Summary

The leather goods industry is a major contributor to the Mexican economy, with many companies involved in the production of leather products. Mexican leather is known for its high quality and durability, and many leather goods manufacturers use traditional techniques to create unique and beautiful products. It is a popular destination for tourists looking for high-quality leather products at affordable prices, with many cities and towns throughout the country known for their leather markets and shops. With many businesses producing distinctive and contemporary designs to appeal to younger consumers, design innovation is becoming more and more significant in the market for leather goods. In the early 20th century, Mexico's leather industry experienced a boom as the demand for leather products grew both domestically and internationally. The government supported the industry by providing training programmes for leatherworkers and promoting exports of Mexican leather goods to other countries. During the mid-20th century, the Mexican leather industry faced some challenges due to competition from synthetic materials and a lack of investment in modernising production techniques. However, in recent years, the industry has experienced a resurgence, driven by a growing demand for high-quality, handmade leather products. Leon is Located in the state of Guanajuato, Leon is known as the leather capital of Mexico. The city has a long history of leather production and is home to a large number of tanneries, factories, and workshops that produce a wide range of leather goods, including footwear, handbags, and clothing.

According to the research report "Mexico Leather Goods Market Overview, 2028," published by Bonafide Research, the Mexico Leather Goods market is expected to grow at a CAGR of above 5% from 2023 to 2028. Mexico is an excellent site for the production and export of leather goods due to its geographic position. Due to its close proximity to the United States and other important markets, supply chains and customers are both easily accessible. Mexico has a long history of producing high-quality leather goods, and there is a highly trained labour force of artisans and craftsmen there. Based on the report, the leather types segment includes genuine leather and synthetic leather. Genuine leather holds a significant share of the market in Mexico. Genuine leather is widely used in the Mexican leather goods market because it is considered to be of high quality, durable, and long-lasting. Mexican consumers place a premium on quality and are willing to pay a premium for products made from genuine leather. Mexico has a long tradition of leatherworking, and there is a highly skilled workforce of artisans and craftsmen who specialise in creating high-quality leather products. These artisans use a variety of techniques to create unique, handcrafted products that are highly valued by consumers. In addition, Mexico has a rich diversity of animal hides, including cowhide, goat, and pigskin, which are ideal for creating a wide range of leather products. These hides are readily available and are often of high quality, which makes it easier and more cost-effective for manufacturers to produce products made from genuine leather.

The Mexican government has implemented several initiatives to support the development of the leather goods industry in the country. The Mexican government has implemented policies to promote the export of leather goods to other countries, including funding for trade shows and marketing initiatives. The government has established training programmes to help develop the skills of leather workers and designers and to promote innovation and creativity in the industry. The government provides investment incentives for companies looking to establish manufacturing operations in Mexico, including tax breaks and other financial incentives. The Mexican government has implemented strict environmental regulations to ensure that the leather industry operates in a sustainable and environmentally responsible manner. In terms of restrictions, the Mexican government has implemented regulations to ensure that leather products meet certain quality standards and that they are produced in a safe and ethical manner. The government has implemented regulations to ensure that leather products are made using non-toxic chemicals.

Based on the product types, segments include footwear, handbags, small leather goods and accessories, apparel, home decor and furnishing, pet accessories, automotive accessories, and luggage bags. The majority of the leather goods market in Mexico is dominated by footwear. Mexican leather footwear is available in a wide range of styles and designs, from traditional cowboy boots to modern sneakers. This variety of styles and designs helps to appeal to a wide range of consumers with different tastes and preferences. Although Mexico does have some large manufacturers, it also has more than its fair share of leather craftsmen and women whose skills and ability to create leather goods by hand negate the need for power-hungry machinery while also ensuring the highest quality leather goods, including western boots. In the future, handbags will grow at the highest CAGR rate. Based on the distribution channel, it includes specialty stores, supermarkets and hypermarkets, brand outlets, online stores, and others. The specialty stores leading the leather goods market in Mexico some of the best specialty stores are Casa de las Mercedes, Anunciata, Lolo, and Huarachess. Some of the top local manufacturers of leather goods in Mexico are Capa de Ozono, Velez, and Casa Diaz.

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

Aspects covered in this report
• Mexico 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. MexicoMacro 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. MexicoLeather 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. MexicoLeather Goods Market Segmentations
7.1. MexicoLeather Goods Market, By Type
7.1.1. MexicoLeather Goods Market Size, By Genuine Leather, 2017-2028
7.1.2. MexicoLeather Goods Market Size, By Synthetic Leather, 2017-2028
7.2. MexicoLeather Goods Market, By Products Types
7.2.1. MexicoLeather Goods Market Size, By Footwear, 2017-2028
7.2.2. MexicoLeather Goods Market Size, By Handbags, 2017-2028
7.2.3. MexicoLeather Goods Market Size, By Small Leather Goods/ Accessories, 2017-2028
7.2.4. MexicoLeather Goods Market Size, By Apparel, 2017-2028
7.2.5. MexicoLeather Goods Market Size, By Home Decor and Furnishing, 2017-2028
7.2.6. MexicoLeather Goods Market Size, By Pet Accessories, 2017-2028
7.2.7. MexicoLeather Goods Market Size, By Automotive Accessories, 2017-2028
7.2.8. MexicoLeather Goods Market Size, By Luggage & Bags, 2017-2028
7.3. MexicoLeather Goods Market, By Distribution Channel
7.3.1. MexicoLeather Goods Market Size, By Specialty Store, 2017-2028
7.3.2. MexicoLeather Goods Market Size, By Supermarkets and Hypermarkets, 2017-2028
7.3.3. MexicoLeather Goods Market Size, By Brand Outlets, 2017-2028
7.3.4. MexicoLeather Goods Market Size, By Online Stores, 2017-2028
7.3.5. MexicoLeather Goods Market Size, By Others, 2017-2028
8. MexicoLeather 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: MexicoLeather 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 MexicoLeather Goods Market

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