The leather and
allied products establishments are engaged in 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.
The leather and
allied products market is valued at nearly $532 billion in 2017 due to the
usage of big data by leather manufacturers to keep a track of internal and
external costs, efficiencies of resources and to monitor carbon emissions and
waste discharge.
The leather and
allied products market in The Business Research Company’s report is segmented
into leather footwear, non-leather footwear, leather luggage, hand bags and
other goods, non-leather luggage, hand bags and other goods and leather
tanning. While the first two segments account for three-fourth of the market
share, the remaining is attributed to the leather luggage, hand bags and other
goods, non-leather luggage, hand bags and other goods and leather tanning
segments.
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The USA was the
largest country in the leather and allied products market in 2017, accounting
for more than one-fifth of the market share. This was mainly due to high demand
for leather products such as footwear, bags and wallets. USA was followed by
China and India as the next largest countries in the market.
NIKE Inc. was
the largest company in the leather and allied products market, followed by Gap
Inc. and Christian Dior SE. NIKE Inc. was incorporated in 1967 and is
headquartered in Beaverton, Oregon, US. It operates through four divisions i.e.
footwear, apparel, equipment and other.
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