Australia Leather Goods Market Overview, 2028

Australian leather tanneries are known for their sustainable and ethical practises. Many use renewable energy sources, and the industry is heavily regulated to ensure the welfare of animals and workers. Some Australian leather manufacturers are experimenting with alternative materials such as pineapple leaves, mushrooms, and recycled materials to create more sustainable products. The use of crocodile leather in luxury goods such as handbags, wallets, and belts is also a significant industry in Australia. The Australian saltwater crocodile is one of the world's largest crocodile species, and its leather is highly sought-after for its unique texture and durability. Also, the kangaroo leather industry is unique to Australia and is highly regulated. Kangaroo leather is known for its strength, durability, and lightweight, making it popular for use in sporting goods such as football boots and gloves. The Australian leather industry is a significant contributor to the country's economy, with a reputation for producing high-quality, sustainable, and ethical products. The industry continues to innovate, with companies experimenting with new materials and manufacturing processes to create more sustainable and environmentally friendly products. According to the research report "Australia Leather Goods Market Overview, 2028," published by Bonafide Research, the Australia Leather Goods market is expected to grow at a CAGR of above 8% from 2023 to 2028. Customers are becoming more concerned about the ethical standards and environmental effects of the things they purchase. The demand for Australian leather items is being fueled by the industry's solid reputation for ethics and sustainability. The trend towards customization in the fashion industry is driving demand for personalised products. Leather goods manufacturers can capitalise on this trend by offering customised products such as personalised monograms or custom designs. Based on the report, the leather types include genuine leather and synthetic leather. In Australia, genuine leather is dominating the leather market. In Australia, genuine leather holds the largest market share. Genuine leather is a durable and long-lasting material, making it a popular choice for products such as shoes, bags, and furniture. Genuine leather is often associated with prestige and luxury, which has contributed to its popularity among consumers who want to make a statement with their fashion choices. Based on the product types, they include footwear, handbags, small leather goods and accessories, apparel, home decor and furnishing, pet accessories, automotive accessories, luggage, and bags. In Australia, footwear is dominating the leather goods market. Chunky soles and platform shoes have become increasingly popular in recent years, particularly among younger consumers. These styles add height and provide a bold fashion statement, making them a popular choice in the Australian market. Classic and minimalist designs are a timeless trend in leather footwear. These designs are popular among consumers who value versatility and longevity in their footwear choices. Australian leather footwear manufacturers are producing high-quality, well-crafted products that cater to this market. Bold colours and patterns are a popular trend in leather footwear, particularly in the summer months. Bright colours and eye-catching patterns add a fun and playful element to footwear choices, making them a popular choice among consumers. In the future, the handbag industry will grow at the highest CAGR rate.

The Australian government has implemented restrictions on the leather market in order to protect the country's unique wildlife and environment. These restrictions include The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is an international agreement between governments that regulates the trade of endangered species. Australia is a signatory to CITES and has implemented regulations that restrict the trade of certain species, including crocodiles and kangaroos, which are commonly used in the leather industry. The Australian government regulates the import and export of goods, including leather products. Import and export regulations can impact the leather industry by limiting the trade of certain products or restricting access to certain markets. There has been some recent news related to the leather industry in Australia. Australian leather manufacturer Tasman Leather Group won the Gold Award for Best Leather in the "nappa" category at the 2021 Lineapelle Awards in Milan, Italy. The award recognises the company's commitment to sustainability and quality. The Australian Government has invested AUD 2.8 million in a project to develop new leather innovations, including the use of 3D printing technology to create custom leather products and the development of a sustainable leather tanning process. Based on the distribution channel, it includes specialty stores, supermarkets and hypermarkets, brand outlets, online stores, and others. In Australia, specialty stores are leading the leather goods market; they cover the highest market share in the country. Some of the top specialty stores available in the country are R.M. Williams, Oroton, The Daily Edited, Aussie Bush Leather, and Leather Cargo. In the future, online stores will grow at the highest CAGR rate. Some of the top online stores are Iconic, ASOS, David Jones, and Myer. Considered in this report • Geography: Australia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Manmayi Raval

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Aspects covered in this report • Australia Leather Goods market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Genuine Leather • Synthetic Leather By Product • Footwear • Handbags • Small Leather Goods/ Accessories • Apparel • Home Décor and Furnishing • Pet Accessories • Automotive Accessories • Luggage & bags

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By Distribution Channel • Speciality Store • Supermarkets and Hypermarkets • Brand Outlets • Online Stores • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Leather Goods industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.