The segment Luxury Leather Goods accounted for 21% of the Luxury Goods revenue in 2022. The worldwide revenue of US$66 billion in 2022 is expected to increase to US$92 billion by 2028. This report from the series of segment reports gives an overview of the Luxury Leather Goods market from an international perspective.
All relevant sales figures and growth rates, including forecasts until 2028
Regional comparison with focus on Europe, United States, China and South America
The segment Luxury Leather Goods covers highly exclusive handbags, suitcases and briefcases as well as small leather goods such as wallets that convey the taste and status of their owners. 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), Hermès, Chanel and Coach. 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 2028.