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According to IMARC Group’s latest report, the global leather goods market exhibited moderate growth during 2015-2020.
Looking forward, market is expected the market to grow at a CAGR of 5.5% during 2021-2026.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
The processed leather is further utilized in the manufacturing of footwear, garments, harnesses, saddles, gloves, bracelets, belts, bags, watches, wallets, and smartphone covers.
Being highly durable and resistant to fire, crack, abrasion, dust, etc., the leather is widely adopted for producing sports equipment, apparel, and automotive upholstery.Get Sample Report with Detail COVID-19 Impact Analysis -https://www.imarcgroup.com/leather-goods-market/requestsampleMarket TrendsThe rising consumer living standards supported by their increasing disposable income levels have propelled the demand for premium leather goods.
Furthermore, the increasing focus of several manufacturers on providing unique and stylish products for expanding their product portfolios and attracting a large consumer base is also driving the market.
The rising adoption of advanced technologies, including automated cutting in the leather production process, has led to the emergence of customized leather goods in the market.
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