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Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-C151 March 2024 Factsheet

Revenue

€122.3m

2019-2024 23.8 %
2024-2029 X.X %

Employees

139

2019-2024 5.7 %
2024-2029 X.X %

Businesses

58

2019-2024 6.5 %
2024-2029 X.X %

Wages

€X.Xm

2019-2024 X.X %
2024-2029 X.X %

Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#19 In Europe
Business
#27 In Europe
Employees
#29 In Europe
Wages
#24 In Europe

View industry report for Europe

Europe is an established leader in the production of leather and leather goods. Products made in Europe boast a reputation of having very high quality and durability, coupled with a degree of craftsmanship. Italy, France and Spain are leading nations in the production of leather and leather goods for the fashion sector. Renowned European brands, including Hermès and Louis Vuitton, offer luxury leather items which are highly sought after and command a higher price, boosting revenue and profit. However, leather producers have also faced challenges because of the shift in consumers' behaviour towards synthetic, vegan, or faux leather. The COVID-19 outbreak and severe inflationary pressures have also weakened demand. Revenue is expected to contract at a compound annual rate of 7.5% to €29.9 billion over the five years through 2024, including a 3.2% drop in 2024.

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Enterprises
Number of businesses in 2024

Biggest companies in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
LVMH Moët Hennessy Louis Vuitton SA
97,285.5
27,548.4
28.3
Hermes International SAC
15,032.6
6,383.9
42.5
Prada Group SpA
6,028.9
0.0
0.0

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Top Questions Answered in this Report

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What is the market size of the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium in 2024?

The market size of the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium is €122.3m in 2024.

How many businesses are there in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry in 2024?

There are 58 businesses in the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium, which has declined at a CAGR of 6.5 % between 2019 and 2024.

Has the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium grown or declined over the past 5 years?

The market size of the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium has been growing at a CAGR of 23.8 % between 2019 and 2024.

What is the forecast growth of the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium over the next 5 years?

Over the next five years, the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium is expected to decline.

What are the biggest companies in the Leather & Fur Processing & Handbag & Harness Manufacturing market in Belgium?

The biggest companies operating in the Leather & Fur Processing & Handbag & Harness Manufacturing market in Belgium are LVMH Moët Hennessy Louis Vuitton SA, Hermes International SAC and Prada Group SpA

What does the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium include?

Handbags and Leather of bovine animals are part of the Leather & Fur Processing & Handbag & Harness Manufacturing industry.

Which companies have the highest market share in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium?

The company holding the most market share in Belgium is LVMH Moët Hennessy Louis Vuitton SA.

How competitive is the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium?

The level of competition is moderate and steady in the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The industry is involved in the tanning, dyeing and finishing of hides, skins and fur for processing in other industries, as well as the production of various finished leather goods, including suitcases, bags and saddlery.

Related Terms

TanningSaddleryFinishingRawhides

What's included in this industry?

HandbagsLeather of bovine animalsTanned furskins or skinsLeather of other animalsPatent leatherSuitcases and briefcasesSaddlery and harnessOther leather articles and goods

Companies

LVMH Moët Hennessy Louis Vuitton SAHermes International SACPrada Group SpA

Industry Code

ISIC 2006

151 - Tanning and dressing of leather; manufacture of luggage, handbags, saddlery and harness; dressing and dyeing of fur in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry?


Outlook

Analysis

What's driving the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Europe's auto industry impacts demand for leather significantly. Shifts in car manufacturing and the growing preference for luxury interiors drive this demand.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry's products and services performing?

Analysis

What are innovations in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

High-quality craftsmanship and branding drive market share concentration. Successful leather and fur goods manufacturers leverage an established brand's reputation and their ability to produce high-quality products to gain a competitive edge.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Europe's Leather industry heavily prioritises sustainable and ethical practices. This is primarily due to heavy regulations, like REACH, and policies aimed at environmental protection and animal welfare, impacting every stage of manufacturing.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

COVID-19 and rising costs hurt profit for leather goods manufacturers. The pandemic disrupted supply chains and recent inflation drove up production costs, forcing companies to pass costs to customers to maintain profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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