Buy the full study
Summary of our market study
The French leather goods market exceeds €3.5 billion.
The global leather goods market, in particular the luxury segment, has faced significant challenges due to the impact of the COVID-19 pandemic, with the number of tourists to France expected to drop by more than 50% by 2020. Since then, demand for high-end leather accessories and the fashion industry has been booming.
Asian buyers are showing a marked appetite for leather goods. Sales in the Asia-Pacific region account for over 40% of the global market share.
Counterfeiting is a major problem for the leather goods industry.
The market is characterized by a heavy reliance on subcontracting, with some luxury brands outsourcing a significant proportion of their production.
The industry follows strict regulations in the EU aimed at protecting consumers and environmental practices, with specific standards for labeling and production (decree of November 23, 2017).
trends in the French leather goods market
The market encompasses a range of high-end products, including leather bags, wallets and belts.
The French leather goods market, renowned for its fine craftsmanship and luxury segment, is growing and responding to robust international demand, particularly in the Asia-Pacific region.
Exports total over €7 billion and are growing at an annual rate of almost 8%. Hong Kong and Singapore are major importers of French luxury leather goods. Industry exports
Sales of luxury leather goods in France are mainly concentrated around three major players, LVMH, Hermes International and Kering, who dominate the market.
Digital sales channels are gaining ground, with internet sales accounting for 12.3% of total sales.
Trends towards sustainability and ethical consumerism are beginning to reshape market dynamics. A significant proportion of the French population now considers a brand's commitment to sustainable practices to be a determining factor in their purchasing decisions.
This trend is prompting brands to reconsider their manufacturing processes and product ranges, integrating more environmentally-friendly, non-animal-derived materials.
Despite these challenges, the "Made in France" label continues to reinforce the reputation of French leather goods beyond the luxury sector. It is perceived, particularly in relation to its global counterparts, as a guarantee of quality.
Three groups dominate the French luxury leather goods market: LVMH, Hermès and Kering
- LVMH Moët Hennessy Louis Vuitton, often referred to simply as LVMH, represents a colossal force, with a range of luxury brands, Louis Vuitton, Céline, Christian Dior and Loewe.
- Hermès is renowned for its understated elegance and time-honored craftsmanship. Its iconic Birkin and Kelly bags are coveted status symbols.
- Kering, has risen to prominence with its own impressive list of luxury brands, bringing to the market a diverse mix of heritage and modernity ,Gucci, Bottega Veneta, Yves Saint Laurent.
to understand this market
Detailed content of our market study
Inforamtion
- Number of pages : ~ 40 pages
- Format : Digital and PDF versions
- Last update :
Summary and extracts
1 Market overview
1.1 Definition and scope of the study
Leather goods include the manufacture and distribution of small, fine leather goods, generally in the luxury sector. This includes leather bags, wallets, bracelets, belts, saddlery and car accessories, for example, but excludes glove-making and shoe-making.
France excels in this sector of high value-added activities requiring a skilled workforce. Its companies, major international luxury groups, export the "made in France " brand image to perfection, particularly in Asia where demand has been growing for several years.
But leather goods figures are also growing within France, boosted by a flourishing tourism industry after a drop in 2016, as well as a favorable economic context for individuals.
The leather goods industry is thus evolving in a high competitive environment, where fashion effects are obviously present; it is therefore appropriate for companies present in the market to adapt as finely as possible to demand, especially for new players who must build a brand image.Finally, the leather industry in general is threatened by a growing environmental and animal awareness of the population, favoring alternative products that are more environmentally friendly and of vegetable or synthetic origin.
The COVID-19 health crisis has drastically reduced activity in the luxury sector, and therefore in the leather goods segment. Indeed, as a large part of the activity is determined by external demand and the arrival of tourists in France, the leather goods sector has suffered an overall drop in sales.
List of charts presented in this market study
- Market share of leading luxury leather brands
- Projected leather sales
- Total billings of French leather goods manufacturers
- Foreign trade in leather goods
- Main customer markets for French leather goods manufacturers
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Latest news
Chanel seeks new impetus with the departure of its artistic director - 06/06/2024
- - The Chanel group employs over 36,500 people worldwide.
- - Chanel sales 19.7 billion dollars in 2023
- - Chanel sales rose by +15.8%.
- - In the United States, Chanel sales rose by less than 3% to $3.9 billion.
