The revenue in the 'Luxury Leather Goods' segment of the luxury goods market in the United States was forecast to continuously increase between 2024 and 2028 by in total 2.3 billion U.S. dollars (+11.86 percent). After the eighth consecutive increasing year, the indicator is estimated to reach 21.67 billion U.S. dollars and therefore a new peak in 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.
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Statista Market Insights. (January 26, 2024). Revenue in the luxury leather goods segment of the luxury goods market United States from 2018 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/forecasts/1436299/revenue-luxury-leather-goods-luxury-goods-market-united-states
Statista Market Insights. "Revenue in the luxury leather goods segment of the luxury goods market United States from 2018 to 2028 (in billion U.S. dollars)." Chart. January 26, 2024. Statista. Accessed September 20, 2024. https://www.statista.com/forecasts/1436299/revenue-luxury-leather-goods-luxury-goods-market-united-states
Statista Market Insights. (2024). Revenue in the luxury leather goods segment of the luxury goods market United States from 2018 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/forecasts/1436299/revenue-luxury-leather-goods-luxury-goods-market-united-states
Statista Market Insights. "Revenue in The Luxury Leather Goods Segment of The Luxury Goods Market United States from 2018 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 Jan 2024, https://www.statista.com/forecasts/1436299/revenue-luxury-leather-goods-luxury-goods-market-united-states
Statista Market Insights, Revenue in the luxury leather goods segment of the luxury goods market United States from 2018 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1436299/revenue-luxury-leather-goods-luxury-goods-market-united-states (last visited September 20, 2024)
Revenue in the luxury leather goods segment of the luxury goods market United States from 2018 to 2028 (in billion U.S. dollars) [Graph], Statista Market Insights, January 26, 2024. [Online]. Available: https://www.statista.com/forecasts/1436299/revenue-luxury-leather-goods-luxury-goods-market-united-states