Luxury Leather Goods - G20

• In 2024, the revenue in the Luxury Leather Goods market of the G20 countries amounts to a staggering US$58.74bn.
• This sector is projected to experience an annual growth rate of 3.67% from 2024 to 2028, as measured by the Compound Annual Growth Rate (CAGR).
• When comparing the global market, it is noteworthy that in the United States leads the way in terms of revenue generated.
• In 2024, in the United States is expected to generate a substantial revenue of US$19,400m in the Luxury Leather Goods market.
• To put this into perspective, when considering the population of the G20 countries, the per person revenue generated in the Luxury Leather Goods market amounts to US$16.59 in 2024.
• This illustrates the significant economic impact of this industry on both a national and individual level.
• In Italy, known for its rich history of leather craftsmanship, the luxury leather goods market continues to thrive with timeless designs and impeccable quality.

Key regions: Italy, China, South Korea, United States, France