Leather and allied product
manufacturing establishments are engaged in tanning or curing of hide into leather
and using it in the manufacture of footwear, handbags, purse and other leather
products. It also includes the manufacture of similar products with substitute
materials such as plastics, rubber or textiles.
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The global leather and allied products
market has been growing in the past years with a CAGR of almost 5%. The year
2017 recorded high growth in this market with a net market value almost 18%
higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic
and future trends in the market for each year with sourced reasons to support
the growth claims.
The report also shows the global
leather and allied products market to grow at a higher CAGR by 2021 as compared
to 2017, along with geographies best suited for investments with highest return
rate.
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sample report at:
Technological advances in the field of
wireless technologies has enabled leather product manufacturers to integrate
wearable technology into their products. Leading fashion designers are
partnering with technology firms to produce trendy wearables and luxury
products as the market is adopting this concept broadly. For instance, Ralph
Lauren introduced the ‘Ricky Smart Bag’ made from luxury leather that enables
users to charge their phone by lifting one of the flaps that activates an internal
light.
Companies included in the report are NIKE
Inc., Gap Inc., Christian Dior SE, Adidas AG, and Kering SA.
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