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.
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 (FY’2024-FY’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 (FY’2024-FY’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. SPER’s internal database
2.1.4. Premium insight from KOL’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. PORTER’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