- - In Asia, Chanel sales rose strongly by 17.7% to $8.4 billion.
- - Chanel's distribution network has doubled over the last five years.
Luxury: Chanel on the right track - 22/05/2024
- - Chanel 2023 annual sales: $19.7 billion (approx. €18.2 billion), an increase of 14.6%.
- - Workforce: 36,500 employees.
- - Number of Chanel boutiques worldwide: over 600.
- - Sales in Asia: $8.4 billion, up 17.7%.
- - Sales in Europe: $4.7 billion.
- - Sales in the United States: $3.9 billion, with growth of less than 3%.
- - Number of Chanel stores in mainland China: 18.
Chanel investe ancora in Italia: nuova giunteria per Gensi Group - 29/02/2024
1. **Investimento Chanel nel Calzaturificio Gensi Group**: - Inaugurazione di un nuovo reparto di giunteria di 3.000 metri quadrati nel sito produttivo di Mosciano Sant'Angelo (Teramo). - Attivazione di 4 nuove linee di produzione da 70 metri ciascuna. - Attualmente, 6 linee di produzione sono in funzione, con un piano di raddoppio nei prossimi 3 anni attraverso l'inserimento di nuove risorse professionali. 2. **Iniziative Aziendali per la Sostenibilità**: - Formazione di 3 gruppi di lavoro dedicati alla sostenibilità ambientale dell'azienda un anno fa. - Riduzione dei consumi energetici e degli scarti di lavorazione. - Avanzamenti nel riciclo e riuso. - Avvio dell'istituto interno di formazione "M'Astri Nascenti" in collaborazione con Arsutoria School, con 60 persone formate fino ad oggi. 3. **Forza Lavoro e Piani di Assunzione**: - Attualmente, l'azienda ha oltre 660 collaboratori, dei quali oltre 120 sono orlatrici. - Sono previste nuove assunzioni per aumentare ulteriormente la forza lavoro. 4. **Produzione Chanel e Supply Chain Italiana**: - Le calzature Chanel sono progettate in Francia ma prodotte in Italia. - Aziende italiane controllate da Chanel implicate nella produzione: Roveda di Parabiago (acquisita nel 1999), Gensi di Giulianova (acquisita nel 2015), e Ballin Shoes (acquisita nel 2020).
Hermès continues to raise prices - 09/02/2024
- - Hermès sales in 2023 will be 13.4 billion euros, up 16% on the previous year and 21% at constant exchange rates.
- - Net income is up 28% to 4.3 billion euros.
- - Hermès has a market value of 231 billion euros.
- - Hermès has increased its prices by 8 to 9% in 2023.
- - 22,000 Hermès employees worldwide.
- - More than 60% of new jobs created in France, where Hermès manufactures three quarters of its products.
Delsey joins forces with Benetton and Jeep - 03/10/2023
- Samsonite is identified as Delsey's main competitor.
- Delsey recently signed two five-year licensing agreements with Benetton and Jeep.
- Delsey already teamed up with Peugeot in January to develop a line of premium suitcases and bags.
- Licensing revenues could account for up to 45% of Delsey's sales.
- 50% of customers were unaware that Delsey was a French company.
- Delsey still generates 20% of its business in France.
- Delsey's sales forecast for 2023 is 250 million euros, an increase of 20.7% in one year.
Chanel creates "La Parcelle", a new green and artistic space - 14/09/2023
- Le 19M, the space dedicated to Chanel's métiers d'arts, was inaugurated in 2021.
- Le 19M brings together 600 craftsmen and experts in eleven Maisons d'arts.
Companies quoted in this study
This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
the leather goods market | France
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What is the positioning of companies in the value chain?
- Data from several dozen databases
Pack 5 études (-15%) France
- 5 études au prix de 75,6€HT par étude à choisir parmi nos 800 titres sur le catalogue France pendant 12 mois
- Conservez -15% sur les études supplémentaires achetées
- Choisissez le remboursement des crédits non consommés au terme des 12 mois (durée du pack)
Consultez les conditions du pack et de remboursement des crédits non consommés.
Our customer references
They have consulted our studies
Discover the opinions (+500)
Malcolm Vincent
Astoria Finance
Gregoire de Castelnau
Stags Participations
Timothé Huignard
PWC
Paul-Alexis Kebabtchieff
BCG
Aymeric Granet
Publicis Consultant
interviews & case studies
All interviews and case studies (45)
