Global estimates of leather revenues

17 February 2014

In light of new research conducted by, it's estimated that the global luggage and leather goods market is expected to generate total revenues of a staggering $74 trillion in 2012, which represents a compound annual growth rate (CAGR) of 2.9% between 2008 and 2012.
The bags, wallets and purses segment is expected to be the market's most lucrative in 2012, with total revenues of $45.6 trillion, or an equivalent to 61.3% of the market's overall value.
In addition, the performance of the market is forecast to accelerate, with an anticipated CAGR of 6.8% for the five-year period between 2012 - 2017, which is projected to drive the market to a value of $103.5 Trillion by the end of 2017.

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