The leather and allied products establishments are engaged in tanning or curing of hide into leather and using it in the manufacture of footwear, handbags, purse and other leather products. It also includes the manufacture of similar products with substitute materials such as plastics, rubber or textiles.
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The leather and allied products market is valued at nearly $532 billion in 2017 due to the usage of big data by leather manufacturers to keep a track of internal and external costs, efficiencies of resources and to monitor carbon emissions and waste discharge.
The leather and allied products market in The Business Research Company’s report is segmented into leather footwear, non-leather footwear, leather luggage, hand bags and other goods, non-leather luggage, hand bags and other goods and leather tanning. While the first two segments account for three-fourth of the market share, the remaining is attributed to the leather luggage, hand bags and other goods, non-leather luggage, hand bags and other goods and leather tanning segments.
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The USA was the largest country in the leather and allied products market in 2017, accounting for more than one-fifth of the market share. This was mainly due to high demand for leather products such as footwear, bags and wallets. USA was followed by China and India as the next largest countries in the market.
NIKE Inc. was the largest company in the leather and allied products market, followed by Gap Inc. and Christian Dior SE. NIKE Inc. was incorporated in 1967 and is headquartered in Beaverton, Oregon, US. It operates through four divisions i.e. footwear, apparel, equipment and other.
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