Buy the full study
Detailed content of our market study
Inforamtion
- Number of pages : ~ 40 pages
- Format : Digital and PDF versions
- Last update :
Summary and extracts
1 Market overview
1.1 Definition and scope of study
The Luxury Leather Goods Market refers to the industry of preparing fine leather and producing items with the same leather, whether they are bags, gloves, belts or other fashion items. If it is easy to mention houses that firmly belong to the world of luxury, it is much less easy to draw a clear line between leather goods as a whole and the so-called luxury leather goods. Footwear represents an important part of the market; in 2018, it represented the highest share: 34.8 percent of the market. Luxury footwear is more of a fashion statement, and buyers of luxury footwear spend more and buy more frequently than buyers of other leather items, propelling the category forward.
The Global Luxury Leather Goods Market closed 2020 with a market value of USD 62,30 billion, and is expected to generate USD 65,48 billion at the end of 2021, with a CAGR of 5,3%
In Italy, the Luxury Lather Goods Market is the heart of Made in Italy. From product research and development through prototype development to final product realization and industrialization, all worldwide luxury companies rely on this expertise to bring their famous collections to life. The Italian system counts 20.559 firms in the Luxury leather goods sector. The most famous region for tanneries is Tuscany, with 567 companies (mainly in Santa Croce sull'Arno), out of a total of 1330 throughout Italy. Italian lather producers are mainly micro, small and medium-sized enterprises that work in the sector.
Leather products have proven to be one of the fastest-growing areas within the personal luxury goods market, with growth rates expected to exceed the market average through 2025. Italy is a strategic market for the big companies selling luxury leather goods, the most powerful are Tod's, Fendi, Miu Miu, The Bridge, Gucci, Furla and Bottega Veneta. The latest trends of the sector comprehend low carbon emission leather production and the manufacturing of several luxury leather accessories that have only a functional and aesthetic value.
List of charts presented in this market study
- Market share of leading luxury leather brands
- Valeur du marché mondial des produits de luxe en cuir
- Les marchés les plus rentables sur le marché de la maroquinerie de luxe
- Main Exporters of Leather Items
- Average Prices per KG for Leather Goods
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Latest news
Inauguration of a Hermès site in Riom, land of volcanoes - 17/09/2024
- 1. Number of Hermès leather factories in France: 23.
- 2. Frequency of new leather goods factories opened by Hermès: one per year.
- 3. Length of training for a leatherworker at Hermès: 18 months for basic training, and 5 years to master the craft.
- 4. Standard capacity of Hermès leather goods factories: 300 employees, including 260 craftsmen and 40 supervisory and support staff.
- 5. Year Hermès launched its leather goods division: 1923.
- 6. Change in contribution to Hermès sales: initially 55% from silk and 9% from leather goods; today, these percentages are largely reversed.
Vinted profitable for the first time - 29/04/2024
- - **Sales up:** 596.3 million euros last year, representing an increase of 61%.
- - **Net income:** 17.8 million euros (against a loss of 20.4 million euros in 2022).
- - **Workforce:** 2,000 employees. - **Year of creation:** 2008.
- - **Number of registered members in France:** 27 million.
- - **Market position:** Europe's third-largest textile operator, behind Zalando and Shein, and number one in the C to C second-hand market in Europe.
Lvmh: Belloni steps down as general manager and will be president of Lvmh Italy - 22/03/2024
- **Toni Belloni**
- - Period in LVMH: more than 23 years
- - Roles: General manager and chairman of the executive committee of LVMH
- - Next role: In charge of some strategic missions and president of LVMH Italy
- **Stéphane Bianchi**
- - Date of hire at LVMH: 2018
- - New roles: He will chair the executive committee and lead the group's geographic divisions and digital and data transformation, working in close collaboration with Bernard Arnault. 3.
- **Wei Sun Christianson**
- - Proposed Position: Administrator on the board of directors
- - Skills: Financial literacy, knowledge of the luxury market and China
- - Proposed co-option date: April 18 board of directors meeting
- **Bernard Arnault**
- - Roles: chairman and chief executive officer of the LVMH Group
- - Comment on Belloni: Describes him as critical to LVMH's success, citing his vision, loyalty, and participation in the group's acquisitions.
Hermès continues to raise prices - 09/02/2024
- - Hermès sales in 2023 will be 13.4 billion euros, up 16% on the previous year and 21% at constant exchange rates.
- - Net income is up 28% to 4.3 billion euros.
- - Hermès has a market value of 231 billion euros.
- - Hermès has increased its prices by 8 to 9% in 2023.
- - 22,000 Hermès employees worldwide.
- - More than 60% of new jobs created in France, where Hermès manufactures three quarters of its products.
Fashion: how Prada reinvents itself - 13/01/2024
- Prada was founded in 1913 by brothers Mario and Martino Prada.
- By 2023, Prada's retail sales have increased by 13% compared to 2022.
- The luxury goods market is expected to see around 40% of its global sales absorbed by China by 2030, according to Bain & Company.
- Prada created its own foundation in 1995, which is located in Milan.
Gucci: a challenge for Kering - 08/01/2024
- Gucci, Kering's flagship brand, guarantees two thirds of the group's profits.
- Kering acquired a 30% stake in Valentino.
- Kering also bought Creed perfumes.
- Balenciaga, one of Kering's brands, has been in difficulty since November 2022
Companies quoted in this study
This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
the luxury leather goods market | Italy
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What is the positioning of companies in the value chain?
- Data from several dozen databases
5 reports pack (-15%) IT Italy
- 5 reports at €75.6 excluding VAT per study to choose from our Italian catalogue for 12 months
- Save 15% on additional studies purchased
- Choose to be refunded any unused credit at the end of the 12-month period (duration of the pack)
See the terms and conditions of the pack and the refund of unused credit.
Our customer references
They have consulted our studies
Discover the opinions (+500)
Malcolm Vincent
Astoria Finance
Gregoire de Castelnau
Stags Participations
Timothé Huignard
PWC
Paul-Alexis Kebabtchieff
BCG
Aymeric Granet
Publicis Consultant
interviews & case studies
All interviews and case studies (45)
