U.S. Bovine Leather Goods Market Update 2024 : Projected to Exhibit USD 14,480 Million Revenue by 2023, Claims AMR

The U.S. bovine leather goods market is expected to reach $14,480 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023.

WILMINGTON, DE, UNITED STATES, November 25, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, U.S. Bovine Leather Goods Market by Type, and End User: Opportunity Analysis and Industry Forecast, 2017-2023, the U.S. bovine leather goods market was valued at $10,931 million in 2016, and is expected to reach $14,480 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023. The medium leather goods segment is anticipated to dominate the market throughout the analysis period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐫𝐞𝐩𝐨𝐫𝐭 𝐬𝐚𝐦𝐩𝐥𝐞 𝐭𝐨 𝐠𝐚𝐢𝐧 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/4533

Bovine leather is widely used in the fashion and automotive industries due to its strength, durability, and comfort. It regulates temperature, retains warmth in cold weather conditions, and provides cooling through ventilation in hot conditions. It is considered as one of the heaviest leathers, which makes it durable and provides a pebble grain appearance.

The U.S. bovine leather goods market is driven by the growing preference for durable, stylish, and high quality leather products, owing to increasing disposable income and improving lifestyle of the populace. Moreover, changing fashion trends, increasing female working population, and growing domestic & international tourism are boosting the market growth.

The medium leather goods segment comprising leather shoes, handbags, shoulder bags and other cases is projected to be the major revenue contributor in the U.S. bovine leather goods market. The segment constitutes over 40% of the U.S bovine leather goods market revenue. Leather shoes category is anticipated to be the largest revenue generator in the medium leather goods market in 2016, constituting around 44% of the medium leather goods market size. Small/fancy leather goods have been gaining huge traction among the U.S. population, owing to the increasing demand for leather accessories such as wallets, purse, belts, and others. Within the heavy leather goods market, upholstery held the largest market share in 2016 owing to its widespread application among commercial as well as residential sector.

By usage, market is segmented into general goods, footwear, automotive, and others. The general goods segment is expected to grow faster than other segments, registering a CAGR of 4.5% from 2017 to 2023.

Key Findings of the U.S. Bovine Leather Goods Market:
The medium leather goods segment is projected to lead the U.S bovine leather goods market throughout the analysis period Also, it is anticipated to grow at the highest CAGR during the forecast period (2017-2023).
Small/fancy leather goods segment is estimated to be the second fastest growing segment, accounting for around 25% of the bovine leather goods market revenue by 2023
Lucrative product categories include handbags, expected to exhibit highest CAGR within the medium leather goods market; and purse within the small/fancy leather goods market.

𝐅𝐨𝐫 𝐚𝐧𝐲 𝐐𝐮𝐞𝐫𝐢𝐞𝐬 𝐋𝐢𝐧𝐤𝐞𝐝 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐀𝐬𝐤 𝐚𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/4533

The key market players profiled in the report are
Horween Leather Company
Circa of America, LLC
Rancourt & Co. Shoecrafters
Russell Moccasin Co.
Caleres, Inc. (Allen Edmonds Corporation)
Hermes International S.A.
Jack Georges
American Saddlery Inc.
Garrett Leather Corp

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
𝐁𝐨𝐚𝐫𝐝 𝐒𝐩𝐨𝐫𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/board-sports-market
𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐎𝐯𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/commercial-oven-market
Tanner Goods Inc.

David Correa
Allied Market Research
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