Product Code: ETC019489 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Leather Goods market currently, in 2023, has witnessed an HHI of 2011, Which has increased slightly as compared to the HHI of 1863 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines leather goods market is expected to register a CAGR of 4.9% during the forecast period of 2020-2026. The growing demand for high-end and stylish luxury items, coupled with rising disposable incomes, are major drivers impacting the growth of the market in the country. Moreover, an increasing trend in online shopping has also been observed by consumers due to easy accessibility as well as convenience provided by e-commerce platforms that have further aided in driving market growth over recent years. Additionally, favorable government initiatives such as tax exemption on imports and exports are projected to accelerate industry growth during this period
In line with changing lifestyles and consumer preferences towards luxurious products, there has been a significant increase in demand for designer leather goods across various end user industries including travel & luggage accessories, wallets & purses, men???s fashion accessories among others. This is further fueled by rising disposable income levels that enable customers to indulge into premium quality leather products which can be used for multiple purposes such as protection from rain or sunrays along with enhancing overall look and feeling of elegance when wearing them out
With rise in internet penetration leading to increased availability of smart devices such as laptops/smartphones coupled with increasing use applications like social media which have made it very convenient for shoppers to compare prices before making their purchase decisions thereby enabling them to save time while looking out for best deals available online is expected drive sales through e-commerce channels significantly over forthcoming years till 2026
High Cost Of Raw Materials Used For Manufacturing Leather Goods: Increased cost associated with production raw materials used while manufacturing items like bags or wallets made up from real leather might act as restraints towards limiting product sales especially amongst lower income groups since they may not able afford higher priced goods manufactured using genuine material hence opting instead cheaper substitutes available within same product segment offered at more competitive rates thereby hampering overall revenue generated from saleable units sold globally throughout forecast timeline till 2026 end year estimates
Some of the key players include Fossil Group Inc., Coach Inc., Prada SPA , Louis Vuitton SE , Gucci , MCM Worldwide LLC , Salvatore Ferragamo SPA (Gruppo Ferregamo) , Bally International AG (Bally AG)
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 Philippines Leather goods Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Leather goods Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Leather goods Market - Industry Life Cycle |
3.4 Philippines Leather goods Market - Porter's Five Forces |
3.5 Philippines Leather goods Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Philippines Leather goods Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Philippines Leather goods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Leather goods Market Trends |
6 Philippines Leather goods Market, By Types |
6.1 Philippines Leather goods Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Leather goods Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Philippines Leather goods Market Revenues & Volume, By Footwear, 2020-2030F |
6.1.4 Philippines Leather goods Market Revenues & Volume, By Luggage, 2020-2030F |
6.1.5 Philippines Leather goods Market Revenues & Volume, By Wallets & Purses, 2020-2030F |
6.1.6 Philippines Leather goods Market Revenues & Volume, By Clothing and Apparel, 2020-2030F |
6.1.7 Philippines Leather goods Market Revenues & Volume, By Others, 2020-2030F |
6.2 Philippines Leather goods Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Philippines Leather goods Market Revenues & Volume, By Supermarkets/Hypermarkets, 2020-2030F |
6.2.3 Philippines Leather goods Market Revenues & Volume, By Convenience Stores, 2020-2030F |
6.2.4 Philippines Leather goods Market Revenues & Volume, By Online Stores, 2020-2030F |
7 Philippines Leather goods Market Import-Export Trade Statistics |
7.1 Philippines Leather goods Market Export to Major Countries |
7.2 Philippines Leather goods Market Imports from Major Countries |
8 Philippines Leather goods Market Key Performance Indicators |
9 Philippines Leather goods Market - Opportunity Assessment |
9.1 Philippines Leather goods Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Philippines Leather goods Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Philippines Leather goods Market - Competitive Landscape |
10.1 Philippines Leather goods Market Revenue Share, By Companies, 2023 |
10.2 Philippines Leather goods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |