The U.S. leather and fur products market size is estimated to rise to USD 19.77 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 5.3% during the forecast period. Proactive marketing initiatives by established brands in the country coupled with changing fashion trends are expected to boost market growth over the forecast period.
Leather and fur are used for manufacturing a myriad of different products including women’s handbags, traveler bags, personal goods, and apparels, among others. Recent comeback of fur and leather products in popular fashion in urban areas has been a prime factor for steady rise in the demand. In addition, leather and fur product manufacturers have been focusing on providing enhanced shopping experiences and holding marketing campaigns, which is likely to further bolster the growth of the market.
However, the market faces two major challenges in its long-term sustainability, which includes consumer and environmental backlash for the use of animal-derived products and internal competition from products made from artificial leather and faux fur. To address these challenges, major vendors in the market are focusing on partnerships with their contemporaries. Consumer purchasing preferences are anticipated to largely influence the dynamics of the market.
The leather and fur products market in the U.S. is marked by presence of numerous well-known and established brands. While many of these players are large multinational companies, some vendors provide niche products, which has resulted in a highly fragmented marketplace.
Full Research Report On U.S. Leather and Fur Products Market Analysis:
Further key findings from the study suggest:
View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the U.S. leather and fur products market based on product:
Leather & Fur Product Outlook (Revenue, USD Billion,2014 – 2025)
Access Full Press Release Of This Report By Grand View Research: https://www.grandviewresearch.com/press-release/us-leather-fur-products-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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