Leather Footwear Market Study by Price, Revenue and Gross Margin Analysis by 2025

Posted on 2022-01-24 by researchinsights in Apparel & Fashion // 0 Comments

San Jose, California , USA, Jan 24, 2022 — /EPR Network/ —

The Leather Footwear Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global leather footwear market size is projected to reach USD 202.30 billion by 2025, according to a new report by Million Insights. The market is anticipated to grow at a CAGR of 2.8% over the forecast period. The growing number of working professional, increasing e-retailing and changing fashion trends are attributing to the growth of the market. Further, the introduction of new products in business wear amid changing fashion trends is likely to propel the growth of the market.

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Consumers spending on fashion accessories has increased considerably in the recent past, which, in turn, has positively driven the market growth. Further, increasing consumers’ inclination towards high-end products in formal shoe segment is boosting the market growth. However, the high cost of leather products and the growing dominance of counterfeit products is likely to hinder the market growth.

Among end-users, the female segment is projected to grow at a significant CAGR of 2.8% during the forecast period. The rise in the number of working female population and introduction of new products are further supplementing the growth of the market. Products such as shoes with high ankles, pumps, sandals, boots and casual wear are expected to be popular among women during the forecast period.

Major players operating in the leather footwear market are LVMH, Kering S.A, Prada Holding B.V, Hermès International S.A, Crockett & Jones, Allen Edmonds and Cole Haan among others.

The offline segment held over 72.0% of the market share, in 2018. The rise in the number of various offline retail stores in both emerging and developed countries is boosting the market growth. Further, the availability of a wide range of products in offline stores offering trail facilities is attracting a huge number of consumers. The online segment, on the other hand, is expected to witness a CAGR of 3.2% during the forecast period. Growing multi-channel retailing and emergence of various e-commerce platforms are anticipated to fuel the market growth from 2019 to 2025.

Europe held the largest market share with nearly 31% in 2018. Of which, the U.K alone held 13% of the market share, in 2018. Growing middle-class population and the rising number of women professionals are attributing to the growth of Europe. Asia Pacific, on the other hand, is likely to expand at the fastest CAGR of 5.1% during the forecast period. Growing consumers’ purchasing power and expansion of foreign players are boosting the leather footwear sales in the region.

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Leather Footwear Regional Outlook (Revenue, USD Million, 2015 – 2025)

North America
U.S.
Europe
Germany
U.K
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa
Nigeria

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