The luxury leather goods market - France

Leather goods refers to the industry of preparing fine leather and producing articles with this same leather, whether they are bags, gloves, belts, or other fashion items. While it is easy to name some of the houses that belong to the world of luxury, it is much less easy to draw a clear line between leather goods as a whole and the so-called luxury leather goods. According to a a report from the National Leather Council, the leather goods sector as a whole generated a turnover of 3.236 billion Euros in France in 2017, for a sector that includes 448 companies and employs nearly 21,000 people in France. Moreover, according to Mazars,"made in France" would be particularly sought after in a global luxury leather goods market that grew by 70% between 2003 and 2012. The luxury leather goods market remains dominated by the main luxury brands, leaving little room for new entrants. The numerous takeovers testify to the growing concentration of the market. The main source of growth in the market remains China and its upper-middle class with strong purchasing power.