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Europe Leather Goods Market 2019 – Growth Analysis by Industry Size, Share, Latest Updates, Opportunities, Investment Cost and Forecast to 2024

Europe

The “Europe Leather Goods Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Europe Leather Goods market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Europe Leather Goods market is provided in detail in the report.

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Europe Leather Goods Market Covers Key Players:

  • Adidas AG
  • Kering SA
  • LVMH
  • Ralph Lauren Corporation
  • Michael Kors Holdings Ltd
  • Hermes International SA
  • Prada SpA
  • Chanel SA

    Market Overview:

  • The European leather goods market is expected to reach USD 67.74 billion by 2024, registering at a CAGR of 2.86% during the forecast period (2019 – 2024).
  • – Innovations in design and the use of exotic leather to manufacture products have enabled manufacturers to cater to the demand for high-end and premium customers. Additionally, key market players are focused on designing personalized and customized leather goods for attracting consumers to spend more on exclusive products.
  • – The rising demand for eco leather products is expected to contribute to the market growth during the forecast period. For instance: Natureally, a UK-based vendor, uses only certified leather from selected British farms. The leather is chrome-free, environment-friendly, and free of harmful substances (with German certification from TUV Rheinla

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Europe Leather Goods Market opportunities and recommendations for new investments

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    Scope of the Report:

  • The report analyses the recent trends, drivers, and challenges affecting the market. Opportunities pertaining to the market has also been taken into consideration. The market has been segmented by type, distribution channel, and geography. By type, the market is segmented into footwear, luggage, and accessories. By distribution channel, the market is segmented into offline and online retail stores. It also provides regional analysis of the leather goods market in the emerging and established countries of Europe.

    Key Market Trends:

    The Fashion Industry is Leading the Leather Market

    The increased number of working professionals and young millennials is majorly driving the leather shoes market in the European region. Majorly driven by the fashion industry, the European countries, such as Italy and France, are witnessing an extensive dependency on leather goods, right from production to trading, including footwear. In addition, the European Commission published a study, which stated that the leather footwear segment accounts for the major production share, of 41%, in the leather industry. The thriving fashion industry has majorly uplifted the demand for leather handbags and wallets among the consumers, thereby driving the accessories market in the region. As a result, leather handbags hold the major market share in the accessories segment. Europe-based companies, such as Gucci, Gianni Versace, and Louis Vuitton, are the key players involved in the manufacturing of leather-based luxury goods.

    Offline Stores Remain the Most Preferred Points of Sale

    Due to the existing consumers’ perception on the touch and feel of leather products, offline stores remained the most preferred points of sale in the European region. This has led key players in the market to expand their presence with exclusive stores. For instance, Louis Vuitton recently launched its third showroom in Rome, Italy, to increase its sale in the capital. Moreover, the companies are launching duty-free outlets in airports, in order to boost their reach toward international customers. As a result of an increased number of outlets across the region, the consumption of leather goods has increased simultaneously, and is projected to rise in the coming years. However, the increasing social media impact from Instagram and Twitter is significantly driving consumers to opt for online market. Since majority of the potential customers are engaged in social media platforms, manufacturers are targeting these websites as a promising source of advertisements and shopping. Additionally, the influence from brand ambassadors and celebrities is increasingly impacting the product sales.

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    Detailed TOC of Europe Leather Goods Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY
    3.1 Market Overview

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter’s Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Type
    5.1.1 Footwear
    5.1.2 Luggage
    5.1.3 Accessories
    5.2 Distribution Channel
    5.2.1 Offline Retail Stores
    5.2.2 Online Retail Stores
    5.3 Geography
    5.3.1 Europe
    5.3.1.1 Germany
    5.3.1.2 United Kingdom
    5.3.1.3 Italy
    5.3.1.4 Spain
    5.3.1.5 Russia
    5.3.1.6 France
    5.3.1.7 Rest of Europe

    6 COMPETITIVE LANDSCAPE
    6.1 Most Active Companies
    6.2 Most Adopted Strategies
    6.3 Company Profiles
    6.3.1 Adidas AG
    6.3.2 Kering SA
    6.3.3 LVMH
    6.3.4 Ralph Lauren Corporation
    6.3.5 Michael Kors Holdings Ltd
    6.3.6 Hermes International SA
    6.3.7 Prada SpA
    6.3.8 Chanel SA

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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