader in this region followed by Canada. Product innovation and technological advancement are the primary growth drivers of this market.

Competitive landscape and key vendors - Hermes, Prada, Coach, Kering, Louis Vuitton
The leather goods industry is highly fragmented due to the presence of both top vendors and private players operating across the globe. The market is expected to be more competitive during the forecast period as a result of several product launches, price wars, mergers and acquisitions.

The leading vendors in the market are -
- LVMH
- Kering
- Coach
- Prada
- Hermes

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Key questions answered in the report include
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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