Middle East and Africa Leather Goods Market Growth, Size, Trends, Revenue and Future Outlook: SPER Market Research

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Published: Apr 2024	Report ID: FMCG2487	Pages: 1 - 154	Formats^*:
Category : Consumer & Retail

Middle East and Africa Leather Goods Market Introduction and Overview

According to SPER Market Research, the Middle East & Africa Leather Goods Market is estimated to reach USD 64.02 Billion by 2033 with a CAGR of 6.5%.

The report includes an in-depth analysis of the Middle East & Africa Leather Goods Market, including market size and trends, product mix, applications, and supplier analysis. Leather goods are created from processed animal hides and skins and can be used to make purses, wallets, belts, shoes, and other accessories. The production process is divided into numerous steps, which include obtaining raw materials, tanning, dyeing, cutting, sewing, and finishing. Leather items are renowned for their durability, elegance, and timeless appeal. They are utilised by people from a variety of industries, including fashion, luxury, automotive, and furniture.

In August 2017, Bally, a Swiss luxury brand, opened its first flagship store in India in a joint venture with Reliance Brands Limited. This store sells shoes for both men and women, as well as accessories and high-quality leather goods.

Middle East & Africa Leather Goods Market Opportunities:

Increased innovation in leather items, including new features and designs: The eco-friendly production of bio-based leather has negligible ecological impacts. Manufacturers in the Middle East and Africa are urged to prioritize synthetic leather made from natural fibers such as flax cotton, corn, soybean, and pineapple leaves to enhance their market competitiveness. Pineapple leaf fibers, utilized in creating "Pinatex," offer a sustainable alternative due to their strong and flexible properties in the manufacturing process.

Introduction of bio-biased leather: The production of bio-based leather has minimal ecological impact. Manufacturers in the Middle East and Africa should prioritize synthetic leather made from natural fibers like flax cotton, corn, soybean, and pineapple leaves to enhance their market position. Pineapple leaves, used to create "Pinatex," offer a promising alternative due to their strong and flexible fibers, contributing to sustainable manufacturing practices.

Middle East & Africa Leather Goods Market Challenges

Strict government rules regarding the manufacturing and usage of natural leather: Stringent governmental regulations in regions like Europe and the U.S., among others, are shutting down multiple tanneries and leather processing facilities. These regulations governing leather usage will impede market growth in the foreseeable future. Government policies have introduced new synthetic alternatives like plastic leather into the market.

Lack of expertise, technology, intermediate inputs, and processing equipment: Limited availability of universities offering leather technology degrees intensifies the problem, resulting in a skills gap necessitating urgent attention for sectoral development. Scarce professionals and training facilities hinder the production of quality leather goods crucial for industry advancement.

The availability of cheaper leather goods and the scarcity of leather goods globally: The costly nature of genuine leather has driven efforts to find substitutes due to declining quality and limited availability. Inexpensive leather goods saturating markets disrupt pricing dynamics, hindering market growth.

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Market Competitive Landscape

The Middle East leather products market is heavily influenced by the growth of foreign firms in the region. The major key players in the Middle East & Africa Leather Goods Market are: Adidas AG, Aero Leather Clothing, American Leather, CAPRI HOLDINGS LIMITED, Hermes International S.A., Kiton, Kering S.A., Louis Vuitton, LVMH, Michael Kors Holdings Ltd., PRADA S.P.A., Ralph Lauren Corporation, Others. The leading leather goods players are pursuing mergers and acquisitions, as well as partnerships and agreements, as one of their primary tactics for consolidating and optimising their offers. Furthermore, these players merge or purchase leather tanneries in order to increase production and gain market domination in the leather goods industry.

Scope of the Report:

Report Metric	Details
Market size available for years	2020-2033
Base year considered	2023
Forecast period	2024-2033
Segments covered	By Product Type, By Leather Type, By Distribution Channel, By Grade
Regions covered	Egypt, Israel, Saudi Arabia, South Africa, United Arab Emirates, Rest of Middle East & Africa
Companies Covered	Adidas AG, Aero Leather Clothing, American Leather, CAPRI HOLDINGS LIMITED, Hermes International S.A., Kiton, Kering S.A., Louis Vuitton, LVMH, Michael Kors Holdings Ltd., PRADA S.P.A., Ralph Lauren Corporation, Others

COVID-19 Impact on Middle East & Africa Leather Goods Market

The leather goods industry, like many others, faced difficulty during the COVID-19 pandemic. Lockdowns, travel restrictions, and economic uncertainty hampered supply chains and reduced consumer spending. Several trends emerged during this period: E-commerce grew as traditional stores closed or faced constraints, increasing online leather goods sales. As a result of distant work and diminished social engagements, there has been a shift towards casual and comfort clothes. Consumers are increasingly concerned with sustainability, expressing an interest in ethically sourced leather alternatives. Production and delivery delays were caused by supply chain disruptions, which included manufacturing stoppage and raw material shortages.

