Elegance Woven In Leather

The market of leather goods in India is on the rise with internal demand coupled with export market opening up to Indian companies. The sector with products including shoes, bags, belts and other accessories has received a boost in the recent past. This growth is due to increasing middle class in India and the increasing disposable income of the population. There is an inclination towards purchasing premium and fashion related leather products. Also, the trend towards the purchase of long-lasting and high-quality products is driving the market to higher levels of differentiation.

The export sector is also the key driver of the leather goods market growth at the same time. India ranks among the largest international exporters of leather products and its major markets are European Union, United States and Japan. The strengths include the strong raw material base and skilled labour force which enable the production of quality leather products at reasonable price. Other factors are the government policies that are also strengthening the industry. These programs seek to improve the physical facilities, funding and innovation of the sector. Further attempts to upgrade and increase production potential remain as the major factors for sustaining the growth rate. In addition, through the growth of the e-commerce platforms, the market for leather goods has been altered greatly. Online retailing offers the manufacturer and retailers a wider market coverage and hence the ability to access new markets and new customers. This digital transformation is now influencing the consumers’ buying behavior and is opening up new markets.

In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this special issue.