Bag and baggage: Import competition will hamper industry recovery

The Leather Good & Luggage Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
Annual Growth

Industry Threats & Opportunities

  • Imports from low-cost suppliers pose a competitive threat to the industry
  • The industry’s average profit margin is anticipated to rise over the period
  • As the cost of operating in China rises, more companies are considering reshoring manufacturing

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    Industry Analysis & Industry Trends

    The Leather Good and Luggage Manufacturing industry is undergoing a transition period. After years of offshoring and outsourcing, some industry operators are considering bringing production back to the United States to avoid rising prices in China and high overhead costs associated with manufacturing abroad. Reshoring would also result in shorter turnaround time between production and sales, as well as greater control over manufacturing operations. However, large players, and some players that serve niche markets, are replacing other struggling operators that are no longer able to survive profitably in this industry. Consequently, the true impact of reshoring remains uncertain, but IBISWorld expects the effects of reshoring to become more evident over the next five years...

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    Industry Report - Industry SWOT Analysis Chapter

    The Leather Good and Luggage Manufacturing industry is in the decline phase of its life cycle. Industry value added (the measure of this industry's contribution to the US economy) is expected to decline an annualized 0.5% over the 10 years to 2022. In contrast, GDP is forecast to grow an annualized 2.1% over the same period. The industry experiences intense competition from imports, with many companies sourcing accessories from countries with lower production costs. Imports are expected to satisfy an overwhelming share of domestic demand over the 10-year period, rising slightly from 94.0% in 2012 to an estimated 94.1% in 2022. The shift from local production to offshored manufacturing is expected to drive the industry's decline over the 10-year period.


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    Additional Insights for the Leather Good & Luggage Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Leather Good & Luggage Manufacturing Industry are

  • Economies of scale
  • Establishment of export markets
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Trade-weighted index in the Leather Good & Luggage Manufacturing industry impact industry performance..

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    Industry Products

    What is the Leather Good & Luggage Manufacturing Industry?

    Operators in this industry primarily manufacture clothing accessories, including belts, hats, luggage, handbags, wallets and various other leather and nonleather goods and accessories.

    Industry Products
    Women's handbags and purses
    Luggage (including suitcases, travel bags, backpacks, etc.)
    Pet accessories
    Personal leather goods (excluding women's handbags and purses)
    Men's and boys' neckwear
    Hat bodies and fabric caps
    Gloves and mittens
    Industry Activities
    Manufacturing luggage pieces
    Manufacturing and designing handbags
    Manufacturing neckties
    Manufacturing hats, caps and other headwear
    Manufacturing and designing belts and other leather goods

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • Trade-weighted index
  • Demand from clothing and clothing accessories stores
  • Demand from handbag, luggage and accessory stores
  • Price of leather

  • Current Performance
  • Import penetration
  • Profit and participation
  • Consumer sentiment
  • Operating conditions
  • Chart: Revenue Growth

  • Industry Outlook
  • Reshoring: causes, processes and potential results
  • International trade and profitability
  • Table: Leather Good & Luggage Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Leather Good & Luggage Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Men's & Boys' Apparel Wholesaling
  • Women's & Children's Apparel Wholesaling
  • Men's Clothing Stores
  • Women's Clothing Stores
  • Department Stores
  • Warehouse Clubs & Supercenters
  • Handbag, Luggage & Accessory Stores

  • Key Selling Industries
  • Leather Tanning & Finishing
  • Plastic & Resin Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Textile Mills

  • Products & Services
  • Other
  • Luggage (including suitcases, travel bags, backpacks, etc.)
  • Women's handbags and purses
  • Men's and boys' neckwear
  • Pet accessories
  • Hat bodies and fabric caps
  • Personal leather goods (excluding women's handbags and purses)
  • Gloves and mittens
  • Chart: Leather Good & Luggage Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Retailers
  • Other
  • Manufacturers
  • Chart: Major Market Segmentation for the Leather Good & Luggage Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Rent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Leather Good & Luggage Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Leather Good & Luggage Manufacturing Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Leather Good & Luggage Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Leather Good & Luggage Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-weighted index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsourcing
  • To procure goods or services under contract with an outside supplier.
  • Saddlery
  • Equipment for horses, typically made of leather.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Leather Good & Luggage Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Leather Good & Luggage Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Leather Good & Luggage Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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