Key Target Audience

Retailers and E-commerce Platforms
Leather Goods Manufacturers and Suppliers
Fashion Designers and Brands
Consumers and Fashion Enthusiasts
Leather Industry Associations and Trade Organizations
Luxury Goods Retailers
Leather Goods Distributors and Wholesalers
Fashion and Lifestyle Magazines
Leather Goods Exporters and Importers
Fashion Retail Chains
Others

Our in-depth analysis of the Middle East and Africa Leather Goods Market includes the following segments:

Digital Advertising Market	Apparel Belts Footwear Handbags Luggage Wallets Others
By Leather Type:	Bonded Leather Faux Leather Full Grain Leather Split Grain Leather Top Grain Leather
By Distribution Channel:	Company Franchised Stores E-Commerce Specialty Stores Supermarkets/Hypermarkets Others
By Grade:	High-Grade Mid-Grade

Key Topics Covered in the Report

Middle East & Africa Leather Goods Market Size (FYâ€™2024-FYâ€™2033)
Overview of Middle East & Africa Leather Goods Market
Segmentation of Middle East & Africa Leather Goods Market By Product Type (Apparel, Belts, Footwear, Handbags, Luggage, Wallets, Others)
Segmentation of Middle East & Africa Leather Goods Market By Leather Type (Bonded Leather, Faux Leather, Full Grain Leather, Split Grain Leather, Top Grain Leather)
Segmentation of Middle East & Africa Leather Goods Market By Distribution Channel (Company Franchised Stores, E-Commerce, Specialty Stores, Supermarkets/Hypermarkets, Others)
Segmentation of Middle East & Africa Leather Goods Market By Grade (High-Grade, Mid-Grade)
Statistical Snap of Middle East & Africa Leather Goods Market
Expansion Analysis of Middle East & Africa Leather Goods Market
Problems and Obstacles in Middle East & Africa Leather Goods Market
Competitive Landscape in the Middle East & Africa Leather Goods Market
Impact of COVID-19 and Demonetization on Middle East & Africa Leather Goods Market
Details on Current Investment in Middle East & Africa Leather Goods Market
Competitive Analysis of Middle East & Africa Leather Goods Market
Prominent Players in the Middle East & Africa Leather Goods Market
SWOT Analysis of Middle East & Africa Leather Goods Market
Middle East & Africa Leather Goods Market Future Outlook and Projections (FYâ€™2024-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Middle East & Africa Leather Goods Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Middle East & Africa Leather Goods Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East & Africa Leather Goods Market

7. Middle East & Africa Leather Goods Market, By Product Type (USD Million)

7.1. Middle East & Africa Leather Goods Market Value Share and Forecast, By Product Type, 2024-2033
7.2. Apparel
7.3. Belts
7.4. Footwear
7.5. Handbags
7.6. Luggage
7.7. Wallets
7.8. Others

8. Middle East & Africa Leather Goods Market, By Leather Type (USD Million)

8.1. Middle East & Africa Leather Goods Market Value Share and Forecast, By Leather Type, 2024-2033
8.2. Bonded Leather
8.3. Faux Leather
8.4. Full Grain Leather
8.5. Split Grain Leather
8.6. Top Grain Leather

9. Middle East & Africa Leather Goods Market, By Distribution Channel (USD Million)

9.1. Middle East & Africa Leather Goods Market Value Share and Forecast, By Distribution Channel, 2024-2033
9.2. Company Franchised Stores
9.3. E-Commerce
9.4. Specialty Stores
9.5. Supermarkets/Hypermarkets
9.6. Others

10. Middle East & Africa Leather Goods Market, By Grade (USD Million)

10.1. Middle East & Africa Leather Goods Market Value Share and Forecast, By Grade, 2024-2033
10.2. High-Grade
10.3. Mid-Grade

11. Middle East & Africa Leather Goods Market Forecast, 2020-2033 (USD Million)

11.1. Middle East & Africa Leather Goods Market Size and Market Share

12. Middle East & Africa Leather Goods Market, By Product Type, 2020-2033 (USD Million)

12.1. Middle East & Africa Leather Goods Market Size and Market Share By Product Type (2020-2026)
12.2. Middle East & Africa Leather Goods Market Size and Market Share By Product Type (2027-2033)

13. Middle East & Africa Leather Goods Market, By Leather Type, 2020-2033 (USD Million)

13.1. Middle East & Africa Leather Goods Market Size and Market Share By Leather Type (2020-2026)
13.2. Middle East & Africa Leather Goods Market Size and Market Share By Leather Type (2027-2033)

14. Middle East & Africa Leather Goods Market, By Distribution Channel, 2020-2033 (USD Million)

14.1. Middle East & Africa Leather Goods Market Size and Market Share By Distribution Channel (2020-2026)
14.2. Middle East & Africa Leather Goods Market Size and Market Share By Distribution Channel (2027-2033)

15. Middle East & Africa Leather Goods Market, By Grade, 2020-2033 (USD Million)

15.1. Middle East & Africa Leather Goods Market Size and Market Share By Grade (2020-2026)
15.2. Middle East & Africa Leather Goods Market Size and Market Share By Grade (2027-2033)

16. Middle East & Africa Leather Goods Market, By Region, 2020-2033 (USD Million)

16.1. Middle East & Africa Leather Goods Market Size and Market Share By Region (2020-2026)
16.2. Middle East & Africa Leather Goods Market Size and Market Share By Region (2027-2033)
16.3. Egypt
16.4. Israel
16.5. Saudi Arabia
16.6. South Africa
16.7. United Arab Emirates
16.8. Rest of Middle East & Africa

17. Company Profile

17.1. Adidas AG

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. Aero Leather Clothing

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments

17.3. American Leather

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. CAPRI HOLDINGS LIMITED

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. Hermes International S.A.

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments

17.6. Kiton

17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments

17.7. Kering S.A.

17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments

17.8. Louis Vuitton

17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments

17.9. LVMH

17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments

17.10. Michael Kors Holdings Ltd

17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments

17.11. PRADA S.P.A.

17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments

17.12. Ralph Lauren Corporation

17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments

17.13. Others

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Middle East and Africa Leather Goods Market?

Middle East and Africa Leather Goods Market is projected to reach USD 64.02 billion by 2033, growing at a CAGR of 6.5% during the forecast period.

What is the growth rate of the Middle East and Africa Leather Goods Market?

Middle East and Africa Leather Goods Market grew in Market size from 2022. The Market is expected to reach USD 64.02 billion by 2033, at a CAGR of 6.5% during the forecast period.

What is the anticipated CAGR of the Middle East and Africa Leather Goods Market?

Middle East and Africa Leather Goods Market CAGR of 6.5% during the forecast period.

How can I get a sample report on the Middle East and Africa Leather Goods Market?

You can get the sample pages by clicking the link - Click Here

What is the Market size of the Middle East and Africa Leather Goods Market?

Middle East and Africa Leather Goods Market size is USD 64.02 billion from 2024 to 2033.

Which segment is expected to Middle East and Africa Leather Goods Market?

Middle East and Africa Leather Goods Market Segment is covered By Product Type, By Leather Type, By Distribution Channel, By Grade.

Which region is expected to have the highest Market share in the Middle East and Africa Leather Goods Market?

The MENA is anticipated to have the highest Market share in the Middle East and Africa Leather Goods Market.

Who are the key players in Middle East and Africa Leather Goods Market?

The key players in the Market include Companies Covered Adidas AG, Aero Leather Clothing, American Leather, CAPRI HOLDINGS LIMITED, Hermes International S.A., Kiton, Kering S.A., Louis Vuitton, LVMH, Michael Kors Holdings Ltd., PRADA S.P.A., Ralph Lauren Corporation, Others

What is the conclusion of the Middle East and Africa Leather Goods Market?

Leather goods are created from processed animal hides and skins and can be used to make purses, wallets, belts, shoes, and other accessories.