The U.S. bovine leather goods market was valued at $10,931 million in 2016, and is expected to reach $14,480 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023. Bovine leather is widely used in the U.S. leather goods market due to its characteristic property of being extremely soft, which makes it easy to work with. Increase in cattle population in the U.S. has made it easier for hide producers to boost the production of raw animal hide. As a result, the market share of bovine leather goods has increased. Bovine leather goods constitute around 65% of the total U.S leather goods market.

Changing fashion trends and awareness of luxury products, innovative designs, and growing economy of the U.S. are the key driving factors of the U.S. bovine leather goods market. Additionally, constant innovations in leather goods due to technological advancements and increased focus on designs are the key driving factors of bovine leather goods industry.

The market is segmented based on type and usage. Based on type, the market is classified into small/fancy leather goods, medium leather goods, and heavy leather goods. Small/fancy leather goods market is further bifurcated into purse, wallets, belt, passport & key case, note case, accessories and others. Medium leather goods market is further bifurcated into leather shoes, handbags, shoulder bags, document & attache cases, and others. Heavy leather goods market is further bifurcated into saddlery, upholstery, holster, tooling & leathercraft, and automotive. The usage segment of the market are divided into general goods, footwear, automotive, and others.

The key players profiled in the U.S. bovine leather goods market include Horween Leather Company, Circa of America, LLC, Rancourt & Co. Shoecrafters, Russell Moccasin Co., Caleres, Inc. (Allen Edmonds Corporation), Hermes International S.A., Jack Georges, American Saddlery Inc., Garrett Leather Corp, and Tanner Goods Inc.

KEY BENEFITS

This study provides an in-depth analysis of the U.S. bovine leather goods market, in terms of value, to elucidate the imminent investment pockets.
A detailed impact analysis of the current trends of U.S. bovine leather goods market, and future estimations is provided to target the profitable sectors.
The drivers, restraints, and opportunities are analyzed to identify the prevailing market opportunities.
Porter's Five Forces analysis highlights the potency of suppliers and buyers in the competitive market to facilitate efficient business planning

KEY MARKET SEGMENTS

BY PRODUCT TYPE

Small/Fancy Leather Goods
Purse
Wallet
Belt
Passport & Key Case
Note case
Accessories & Others
Medium Leather Goods
Leather Shoes
Handbags
Shoulder Bags
Document & Attache Cases
Others
Heavy Leather Goods
Saddlery
Upholstery
Holster
Tooling & Leathercraft
Others

BY USAGE

General Goods
Footwear
Automotive
Others

MARKET PLAYERS IN VALUE CHAIN

Horween Leather Company
Circa of America, LLC
Rancourt & Co. Shoecrafters
Russell Moccasin Co.
Caleres, Inc. (Allen Edmonds Corporation)
Hermes International S.A.
Jack Georges
American Saddlery Inc.
Garrett Leather Corp
Tanner Goods Inc.

Other players in the value chain include (profiles not included in the report)

The Frye Company
Danner
Louis Vuitton
Christian Dior SE
Kering SA
Prada S.P.A.