Leather Goods Market in India 2025:
How Big is the India Leather Goods Market?
The India leather goods market size reached USD 13.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 20.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.6% during 2025-2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 13.4 Billion
Market Size in 2033: USD 20.1 Billion
Market Growth Rate (CAGR) 2025-2033: 4.6%
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India Leather Goods Market Trends and Drivers:
The India leather goods market is witnessing a high growth trend, triggered by growing local consumption, rising fashion awareness, and widening export prospects. The robust manufacturing base of the country with the support of skilled labor and availability of raw materials makes it a global leader in the production of leather. Furthermore, the increased demand for high-end and branded leather goods, including shoes, bags, wallets, and accessories, is prompting producers to go innovative both in terms of design and quality. Further, the impact of global fashion trends as well as the increased availability of luxury brands in India are accelerating the use of high-end leather goods. Government initiatives promoting the leather industry through funding, infrastructure development, and export incentives are further stimulating market expansion. Furthermore, the shift towards sustainable leather processing and eco-friendly tanning methods is becoming a key trend, attracting environmentally conscious consumers. In essence, the incorporation of advanced technology in manufacturing, including computer-aided design and precision cutting machines, is improving the efficiency of production and the uniformity of products, allowing Indian leather products to compete favorably in the global market.
The domestic market is also being favored by India's expanding e-commerce market, which has provided new channels of distribution for leather companies, both local and international. Also, growing urbanization and rising disposable incomes are fueling greater expenditure on lifestyle and fashion products, such as premium leather products. Further, growing demand for customized and handmade leather products is leading small and mid-sized players to set up in the industry with differentiation offerings. Also, demand from export markets like Europe, North America, and the Middle East is leading for mass production and resulting in high-profit opportunities for Indian producers. Leather goods market in India is also being impacted by tourism and travel industry development, with travel-friendly leather accessories and luggage becoming increasingly popular. In addition, global designers and Indian producers are teaming up to make the market more creative and competitive. Essentially, the fusion of modern trends with traditional artistry is helping make the India leather goods market develop continuously to meet domestic tastes and international standards of quality. With stable demand drivers, friendly policies, and a growing emphasis on sustainability, the sector is poised to continue its solid growth path over the next few years.
India Leather Goods Market Report And Segmentation:
We explore the factors propelling the India leather goods market growth, including technological advancements, consumer behaviors, and regulatory changes.
Product Insights:
- Footwear
- Military Shoes
- Casual Shoes
- Formal Shoes
- Sports Shoes
- Others
- Leather Products
- Upholstery
- Luggage
- Accessories
- Clothing and Apparel
- Bags, Wallets, and Purses
- Others
Material Insights:
- Genuine Leather
- Top-grain Leather
- Split-grain Leather
- Synthetic Leather
- PU-Based Leather
- PVC-Based Leather
- Bio-Based Leather
Price Insights:
- Premium Products
- Mass Products
Distribution Channel Insights:
- Clothing and Sportswear Retailers
- Departmental Stores
- Supermarkets and Hypermarkets
- Online Stores
- Others
Regional Insights:
- North India
- South India
- East India
- West India
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Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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