Market Forecast By Product Type (Footwear, Luggage, Wallets & Purses, Clothing and Apparel, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores) And Competitive Landscape
Product Code: ETC019469 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Kingdom (UK) Leather Goods market currently, in 2023, has witnessed an HHI of 1280, Which has increased slightly as compared to the HHI of 1004 in 2017. The market is moving towards highly 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.
Report Name | United Kingdom (UK) Leather goods Market |
Forecast period | 2025-2031 |
CAGR | 6.3% |
Growing Sector | Leather Goods |
The United Kingdom (UK) Leather Goods Market Report comprehensively covers the market by Product Type, and Distribution Channel. The report provides a profound and detailed analysis of the current market trends, opportunities/high growth areas, and market drivers which will aid stakeholders in devising and aligning their market strategies according to the present and future market dynamics.
The United Kingdom (UK) Leather Goods Market is anticipated to witness notable growth during the forecast period. This growth can be attributed to the increasing demand for luxury leather goods, growing disposable income, and changing consumer preferences towards sustainable and high-quality products.
According to 6Wresearch, the United Kingdom (UK) Leather Goods Market is expected to grow at a CAGR of 6.3% during 2025-2031. This growth can be attributed to the rising demand for luxury products, growing disposable income, and changing fashion trends. With a strong economy and increasing employment opportunities, consumers in the UK are willing to invest in high-quality leather goods, leading to a surge in market growth. Additionally, there is a growing trend towards sustainability and ethical production practices, which is further fueling the demand for premium leather goods in the country. Moreover, the automotive industry is also driving the demand for leather goods in the United Kingdom (UK). With an increase in car ownership and the trend of customization, there is a growing demand for leather interiors and accessories such as steering wheel covers and gear shift knobs.
Despite the promising growth prospects, the United Kingdom (UK) Leather Goods Market faces challenges. These include the rising cost of raw materials. The leather industry heavily relies on animal hides, which can be expensive and subject to supply chain disruptions. This leads to higher production costs and ultimately affects the final pricing of leather goods. Additionally, there are concerns over ethical sourcing and production practices in this industry, with consumers becoming more conscious about the environmental impact of their purchases.
Key players in the United Kingdom (UK) Leather Goods Market include international brands like Louis Vuitton, Hermès International S.A., Gucci, Prada S.p.A., Salvatore Ferragamo S.p.A., and Hermes Product & Services Inc. These companies are investing heavily in R&D to create innovative and stylish products to expand their market presence. Currently, Louis Vuitton holds the largest share in the market.
The leather goods industry in the United Kingdom (UK) is subject to various regulations and guidelines set by the government. These include environmental regulations related to the sourcing and production of leather, labour laws for ethical working conditions, and consumer protection laws for product safety. The European Union has also implemented strict regulations regarding the use of certain chemicals in leather production, ensuring that products are safe for consumers and the environment. In addition to these regulations, there are also trade agreements between the UK and other countries that impact the leather goods market.
The United Kingdom (UK) Leather Goods Market is expected to continue its growth trajectory in the coming years, driven by factors such as rising disposable income, changing consumer preferences, and government support. The rise in demand for sustainable and ethically-produced leather goods is expected to drive innovation and investment in this industry. In addition, the growing popularity of customization and personalization in consumer products presents an avenue for companies to offer unique and bespoke leather goods. Moreover, advancements in technology such as 3D printing and digital design tools are also expected to impact the market, making it easier for businesses to create customised and high-quality leather goods at a faster pace.
According to Dhaval, Research Manager, 6Wresearch, Footwear holds the dominant market share due to their wide applications and convenience.
Online Stores are expected to hold the dominant share due to the increasing trend of online shopping and the convenience it offers to consumers.
The report offers a comprehensive study of the subsequent market segments
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 United Kingdom (UK) Leather goods Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Leather goods Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Leather goods Market - Industry Life Cycle |
3.4 United Kingdom (UK) Leather goods Market - Porter's Five Forces |
3.5 United Kingdom (UK) Leather goods Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 United Kingdom (UK) Leather goods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 United Kingdom (UK) Leather goods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Kingdom (UK) Leather goods Market Trends |
6 United Kingdom (UK) Leather goods Market, By Types |
6.1 United Kingdom (UK) Leather goods Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Leather goods Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 United Kingdom (UK) Leather goods Market Revenues & Volume, By Footwear, 2021-2031F |
6.1.4 United Kingdom (UK) Leather goods Market Revenues & Volume, By Luggage, 2021-2031F |
6.1.5 United Kingdom (UK) Leather goods Market Revenues & Volume, By Wallets & Purses, 2021-2031F |
6.1.6 United Kingdom (UK) Leather goods Market Revenues & Volume, By Clothing and Apparel, 2021-2031F |
6.1.7 United Kingdom (UK) Leather goods Market Revenues & Volume, By Others, 2021-2031F |
6.2 United Kingdom (UK) Leather goods Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Leather goods Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.2.3 United Kingdom (UK) Leather goods Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 United Kingdom (UK) Leather goods Market Revenues & Volume, By Online Stores, 2021-2031F |
7 United Kingdom (UK) Leather goods Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Leather goods Market Export to Major Countries |
7.2 United Kingdom (UK) Leather goods Market Imports from Major Countries |
8 United Kingdom (UK) Leather goods Market Key Performance Indicators |
9 United Kingdom (UK) Leather goods Market - Opportunity Assessment |
9.1 United Kingdom (UK) Leather goods Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 United Kingdom (UK) Leather goods Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 United Kingdom (UK) Leather goods Market - Competitive Landscape |
10.1 United Kingdom (UK) Leather goods Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Leather goods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |