Technological
advances in the field of wireless technologies have 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.
THE BUSINESS RESEARCH COMPANY EXPECTS THE LEATHER AND ALLIED PRODUCTS MARKET TO GROW TO NEARLY $680
BILLION BY 2021
Asia
Pacific was the largest region in the leather and allied products market in 2017, accounting for more than one-third of the market share. This
was mainly due to high disposable income, thereby fuelling the demand for
leather products.
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The chart below shows
the year-on-year growth of the global leather and
allied products market during 2017-2021
According to The
Business Research Company’s Consultant, Nitin Gianchandani, leather
manufacturers are using big data to keep a track of internal and external
costs, efficiencies of resources and to monitor carbon emissions and waste
discharge. They are keeping track of these parameters to avoid long term
negative impact of manufacturing on the environment.
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of the report at:
NIKE Inc. was
the largest player in the leather and allied products market in 2017, with revenues
of $20 billion in 2016. Nike’s growth strategy aims at building strategic
partnerships focus on strengthening its position in global apparel and footwear
market.
Leather and
allied product manufacturing establishments are engaged in the 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.
Leather
And Allied Products Global Market Report 2018 is
a detailed report giving a unique insight into this market. The report is
priced at $4000 for an individual user. To use across your office, the price is
$6000 and $8000 if you wish to use across a multinational company.
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