Global Leather Tanning Market Status: Sales Revenue is $27.96 billion in 2024

Global Leather Tanning Market Overview

According to Global Market Monitor, the global leather tanning market size will be $27.96 billion in 2024 with a CAGR of 2.39% from 2024 to 2029.

Regional Market

In recent years, due to the development of the leather industry and the increasing use of leather in the manufacture of footwear and clothing (such as jackets, and gloves), the Asia-Pacific region has occupied an important share of the global leather tanning and finishing market. In addition, with the growth of personal disposable income in emerging economies such as China, India, Indonesia, and other Southeast Asian economies, the increase in consumer purchasing power, and the improvement of infrastructure, it is expected that the demand for luxury leather products will increase in the next few years. The significant increase in demand for leather will also promote the growth of the leather tanning and finishing market in the region.

The luxury leather products market is so profitable that many brands have flooded into the leather market. Nowadays, almost every luxury brand in LVMH, Kering, and Richemont sells leather products. The global market has an increasing demand for high-end leather. In order to keep up with demand, luxury brands have been trying to bundle the best leather. Luxury goods promote leather sales and will also be a driving factor for the growth of the leather tanning and finishing industry.

Market Drivers

The increase in personal income per capita, the increase in consumer affluence, and the growth of tourism are some of the key reasons, which have led to an increase in the demand for leather products on the market. Fast-changing fashion trends and increased consumer awareness of various leather products have further increased the demand for leather products in the market. Regular product innovations and constantly changing design models have triggered demand for leather products in the market. The growing trend of buying various leather products will help promote the growth of the leather tanning and finishing market.

For the global leather industry, the main driving force of the demand market is the increasing demand for leather clothing and shoes, which has increased the adoption of leather. The increase in market demand for leather has promoted the growth of the leather tanning and finishing industry. The shoe industry has been developing healthily. With the increase in the population, the demand for shoemaking is expected to increase. In addition, in the manufacture of leather rain jackets, motorcycle jackets, and casual wear leather jackets, the demand for leather is increasing. With the increasing popularity of leather garments, the demand for leather tanning and finishing industries will increase.

Another important growth driver is the expanding automotive industry, which makes extensive use of leather for automotive interiors. Leather seats and interiors are considered premium features, and they are in rising demand in both luxury and mid-range cars. The growing trend of electric and autonomous vehicles is also expected to drive the demand for high-quality, sustainable leather. As automakers seek to improve the interior beauty and comfort of vehicles, the leather tanning industry is likely to benefit from increased orders and increased profit margins.

Drivers	Increased demand for leather garments and shoes enhances market prospects.
	Luxury goods drive leather sales.
	Increasing personal income per capita increases the adoption of leather products.
Challenges	The external environment of the leather industry is very severe.
	The overall operation of the leather industry is relatively stable, but the overall price declines.
	Increase in leather substitutes and increase in leather production costs.

For more industry information, please refer to our latest released "2023 Global Leather Tanning Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".