United Arab Emirates (UAE) Leather Goods Market Overview, 2028

The market of Leather goods market in UAE is growing significantly. The demand for leather foods in the UAE is driven by increasing disposable income, and a strong fashion culture. In addition the UAE's status as a tourism and shopping destination attracts a large number of international visitors who are interested in buying luxury leather goods. Furthermore, the rapidly expanding fashion industry has greatly increased consumer demand for high-quality, premium, and luxury leather products. Customers value aesthetics and seek high-end products to create a fashion statement. Moreover an increasing number of High-Net-Worth is also propelling the market growth. Customization is becoming more popular among consumers, who are looking for unique and personalized products. One of the primary drivers is the increasing demand for high-quality, durable, and fashionable leather products. Furthermore, the advent of the latest technologies such as robotics and 3D printing is helping to produce trendy luxury leather goods in minimum time, which is beneficial for the growth of the leather goods market in UAE. According to the research report "UAE Leather Goods Market Overview, 2028," published by Bonafide Research, the UAE Leather Goods Market is anticipated to grow at a CAGR of 6.57% from 2023 to 2028. One of the main movers in the UAE's leather goods market is the fashion and apparel sector. Luxury leather goods are being produced by high-end fashion houses and designers and are quite popular with consumers. Many of these companies manufacture their high-quality leather goods using conventional methods and materials. The UAE market for leather goods also receives significant support from the furniture sector. Consumer demand for high-quality leather furniture is very high because leather is a popular upholstery material. Innovative and individualised leather goods are being produced using 3D printing technology. Using conventional manufacturing techniques, it would be challenging for designers to produce intricate and distinctive designs. Because it can cut down on waste and the need for extra materials, 3D printing is also more environmentally friendly. Automation is being used to simplify the production process and lower expenses. While automated stitching machines can produce more accurate and consistent stitching, automated cutting machines can cut leather more precisely and effectively than manual cutting.

Based on type the market is segmented into genuine leather and synthetic leather. The genuine leather holds the highest market share of the market and is dominating the market as well. The synthetic leather is expected to grow with highest CAGR. Synthetic leather is frequently more resilient and resistant to wear and tear than traditional leather. It is also simpler to clean and preserve, making it a popular choice for products such as bags, shoes, and coats. Furthermore, as consumers become more aware of the environmental impact of their purchasing decisions, there is a growing demand for eco-friendly products. Because it is produced without the use of animal hides, synthetic leather is often considered more sustainable than traditional leather. Synthetic leather is often less expensive than real leather, making it an appealing option for consumers seeking the look and feel of leather at a cheaper price point. Based on product, the market is divided into footwear, handbags, Small Leather Goods/ Accessories Apparel, Home Décor and Furnishing Pet Accessories, Automotive Accessories, luggage & bags. Among them the handbags is expected to grow with highest period during the anticipated period. High-quality leather handbags are known for their long-lasting functionality and durability. Consumers in the UAE are ready to invest in high-quality handbags constructed of high-quality materials and built to last for many years. Handbags are flexible accessories that may be used for everything from carrying everyday necessities to accessorising formal attire. This versatility has contributed to the continued appeal of handbags among consumers, resulting in a wide range of handbag styles and sizes on the market. Handbags are made to be practical, with various sections and pockets for storing and organising personal items. According to the research, the market is divided into speciality stores, supermarkets and hypermarkets, brand outlets, and online stores, depending on the distribution channel. The market is dominated by specialty stores, which have the largest market share. Specialty stores often specialise in one or two types of leather items, such as footwear, handbags, or jackets. This concentration enables them to establish a high level of product understanding, allowing them to provide professional advice and help to customers when making a purchase. Furthermore, compared to general retailers, specialty stores frequently offer a broader range of products within their category. Customers can then find exactly what they're seeking and explore new product possibilities within their sector of interest. Considered in this report • Geography: UAE • 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 • UAE 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.