Apparel or clothing is a term for items worn
on the body which is made by fabrics or textiles. Apparel products include
various products such as shirts, hosiery & socks and sweaters etc. They
also include cut-and-sew clothing items like suits, dresses, and trousers.
Leather is a durable & flexible material which is considered as a luxury
product including footwear, bags, luggage, wallets & purses, and other
accessories. The price of leather products are high due to high price of final
good, high number of activities involved in converting raw materials to a
finished good, and increased manufacturing costs.
According to study, “Apparel
And Leather Products Global Market Report 2019” some of the key
companies that currently operating in the global apparel and leather products
market are NIKE Inc., Ralph Lauren, Belle, Burberry, H&M AB, Levi Strauss
Co., Christian Dior SE, Hanesbrands, PVH, VF Corp, LVMH, Adidas AG, Prada
S.p.A, Louis Vuitton, Richemont Group, Hermes International S.A., Samsonite
International S.A., Coach, Inc., Delsey S.A., Kering SA, Tumi Holdings, Inc.,
VIP Industries Limited, Hugo Boss, Daphne, Ferragamo, MANWAH, AoKang, Natuzzi,
C. banner, Ekornes, Red Dragonfly, Garrett Leather, Winter Company, Jinjiang
Guotal Leather , Buckskin Leather Company, SKM LLC, ANTIC CUIR, CHINBAR, Amway,
Shandong Jinfeng Artificial Leather Co., Ltd., PELER ITALIA Srl, Arora Vinyl
Pvt. Ltd., Anhui Anli Material Technology Co., Ltd., R. Polycoats Pvt. Ltd.,
Filwel Co. Ltd, Mayur Uniquoters Limited, Kuraray Co., Ltd., San Fang Chemical
Industry Co., Ltd., Nan Ya Plastics Industrial Co., Ltd., Toray Industries
Inc., Teijin Limited, Zhejiang Hexin Industry Group Co., Ltd., Yantai Wanhua
Synthetic Leather Group Co., Ltd.
Based on type, global apparel and leather
products market is segmented into apparel manufacturing and leather &
allied products. Leather & allied products are further sub-segmented into
leather luggage, non-leather luggage, leather footwear, non-leather footwear,
leather tanning and hand bags (travel bags, business bags and casual bags)
& other goods. Based on product types, market is segmented into synthetic
leather, genuine leather and bio-based leather (buffalo hide, deer skin, sheep
& goat skin and hog skin). Based on mode of sale, market is segmented into
retail stores and online stores. Based on application, market is segmented into
medical, fashion entertainment and others (transportation, military, sports
& fitness). Furthermore, based on end-user, market is segmented into men’s
wear, women’s wear and kids wear.
The global apparel and leather products market
is driven by growth in disposable income & living standards, followed by
rise in domestic & international tourism, change in fashion trends and
increase in working women population. Apart from key driving factors, few of
the hindering factors include counterfeit products and animal cruelty &
environmental effects of leather. Moreover, increase in awareness about branded
products is further adding to a major opportunity for the market.
Based on geography, Asia-Pacific region is a
one of the major market, followed by Western European region for apparel and
leather products market owing to increase in availability of abundant raw
material, availability of cheap & skilled labor, and supportive domestic
market supporting the market growth in the region. It is anticipated that the
over the forecast period market is expected to be bright due to rise in
supporting institutions for the industrial developments.
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