Global: luxury leather goods revenue 2019-2029

The global revenue in the 'Luxury Leather Goods' segment of the luxury goods market was forecast to continuously increase between 2024 and 2029 by in total 18.4 billion U.S. dollars (+25.46 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 90.8 billion U.S. dollars and therefore a new peak in 2029.

Find more in-depth information regarding the revenue concerning the luxury jewelry segment of the luxury goods market in China and the average revenue per user (ARPU) concerning the prestige cosmetics segment of the luxury goods market worldwide.

The Statista Market Insights cover a broad range of additional markets.

Revenue of the luxury leather goods industry Worldwide 2019-2029 (in million U.S. dollars)

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Release date

October 2024

More information

Region

Worldwide

Survey time period

2019 to 2029

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Luxury Leather Goods cover handbags, suitcases and briefcases as well as small leather goods such as wallets. The market definition corresponds broadly to the segment Luggage and Bags of the Consumer Market Insights Accessories section. The only difference is that Luxury Leather Goods only cover the luxury range.

Additional Information:

The shown market data are based on an analysis of the biggest luxury companies in the world. Accordingly, leather goods from smaller companies or artisanal production unaffiliated with the companies covered are not included. A complete list of all companies and brands covered can be found in the methodology description. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The most important players in this category are LVMH (with brands such as Louis Vuitton, Rimowa, Moynat and Loewe), Kering (Gucci, Saint Laurent, Bottega-Veneta and others), Coach, Michael Kors and Hermès.

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