The U.S. bovine leather goods market was valued at $10,931 million in 2016, and is expected to reach $14,480 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023. Bovine leather is widely used in the U.S. leather goods market due to its characteristic property of being extremely soft, which makes it easy to work with. Increase in cattle population in the U.S. has made it easier for hide producers to boost the production of raw animal hide. As a result, the market share of bovine leather goods has increased. Bovine leather goods constitute around 65% of the total U.S leather goods market.
Changing fashion trends and awareness of luxury products, innovative designs, and growing economy of the U.S. are the key driving factors of the U.S. bovine leather goods market. Additionally, constant innovations in leather goods due to technological advancements and increased focus on designs are the key driving factors of bovine leather goods industry.
The market is segmented based on type and usage. Based on type, the market is classified into small/fancy leather goods, medium leather goods, and heavy leather goods. Small/fancy leather goods market is further bifurcated into purse, wallets, belt, passport & key case, note case, accessories and others. Medium leather goods market is further bifurcated into leather shoes, handbags, shoulder bags, document & attaché cases, and others. Heavy leather goods market is further bifurcated into saddlery, upholstery, holster, tooling & leathercraft, and automotive. The usage segment of the market are divided into general goods, footwear, automotive, and others.
The key players profiled in the U.S. bovine leather goods market include Horween Leather Company, Circa of America, LLC, Rancourt & Co. Shoecrafters, Russell Moccasin Co., Caleres, Inc. (Allen Edmonds Corporation), Hermes International S.A., Jack Georges, American Saddlery Inc., Garrett Leather Corp, and Tanner Goods Inc.
KEY MARKET SEGMENTS
BY PRODUCT TYPE
MARKET PLAYERS IN VALUE CHAIN
Other players in the value chain include (profiles not included in the report)
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