Worldwide, leather is one of the most widely traded commodity. The demand for leather is largely derived by the fashion industry, especially footwear. Leather footwear market comprises of companies engaged in producing footwear made of leather material.
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The market was valued at $239 billion in 2017, and is expected to be driven by technological advances. Asia Pacific was the largest geographic region accounting for one-third of the market share. This can be attributed to high disposable income, thereby fueling the demand for leather products.
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The top five competitors in the market are Caleres, Adidas, