Summary

India Given that Indian consumers are always looking for designs that set them apart from the competition, the leather goods business is one of the most lucrative in the world. The development of the Indian leather products business has been guided by defining craftsmanship, imaginative designs, and conscientious consumers. A diverse range of people, including entrepreneurs and teenagers, high-society women, and tourists looking for durable and spacious leather goods, are seen wearing leather goods today. To help the nation's footwear industry, the Indian government has taken many actions. When leather was first created, tanning the hide or skin required a lot of time and labour. Before modern technology, it used to take weeks or months to process leather and turn it into finished products. High quality, diversity, and consistency are requirements for leather items due to consumer preferences and demand. Scientific concepts have been included in the business model of the Indian leather industry as a result of the industry's successful start. Leather goods are increasingly being seen as a fashion statement in India, with consumers looking for stylish and trendy products that reflect their personality and lifestyle. This has led to a surge in demand for premium and luxury leather goods brands.

According to the research report "India Leather Goods Market Overview, 2028," published by Bonafide Research, the India Leather Goods Market is anticipated to add more than USD 9.8 billion from 2023 to 2028. Due to its toughness and upscale appearance, leather is increasingly used in the fashion industry and is a great material for clothing manufacture. This is one of the main variables influencing the market's current demand for leather. Additionally, fashion shows that feature leather items like jackets, shoes, bags, and other accessories are helping to increase the popularity of leather goods during the forecast period. To satisfy consumer demand and keep a devoted customer base, market participants are launching cutting-edge and fashionable products, which are assisting the market's expansion. Customers also favour leather luggage and accessories that are stylish and compact. Men's accessories like leather gloves, bracelets, and necklaces are getting more and more fashionable as a result of shifting fashion trends. Thus, it is likely that fashion trends will change significantly in the years to come, which will aid in the industry's expansion. Furthermore, the leather industry is receiving more government support, which is accelerating market expansion.

Based on type the market is segmented into genuine leather and synthetic leather. The market is being dominated by genuine leather, which has the highest market share. The synthetic leather market is expected to grow at the highest CAGR in the upcoming time period. Compared to conventional leather, synthetic leather is typically more durable and resistant to wear and tear. It is a preferred material for items like purses, shoes, and coats since it is easier to maintain and clean. Additionally, there is a rising demand for eco-friendly products as consumers become more conscious of the environmental impact of their purchasing decisions. Synthetic leather is frequently regarded as being more environmentally friendly than real leather because it is made without the use of animal hides. For customers looking for the appearance and feel of leather at a lower price range, synthetic leather is frequently less expensive than real leather.

Based on product, the market is divided into footwear, handbags, Small Leather Goods/ Accessories Apparel, Home Décor and Furnishing Pet Accessories, Automotive Accessories, luggage & bags. Among them the handbags is expected to grow with highest period during the anticipated period. High-quality leather handbags are known for their long-lasting functionality and durability. Consumers in the United Kingdom are ready to invest in high-quality handbags constructed of high-quality materials and built to last for many years. Handbags are flexible accessories that may be used for everything from carrying everyday necessities to accessorising formal attire. This versatility has contributed to the continued appeal of handbags among consumers, resulting in a wide range of handbag styles and sizes on the market. Handbags are made to be practical, with various sections and pockets for storing and organising personal items.

According to the research, the market is divided into speciality stores, supermarkets and hypermarkets, brand outlets, and online stores, depending on the distribution channel. The market is dominated by specialty stores, which have the largest market share. Specialty stores often specialise in one or two types of leather items, such as footwear, handbags, or jackets. This concentration enables them to establish a high level of product understanding, allowing them to provide professional advice and help to customers when making a purchase. Furthermore, compared to general retailers, specialty stores frequently offer a broader range of products within their category. Customers can then find exactly what they're seeking and explore new product possibilities within their sector of interest.

Considered in this report
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• India Leather Goods market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Genuine Leather
• Synthetic Leather

By Product
• Footwear
• Handbags
• Small Leather Goods/ Accessories
• Apparel
• Home Décor and Furnishing
• Pet Accessories
• Automotive Accessories
• Luggage & bags

By Distribution Channel
• Speciality Store
• Supermarkets and Hypermarkets
• Brand Outlets
• Online Stores
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Leather Goods industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Table of Contents

Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. IndiaMacro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. IndiaLeather Goods Market Overview
6.1. Market Size by Value
6.2. Market Size and Forecast by Type
6.3. Market Size and Forecast by Products Types
6.4. Market Size and Forecast By Distribution Channel
7. IndiaLeather Goods Market Segmentations
7.1. IndiaLeather Goods Market, By Type
7.1.1. IndiaLeather Goods Market Size, By Genuine Leather, 2017-2028
7.1.2. IndiaLeather Goods Market Size, By Synthetic Leather, 2017-2028
7.2. IndiaLeather Goods Market, By Products Types
7.2.1. IndiaLeather Goods Market Size, By Footwear, 2017-2028
7.2.2. IndiaLeather Goods Market Size, By Handbags, 2017-2028
7.2.3. IndiaLeather Goods Market Size, By Small Leather Goods/ Accessories, 2017-2028
7.2.4. IndiaLeather Goods Market Size, By Apparel, 2017-2028
7.2.5. IndiaLeather Goods Market Size, By Home Decor and Furnishing, 2017-2028
7.2.6. IndiaLeather Goods Market Size, By Pet Accessories, 2017-2028
7.2.7. IndiaLeather Goods Market Size, By Automotive Accessories, 2017-2028
7.2.8. IndiaLeather Goods Market Size, By Luggage & Bags, 2017-2028
7.3. IndiaLeather Goods Market, By Distribution Channel
7.3.1. IndiaLeather Goods Market Size, By Specialty Store, 2017-2028
7.3.2. IndiaLeather Goods Market Size, By Supermarkets and Hypermarkets, 2017-2028
7.3.3. IndiaLeather Goods Market Size, By Brand Outlets, 2017-2028
7.3.4. IndiaLeather Goods Market Size, By Online Stores, 2017-2028
7.3.5. IndiaLeather Goods Market Size, By Others, 2017-2028
8. IndiaLeather Goods Market Opportunity Assessment
8.1. By Type, 2023 to 2028
8.2. By Products Types, 2023 to 2028
8.3. By Distribution Channel, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures
Figure 1: IndiaLeather Goods Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 2: Market Attractiveness Index, By Type
Figure 3: Market Attractiveness Index, By Products Types
Figure 4: Market Attractiveness Index, By Distribution Channel
Figure 5: Porter's Five Forces of IndiaLeather Goods Market

List of Table
Table 1 : Influencing Factors for Global Leather Goods Market, 2022
Table 2: IndiaLeather Goods Market Size and Forecast By By Type (2017, 2022 & 2028F)
Table 3: IndiaLeather Goods Market Size and Forecast By Products Types (2017, 2022 & 2028F)
Table 4: IndiaLeather Goods Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 5: IndiaLeather Goods Market Size of By Genuine Leather (2017 to 2028) in USD Billion
Table 6: IndiaLeather Goods Market Size of By Synthetic Leather (2017 to 2028) in USD Billion
Table 7: IndiaLeather Goods Market Size of Footwear (2017 to 2028) in USD Billion
Table 8: IndiaLeather Goods Market Size of Handbags (2017 to 2028) in USD Billion
Table 9: IndiaLeather Goods Market Size of Small Leather Goods/ Accessories (2017 to 2028) in USD Billion
Table 10: IndiaLeather Goods Market Size of Apparel (2017 to 2028) in USD Billion
Table 11: IndiaLeather Goods Market Size of Home Decor and Furnishing (2017 to 2028) in USD Billion
Table 12: IndiaLeather Goods Market Size of Pet Accessories (2017 to 2028) in USD Billion
Table 13: IndiaLeather Goods Market Size of Automotive Accessories (2017 to 2028) in USD Billion
Table 14: IndiaLeather Goods Market Size of Luggage & Bags (2017 to 2028) in USD Billion
Table 15: IndiaLeather Goods Market Size of Specialty Store (2017 to 2028) in USD Billion
Table 16: IndiaLeather Goods Market Size of Supermarkets and Hypermarkets (2017 to 2028) in USD Billion
Table 17: IndiaLeather Goods Market Size of Brand Outlets (2017 to 2028) in USD Billion
Table 18: IndiaLeather Goods Market Size of Online Stores (2017 to 2028) in USD Billion
Table 19: IndiaLeather Goods Market Size of Others (2017 to 2028) in USD Billion