Market Forecast By Type (Luggage, Footwear, Accessories), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC015981 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | US Leather Market |
Forecast period | 2025-2031 |
CAGR | 11.9% |
Growing Sector | Automotive |
The US Leather market report thoroughly covers the market by type, by distribution channel and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The US leather market holds a significant position within the broader textile and fashion industry, encompassing a diverse range of applications, from apparel and accessories to upholstery and automotive interiors. Renowned for its durability, versatility, and timeless appeal, leather remains a coveted material that transcends fashion trends. In addition, the market is characterized by a variety of leather types, including cowhide, sheepskin, and exotic leathers, each offering distinct textures and characteristics. As consumer preferences continue to evolve, the US leather market adapts to trends in ethical fashion, craftsmanship, and innovative leather applications, maintaining its integral role in the global textile and fashion landscape. Further, the market is undergoing transformative trends that reflect changing consumer preferences, sustainability considerations, and innovations in leather applications. A notable trend is the increasing demand for sustainable and ethically sourced leather products, driven by a growing awareness of environmental and ethical issues in the fashion industry. In addition, leather alternatives, such as plant-based and lab-grown materials, are gaining traction as consumers seek cruelty-free and eco-friendly options. However, Further, the US leather industry faces a spectrum of challenges that reflect the complexities within the textile and fashion industry. One significant hurdle is the environmental impact associated with traditional leather tanning processes, prompting the industry to seek more sustainable alternatives. Additionally, the growing demand for ethical and cruelty-free products poses challenges for conventional leather producers, encouraging the exploration of innovative and eco-friendly materials.
According to 6Wresearch, US Leather market size is projected to grow at a CAGR of 11.9% during 2025-2031. The US leather market is fueled by several key growth drivers that underscore the enduring appeal and versatility of leather across various industries. A primary catalyst is the strong demand for leather products in the fashion and luxury sectors, where leather goods continue to represent a symbol of craftsmanship, durability, and style. In addition, the automotive industry contributes significantly to the market, with the use of leather in car interiors, driving seats, and accessories. The demand for premium and customized leather products, including high-end footwear, handbags, and accessories, continues to grow as consumers seek unique and quality items. Additionally, the emphasis on sustainability in the leather industry, marked by the adoption of eco-friendly tanning methods and responsible sourcing, aligns with the preferences of environmentally conscious consumers. Moreover, the versatility of leather in applications such as furniture, upholstery, and interior design further expands its market reach. As the US leather market adapts to changing consumer preferences and sustainability considerations, these growth drivers position it as a resilient and dynamic force in the global leather industry.
Government initiatives play a role in shaping the US leather market, particularly in the context of environmental regulations and sustainability efforts. Regulatory bodies are increasingly focusing on promoting eco-friendly practices within the leather industry, encouraging the adoption of cleaner and more sustainable tanning processes. Environmental agencies may provide guidelines and support for implementing responsible waste disposal and reducing the environmental impact of leather production. These agendas have increased the US Leather Market Share. Additionally, trade policies and regulations may influence the import and export of leather goods, impacting market dynamics. Government support for research and development in sustainable leather technologies also contributes to shaping the industry's future. As the leather market aligns with broader sustainability goals, government initiatives play a pivotal role in influencing practices, ensuring compliance, and fostering innovation within the US leather industry.
The US leather market is characterized by the influence of key players who significantly contribute to the industry's vibrancy and innovation. Hermès International S.A. stands out as a major player, renowned for its high-end leather goods, including luxury handbags and accessories. Coach, Inc. is a prominent contributor, offering a wide range of leather products, from handbags to footwear, under its globally recognized brand. Tandy Leather Factory, Inc. plays a crucial role in the market, providing leather crafting materials and tools to both professionals and hobbyists. Wolverine World Wide, Inc. is noteworthy, with its portfolio encompassing popular footwear brands that often feature leather components. These companies hold enormous US Leather Market Revenues. Additionally, JBS USA Holdings, Inc. represents a major player in the leather industry, involved in leather production for various applications, including automotive and furniture. These key players collectively shape the US leather market, influencing trends, setting standards for craftsmanship, and contributing to the enduring popularity of leather in diverse consumer segments.
The future of the US leather market holds promising prospects marked by a blend of tradition and innovation, responding to evolving consumer preferences and sustainability imperatives. In addition, anticipated trends include a continued emphasis on sustainable practices, with increased adoption of eco-friendly tanning methods and a focus on responsible sourcing to meet the demands of environmentally conscious consumers. Additionally, customization and personalization are expected to gain prominence, driven by consumers seeking unique and bespoke leather products. Moreover, the intersection of technology and leather craftsmanship may lead to innovative applications, such as smart leather materials and digital tools for crafting. As the industry navigates these trends, the US leather market is poised to maintain its relevance, offering timeless and versatile products while embracing sustainability and technological advancements in a manner that resonates with the changing dynamics of the global fashion and consumer goods landscape.
According to Ravi Bhandari, Research Head, 6Wresearch, one of the most popular uses of leather in the US is in the luggage industry. High-quality leather makes sturdy and aesthetic suitcases, briefcases, travel bags, and backpacks that combine fashion and functionality. Luggage leather is typically thicker and more durable to withstand the wear and tear that comes with travel. The leather is often treated with water-resistant finishes to protect the contents from getting wet. Additionally, Americans love leather shoes, boots, and sandals that are both stylish and comfortable. Footwear leather usually requires a lighter tanning process, resulting in softer leather that is more pliable and comfortable to wear. The quality of the leather determines the durability of the footwear. Leather shoes that are made from full-grain leather, for instance, are more durable than those made from corrected-grain leather. Leather shoes are also available in a range of finishes, including suede, patent leather, and polished leather that appeals to different styles and tastes.
Over the years, the leather market has undergone significant changes. Today, there is an increased competition among manufacturers and marketers, as well as a growing awareness among consumers about ethical and eco-friendly products. This has led to a shift in trends, and many manufacturers are opting for direct-to-consumer models to offer high-quality goods to consumers while keeping costs down. Moreover, the advent of e-commerce has revolutionized how consumers buy and sell goods and services. Leather goods are no different, and today, there is a growing demand for online leather products. Online distribution channels like e-commerce websites, online marketplaces like Amazon, Etsy, and Shopify, and social media platforms such as Facebook and Instagram provide a limitless platform for leather products to reach a wider audience. Here, customers can buy leather products with just a few clicks on their preferred device. Online channels offer flexibility, convenience, and wider range choices for consumers.
The US Leather market report provides a detailed analysis of the following 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 US Leather Market Overview |
3.1 US Country Macro Economic Indicators |
3.2 US Leather Market Revenues & Volume, 2021 & 2031F |
3.3 US Leather Market - Industry Life Cycle |
3.4 US Leather Market - Porter's Five Forces |
3.5 US Leather Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 US Leather Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 US Leather Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 US Leather Market Trends |
6 US Leather Market, By Types |
6.1 US Leather Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 US Leather Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 US Leather Market Revenues & Volume, By Luggage, 2021 - 2031F |
6.1.4 US Leather Market Revenues & Volume, By Footwear, 2021 - 2031F |
6.1.5 US Leather Market Revenues & Volume, By Accessories, 2021 - 2031F |
6.2 US Leather Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 US Leather Market Revenues & Volume, By Online, 2021 - 2031F |
6.2.3 US Leather Market Revenues & Volume, By Offline, 2021 - 2031F |
7 US Leather Market Import-Export Trade Statistics |
7.1 US Leather Market Export to Major Countries |
7.2 US Leather Market Imports from Major Countries |
8 US Leather Market Key Performance Indicators |
9 US Leather Market - Opportunity Assessment |
9.1 US Leather Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 US Leather Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 US Leather Market - Competitive Landscape |
10.1 US Leather Market Revenue Share, By Companies, 2024 |
10.2 US Leather Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |