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Leather Good & Luggage Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Leather Good & Luggage Manufacturing Market Research Report | NAICS 31691 | Aug 2016

Bag and baggage: Import competition will hamper industry recovery

IBISWorld’s Leather Good & Luggage Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Imports from low-cost suppliers pose a competitive threat to the industry
  • As consumer sentiment fell, industry revenue suffered
  • As the cost of operating in China rises, more companies are considering reshoring manufacturing
  • ... purchase to read more

Industry Analysis & Industry Trends

The Leather Good and Luggage Manufacturing industry is going through a transition period. Although reshoring manufacturing is an emerging phenomenon and manufacturing competitiveness of the United States has improved, this industry has suffered enormously over the past five years. Uncertain economic conditions, exchange rate dynamics and competition from inexpensive Chinese imports and high-quality European brands have kept this industry from recovering from the recession. Much of the industry's operations have already moved to low-cost foreign countries, meaning that the remaining operations will increasingly produce high-value products... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry is considered to have a low level of concentration. The four largest companies are expected to account for less than 10.0% of revenue. Industry concentration has dropped dramatically during the past few years because major players have completely discontinued manufacturing operations in the United States. This includes companies such as Coach Inc., which now source all of its products from low-cost countries. In the United States, Coach now operates as a designer, marketer and distributor. This low concentration reflects a fragmented market that mainly comprises a few medium-sized manufacturers and a large number of small-scale participants. How.. ... purchase to read more

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... purchase to read more


    Industry ProductsRelated Reports

    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 pursesLuggage (including suitcases, travel bags, backpacks, etc.)Pet accessoriesPersonal leather goods (excluding women's handbags and purses)Men's and boys' neckwearHat bodies and fabric capsGloves and mittens
    Industry Activities
    Manufacturing luggage piecesManufacturing and designing handbagsManufacturing necktiesManufacturing hats, caps and other headwearManufacturing 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 handbag, luggage and accessory stores
  • Demand from clothing and clothing accessories stores
  • Price of leather
  • World price of cotton
  • Current Performance
  • Import penetration
  • Consumer sentiment
  • Operating conditions
  • Chart: Revenue Growth
  • Industry Outlook
  • Reshoring - causes, processes and results
  • International trade
  • 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
  • Clothing and accessory stores
  • Others
  • Manufacturers
  • Luggage and leather goods stores
  • 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
  • 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
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Trade-weighted index (2007-2021)
  • 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 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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