United States Leather and Fur Products Market Size, Share, and COVID-19 Impact Analysis, By Product (Leather Luggage, Women’s Leather Handbags, Leather Personal Goods, Leather & Fur Apparel, and Others), and United States Leather and Fur Products Market Insights, Industry Trend, Forecasts to 2033

United States Leather and Fur Products Market Insights Forecasts to 2033

• The U.S. Leather and Fur Products Market Size was Valued at USD 16.87 Billion in 2023
• The United States Leather and Fur Products Market Size is Growing at a CAGR of 7.41% from 2023 to 2033 
• The USA Leather and Fur Products Market Size is Expected to Reach USD 34.47 Billion by 2033 

The USA Leather and Fur Products Market Size is anticipated to exceed USD 34.47 Billion by 2033, Growing at a CAGR of 7.41% from 2023 to 2033. The luxury demand, fashion, and green alternatives drive the U.S. market for leather and fur products. Ethical issues, government regulations, and increasing competition from man-made alternatives shape market forces and consumer choices. 

Market Overview

The United States leather and fur products market refers to the production, distribution, and retailing of leather and fur-derived products, such as garments, shoes, accessories, upholstery, and luxury products. The market caters to various industries like fashion, automotive, furniture, and home décor. Moreover, some of the main drivers of growth are consumer preferences for high-end and sustainable goods, changing fashion styles, and technology developments in man-made substitutes. Ethical considerations and regulations around fur and leather procurement also dictate market dynamics. The trend towards environmentally friendly leather and synthetic fur alternatives is revolutionizing the market, serving luxury as well as ethical-concerned buyers. Furthermore, some of the most important companies in the U.S. market for leather and fur products are COACH., LVMH, Kering, Samsonite IP Holdings S.à r.l., VF Corporation, and RIMOWA. Important companies in the U.S. leather and fur products sector specialize in using different strategies, like introducing new product lines that appeal to changing consumer tastes for luxury and sustainability, to remain competitive. For instance, Coach is an expert in creating premium leather handbags and accessories by combining traditional designs and contemporary tastes to appeal to a broad customer base. The company emphasizes innovation by launching seasonal collections reflecting the prevailing trends in fashion while holding on to craftsmanship and durability.

Report Coverage

This research report categorizes the market for the US leather and fur products market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the U.S. leather and fur products market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the USA leather and fur products market.

Driving Factors

The U.S. leather and fur goods market is driven by growing consumer demand for luxury and high-end fashion, increasing disposable incomes, and changing lifestyle patterns. Demand for sustainable and ethically produced leather and fur substitutes appeals to environmentally aware consumers. Moreover, tanning, craftsmanship, and customization innovations increase product allure while growing e-commerce increases convenience.

Restraining Factors

The U.S. market for leather and fur products is subject to restraints posed by increasing ethical issues, strict regulations, high production costs, and competition from man-made substitutes. Consumer preference for vegan and cruelty-free products also affects demand.

Market Segmentation

The U.S. leather and fur products market share is classified into product.

• The women’s leather handbags segment accounted for the largest share of the US Leather and Fur Products market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

On the basis of product, the United States leather and fur products market is divided into leather luggage, women’s leather handbags, leather personal goods, leather & fur apparel, and others. Among these, the women’s leather handbags segment accounted for the largest share of the United States leather and fur products market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is because of strong consumer demand for luxury, designer, and regular fashion handbags. Premium brands, increases in disposable income, and changing fashion trends fuel steady sales, and handbags are a leading segment in the market.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the USA leather and fur products market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LVMH
• Kering
• COACH
• VF Corporation
• RIMOWA
• Samsonite IP Holdings S.a r.l.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2024, RIMOWA introduced its Distinct Collection with a high-end series of luggage that combines premium leather details with its iconic aluminum constructions. Its design is geared towards contemporary travellers who value strength and aesthetics with state-of-the-art materials that boost functionality. Including high-grade leather gives a touch of elegance and keeps the product functional and aesthetically pleasing.

Market Segment

This study forecasts revenue at the USA, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the US leather and fur products market based on the below-mentioned segments:

United States Leather and Fur Products Market, By Product

• Leather Luggage
• Women’s Leather Handbags
• Leather Personal Goods
• Leather & Fur Apparel
• Others