Leather Good & Luggage Manufacturing in the US - Industry Market Research Report

Leather Good & Luggage Manufacturing in the US - Industry Market Research Report

  • October 2020 •
  • 49 pages •
  • Report ID: 499316 •
  • Format: PDF
In the bag: High-quality niche goods and reshoring activity are anticipated to support future growth

Abstract

Leather Good & Luggage Manufacturing in the US
Performance in the Leather Good and Luggage Manufacturing industry has waned over the five years to 2019. An appreciating dollar has caused domestically manufactured goods to be more expensive than their foreign-based competition throughout the period. Consumers have been increasingly satisfying their leather good needs by purchasing less-expensive imported items while domestic operators are netting less revenue from exports. Despite an overall dip in total import revenue, goods purchased from overseas operators are expected to account for an increasing share of domestic demand in 2019. Over the next five years, industry revenue is expected to marginally recover due to the growing phenomena of reshoring manufacturing and a renewed demand for niche industry products.

Operators in this industry primarily manufacture clothing accessories, including belts, hats, luggage, handbags, wallets and various other leather and nonleather goods and accessories.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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