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Leather Footwear Market Report: Expansion in Market Size Owing To Latest Trends, And Factors during the Period 2018 – 2026 May 12, 2021
By Zaraki Kenpachi -
The global population is increasing considerably and the demand for consumer goods is rising exponentially. The leather industry across the globe is characterized by fragmented industry concentration across geographies, fast market dynamics, and a labor intensive industry structure. The developing and agrarian countries are increasingly focusing on animal husbandry which drives the meat and skin and hides industry. The whole chain of the leather industry right from animal husbandry is facilitated by improved technological developments. Hides and skin material supply is expected to grow at a rate of 3%-4% annually. This growth is expected to continue up to 2030 due to improved farming e몭ciency even in developing countries. The leather footwear industry grew post the liberalization era. Across the globe, it is seen that the leather footwear industry is well diversi몭ed geographically. Moreover, this industry has undergone a major transformation in terms of availability of raw materials, returns maximization, and trade concentration. The leather footwear industry was dominated by the men’s segment since inception. These days, the women’s segment is expanding in the overall leather footwear market. The top global players in the leather footwear market are: Salvatore Ferragamo S.p.A., Allen Edmonds, Hermès International S.A., Kering S.A., Bruno Magli, LVMH, Cole Haan, Genesco Inc., Prada Holding B.V., and Crockett & Jones, amongst others. Get sample copy of at: