| Product Code: ETC419540 | Publication Date: Aug 2023 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India leather luggage and goods market import shipments demonstrated robust growth with a notable CAGR from 2020 to 2024. The growth rate between 2023 and 2024 surged significantly, indicating an accelerated expansion trend in recent years. The market exhibited strong momentum and a clear upward trajectory during the period analyzed.
The leather luggage and goods market in India reflects a blend of tradition and modernity. India has a rich heritage in leather craftsmanship, and this market offers a wide range of products, from handcrafted leather bags to modern travel luggage. While traditional craftsmanship remains a hallmark, there is a growing demand for contemporary and sustainable leather goods, catering to a diverse consumer base.
The India leather luggage and goods market are driven by the enduring appeal of leather products and increasing disposable incomes. Leather luggage, accessories, and apparel have a strong presence in the India fashion and lifestyle markets. The market`s growth is influenced by changing consumer preferences for high-quality and fashionable goods, as well as the expansion of retail and e-commerce channels. Environmental concerns related to leather production and government regulations for ethical sourcing and manufacturing also play a role in shaping market dynamics.
The India Leather Luggage and Goods market faces challenges in terms of competition from alternative materials, such as synthetic leather and eco-friendly options. Consumers are increasingly concerned about the ethical and environmental aspects of leather production. The market must address these concerns and adapt to changing consumer preferences. Quality control and ensuring consistent leather quality are also critical challenges, as leather products are often associated with durability and craftsmanship.
The India leather luggage and goods market faced challenges during the COVID-19 pandemic. Reduced travel and changes in consumer preferences impacted the market, with decreased demand for leather luggage and luxury goods. However, as travel restrictions eased and consumer spending patterns adjusted, the market showed signs of recovery, particularly in the luxury segment as people sought quality and durability in their purchases.
In the India Leather Luggage and Goods market, key players are instrumental in producing and supplying a wide range of leather luggage and goods, including bags, wallets, and accessories. Notable companies in this sector include VIP Industries, Safari Industries India, and Hidesign. These brands are renowned for their craftsmanship, quality, and design, offering a variety of leather products that cater to the fashion-conscious consumers in India and abroad.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Leather Luggage and Goods Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Leather Luggage and Goods Market Revenues & Volume, 2021 & 2031F |
3.3 India Leather Luggage and Goods Market - Industry Life Cycle |
3.4 India Leather Luggage and Goods Market - Porter's Five Forces |
3.5 India Leather Luggage and Goods Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Leather Luggage and Goods Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.7 India Leather Luggage and Goods Market Revenues & Volume Share, By Distribution Channels, 2021 & 2031F |
4 India Leather Luggage and Goods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income and changing lifestyle trends leading to higher demand for premium leather luggage and goods |
4.2.2 Growth in the travel and tourism industry in India driving the need for quality luggage and travel accessories |
4.2.3 Rising awareness about sustainable and eco-friendly products boosting the demand for genuine leather goods |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of leather goods |
4.3.2 Intense competition from synthetic materials and counterfeit products affecting the market share of genuine leather products |
4.3.3 Economic uncertainties and fluctuations in exchange rates affecting the pricing and demand for luxury leather goods |
5 India Leather Luggage and Goods Market Trends |
6 India Leather Luggage and Goods Market, By Types |
6.1 India Leather Luggage and Goods Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Leather Luggage and Goods Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Leather Luggage and Goods Market Revenues & Volume, By Leather Luggage, 2021-2031F |
6.1.4 India Leather Luggage and Goods Market Revenues & Volume, By Leather Goods, 2021-2031F |
6.2 India Leather Luggage and Goods Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 India Leather Luggage and Goods Market Revenues & Volume, By Men, 2021-2031F |
6.2.3 India Leather Luggage and Goods Market Revenues & Volume, By Women, 2021-2031F |
6.2.4 India Leather Luggage and Goods Market Revenues & Volume, By Children, 2021-2031F |
6.3 India Leather Luggage and Goods Market, By Distribution Channels |
6.3.1 Overview and Analysis |
6.3.2 India Leather Luggage and Goods Market Revenues & Volume, By Online stores, 2021-2031F |
6.3.3 India Leather Luggage and Goods Market Revenues & Volume, By Retail stores, 2021-2031F |
7 India Leather Luggage and Goods Market Import-Export Trade Statistics |
7.1 India Leather Luggage and Goods Market Export to Major Countries |
7.2 India Leather Luggage and Goods Market Imports from Major Countries |
8 India Leather Luggage and Goods Market Key Performance Indicators |
8.1 Consumer sentiment towards sustainable and eco-friendly products in the leather goods market |
8.2 Percentage of repeat customers indicating brand loyalty and customer satisfaction |
8.3 Average selling price of leather goods reflecting consumer willingness to pay for quality products |
8.4 Number of collaborations with fashion designers or influencers to drive brand visibility and desirability |
8.5 Percentage of revenue generated from new product launches showcasing innovation and market responsiveness |
9 India Leather Luggage and Goods Market - Opportunity Assessment |
9.1 India Leather Luggage and Goods Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Leather Luggage and Goods Market Opportunity Assessment, By Category, 2021 & 2031F |
9.3 India Leather Luggage and Goods Market Opportunity Assessment, By Distribution Channels, 2021 & 2031F |
10 India Leather Luggage and Goods Market - Competitive Landscape |
10.1 India Leather Luggage and Goods Market Revenue Share, By Companies, 2024 |
10.2 India Leather Luggage and Goods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |