The U.S. leather goods market size was exhibited at USD 50.85 billion in 2023 and is projected to hit around USD 97.26 billion by 2033, growing at a CAGR of 6.7% during the forecast period 2024 to 2033.
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| Report Coverage | Details |
| Market Size in 2024 | USD 54.26 Billion |
| Market Size by 2033 | USD 97.26 Billion |
| Growth Rate From 2024 to 2033 | CAGR of 6.7% |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Segments Covered | Type, Type By Product, Product |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Country scope | U.S. |
| Key Companies Profiled | Adidas AG; Nike, Inc.; Puma SE; Fila, Inc.; New Balance Athletics, Inc.; Knoll, Inc.; Samsonite International S.A.; VIP Industries Ltd.; Timberland LLC; Johnston & Murphy; |
The market is primarily driven by surging disposable income of consumers, enhanced lifestyle standards, evolving fashion trends, and increasing domestic and international tourism. The growing demand for trendy, comfortable, and fancy leather clothes, footwear, as well as accessories, coupled with increasing brand awareness, is predicted to have a positive influence on the U.S. leather goods market.
The U.S. market accounted for a share of nearly 20% of the global leather goods market in 2023. Designers across the globe display novel fashion clothing through mediums such as fashion shows & events, thus enticing more customers towards leather clothing. Several design methods, such as Lamé, brocade, and applique, are broadly utilized on leather apparel and other stylish dresses. For instance, in September 2020, the Forever Leather Fashion show was organized in Shanghai, China. The show exhibited a variety of leather products, comprising a series of travel bags, cross-stitched trench coats, modern-style jackets, duffel bags, leather sneakers, and ankle boots. Such events help bring leather buyers, manufacturers, and designers from various regions/areas, on a large scale.
An escalating number of High-Net-Worth Individuals (HNWIs), paired with the increasing trend of designer and branded clothes in prime markets, such as the U.S., is augmenting the demand for leather products. Leather goods are elite and often exclusively priced. The demand for leather products is substantially rising in China due to the surging number of HNWIs and Ultra-High Net Worth Individuals (UHNWIs) in the nation.
Increasing cognizance regarding the harmful impacts of immoral practices in the production of apparel and footwear has thrusted the demand for sustainable products. Ecological fashion is sturdily enticing consumers as various reputed designers have been endorsing the notion of sustainability and environmentally friendly products. For instance, designers, such as Stella McCartney, have been endorsing sustainable fashion products, comprising footwear, in affordable stores, such as Zara and Top Shop, which is expected to boost the market for U.S. leather goods during the forecast period.
Moreover, numerous top brands are enlarging their product portfolios under the men's segment as fashion awareness is noted to raise among men and women. The segment for affordable luxury brands is on a growing end, in addition to traditional luxury brands. Consequently, numerous startups have developed tailored luxurious products that cater to the requirements of customers.
The genuine leather goods led the market with a share of over 53% in 2023, followed by synthetic leather goods. Synthetic leather goods are less expensive than genuine leather products and are equally attractive in terms of design, which is driving their demand among consumers. Synthetic leather is primarily derived from artificial sources, such as Polyurethane (PU) and Polyvinyl Chloride (PVC). PU leather is considered to be more eco-friendly as compared to its vinyl-based counterpart, as it does not emit dioxins.
Vegan leather is projected to grow at the fastest CAGR of 8.3% from 2024 to 2033. The growth is attributed to the rising consciousness among people regarding animal cruelty. Various organizations such as PETA are actively endorsing the advantages of animal cruelty-free products and this is majorly affecting the market growth positively.
The leather footwear market accounted for a share of nearly 41% in 2023. Major players in the athletic footwear segment, such as Nike, New Balance, Adidas, Puma, Reebok, All birds, and Converse, have been venturing into leather athletic manufacturing, taking into consideration the increasing consumer demand for leather athletic footwear. For instance, in 2017, Nike, Inc. launched sneakers made from fly leather, a new material made by combining leftover leather scraps from tanneries and a polyester blend.
The leather automotive accessories market is projected to grow at a CAGR of 7.1% from 2024 to 2033. The increasing disposable incomes of consumers in the country and the resultant growth in sales of luxury cars and interior products are expected to drive the segment growth over the coming years.
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. leather goods market
Type
Type By Product
Product
Chapter 1. Methodology and Scope
1.1. Market Segmentation& Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Leather Goods Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations
Chapter 5. U.S. Leather Goods Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2024 & 2033
5.2. U.S. Leather Goods Market Estimates & Forecast, By Type, 2021 to 2033 (USD Billion)
5.2.1. Genuine Leather
5.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
5.2.2. Synthetic Leather
5.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
5.2.3. Vegan Leather
5.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
Chapter 6. U.S. Leather Goods Market: Type by Product Estimates & Trend Analysis
6.1. Type by Product Movement Analysis & Market Share, 2024 & 2033
6.2. U.S. Leather Goods Market Estimates & Forecast, By Type by Product, 2021 to 2033 (USD Billion)
6.2.1. Genuine Leather
6.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.1.2. Handbags
6.2.1.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.1.3. Small Leather Goods/Accessories
6.2.1.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.1.4. Apparel
6.2.1.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.1.5. Footwear
6.2.1.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.1.6. Home Décor and Furnishing
6.2.1.6.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.1.7. Pet Accessories
6.2.1.7.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.1.8. Automotive Accessories
6.2.1.8.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2. Synthetic Leather
6.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.2. Polyurethane Leather
6.2.2.2.1. Handbags
6.2.2.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.2.2. Small Leather Goods/Accessories
6.2.2.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.2.3. Apparel
6.2.2.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.2.4. Footwear
6.2.2.2.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.2.5. Home Décor and Furnishing
6.2.2.2.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.2.6. Pet Accessories
6.2.2.2.6.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.2.7. Automotive Accessories
6.2.2.2.8. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.3. PVC Leather
6.2.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.3.2. Handbags
6.2.2.3.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.3.3. Small Leather Goods/Accessories
6.2.2.3.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.3.4. Apparel
6.2.2.3.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.3.5. Footwear
6.2.2.3.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.3.6. Home Décor and Furnishing
6.2.2.3.6.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.3.7. Pet Accessories
6.2.2.3.7.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.2.3.8. Automotive Accessories
6.2.2.3.8.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.3. Vegan Leather
6.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.3.2. Handbags
6.2.3.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.3.3. Small Leather Goods/Accessories
6.2.3.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.3.4. Apparel
6.2.3.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.3.5. Footwear
6.2.3.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.3.6. Home Décor and Furnishing
6.2.3.6.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.3.7. Pet Accessories
6.2.3.7.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
6.2.3.8. Automotive Accessories
6.2.3.8.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
Chapter 7. U.S. Leather Goods Market: Product Estimates & Trend Analysis
7.1. Product Movement Analysis & Market Share, 2024 & 2033
7.2. U.S. Leather Goods Market Estimates & Forecast, By Product, 2021 to 2033 (USD Billion)
7.2.1. Handbags
7.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.1.1.1. Tote Bags
7.2.1.1.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.1.1.2. Clutch
7.2.1.1.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.1.1.3. Satchel
7.2.1.1.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.1.1.4. Others
7.2.1.1.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.2. Small Leather Good
7.2.2.1. Wallets
7.2.2.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.2.2. Pouches
7.2.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.2.3. Card Holders
7.2.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.2.4. Phone Covers/Cases
7.2.2.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.2.5. Watch Straps
7.2.2.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.2.6. Others
7.2.2.6.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3. Apparel
7.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.2. Men
7.2.3.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.2.2. Shirts
7.2.3.2.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.2.3. Pants
7.2.3.2.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.2.4. Suits, Coats & Jacket
7.2.3.2.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.2.5. Overalls
7.2.3.2.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.2.6. Others
7.2.3.2.6.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.3. Women
7.2.3.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.3.1.1. Skirts
7.2.3.3.1.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.3.1.2. Coats & Jackets
7.2.3.3.1.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.3.1.3. Pants
7.2.3.3.1.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.3.1.4. Others
7.2.3.3.1.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.4. Children
7.2.3.4.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.4.2. Suits, Coats & Jackets
7.2.3.4.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.4.3. Vests
7.2.3.4.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.4.4. Pants
7.2.3.4.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.4.5. Skirts
7.2.3.4.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.3.4.6. Chaps
7.2.3.4.6.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4. Footwear
7.2.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4.1.1. Athletic
7.2.4.1.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4.1.1.2. Men
7.2.4.1.1.3. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4.1.1.4. Women
7.2.4.1.1.5. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4.1.1.6. Children
7.2.4.1.1.7. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4.1.2. Non-athletic
7.2.4.1.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4.1.2.2. Men
7.2.4.1.2.3. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4.1.2.4. Women
7.2.4.1.2.5. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.4.1.2.6. Children
7.2.4.1.2.7. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.5. Home Décor and Furnishing
7.2.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.5.1.1. Decorative Wall Hangings
7.2.5.1.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.5.1.2. Tabletop Decorative Items
7.2.5.1.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.5.1.3. Hanging Storage
7.2.5.1.3.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.5.1.4. Leather Furniture
7.2.5.1.4.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.5.1.5. Others
7.2.5.1.5.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.6. Pet Accessories
7.2.6.1. Pet Collars & Leads
7.2.6.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.6.2. Leather Pet Toys
7.2.6.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.7. Automotive Accessories
7.2.7.1. Seating Systems
7.2.7.1.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
7.2.7.2. Others
7.2.7.2.1. Market Estimates & Forecasts, 2021 to 2033 (USD Billion)
Chapter 8. U.S. Leather Goods Market - Competitive Landscape
8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Market Positioning
8.4. Company Market Share Analysis, 2023 (%)
8.5. Company Heat Map Analysis
8.6. Strategy Mapping
8.7. Company Profiles
8.7.1. Adidas AG
8.7.1.1. Company Overview
8.7.1.2. Financial Performance
8.7.1.3. Product Benchmarking
8.7.1.4. Strategic Initiatives
8.7.2. Nike, Inc.
8.7.2.1. Company Overview
8.7.2.2. Financial Performance
8.7.2.3. Product Benchmarking
8.7.2.4. Strategic Initiatives
8.7.3. Puma SE
8.7.3.1. Company Overview
8.7.3.2. Financial Performance
8.7.3.3. Product Benchmarking
8.7.3.4. Strategic Initiatives
8.7.4. Fila, Inc.
8.7.4.1. Company Overview
8.7.4.2. Financial Performance
8.7.4.3. Product Benchmarking
8.7.4.4. Strategic Initiatives
8.7.5. New Balance Athletics, Inc.
8.7.5.1. Company Overview
8.7.5.2. Financial Performance
8.7.5.3. Product Benchmarking
8.7.5.4. Strategic Initiatives
8.7.6. Knoll, Inc.
8.7.6.1. Company Overview
8.7.6.2. Financial Performance
8.7.6.3. Product Benchmarking
8.7.6.4. Strategic Initiatives
8.7.7. Samsonite International S.A.
8.7.7.1. Company Overview
8.7.7.2. Financial Performance
8.7.7.3. Product Benchmarking
8.7.7.4. Strategic Initiatives
8.7.8. VIP Industries Ltd.
8.7.8.1. Company Overview
8.7.8.2. Financial Performance
8.7.8.3. Product Benchmarking
8.7.8.4. Strategic Initiatives
8.7.9. Timberland LLC
8.7.9.1. Company Overview
8.7.9.2. Financial Performance
8.7.9.3. Product Benchmarking
8.7.9.4. Strategic Initiatives
8.7.10. Johnston & Murphy
8.7.10.1. Company Overview
8.7.10.2. Financial Performance
8.7.10.3. Product Benchmarking
8.7.10.4. Strategic Initiatives
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
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Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers