Market Share of Europe Leather Goods Industry
The leather goods market is highly competitive in the organized sector. The companies like Kering SA, LVMH, Chanel SA, Prada, and Hermès International SA are the most active among all the key players in the market. The major companies increasing their product line and expanding their presence in the European region. Expansion is the strategy preferred by companies to strengthen their leather goods market dominance. Major players are constantly trying to expand their production facilities or retail outlets to accommodate the growing demand, launch new designs, and strengthen their strategies for market development. For instance, in October 2022, Prada launched the new leather bag Supernova Handbags. New Supernova handbags include SLGs and leather purses made of smooth, brushed leather.
Europe Leather Goods Market Leaders
LVMH
Kering SA
Hermès International S.A.
Chanel SA
Prada
*Disclaimer: Major Players sorted in no particular order
