Revenue of the luxury leather goods industry Worldwide 2018-2028

Data provided by Statista Market Insights are estimates.

Luxury Leather Goods cover handbags, suitcases and briefcases as well as small leather goods such as wallets. The market definition corresponds broadly to the segment Luggage and Bags of the Consumer Market Outlook’s Accessories section. The only difference is that Luxury Leather Goods only cover the luxury range.

The shown market data are based on an analysis of more than 100 of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, leather goods from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The five most important players in this category are LVMH (with brands such as Louis Vuitton, Rimowa, Moynat and Loewe), Kering (Gucci, Saint Laurent, Bottega-Veneta and others), Coach, Michael Kors, Hermès and Tumi (which has been acquired by Samsonite but is still listed independently here).

Leather Goods have proven to be one the fastest-growing segments within the market for personal luxury goods and are projected to grow at rates above market average up to 2022.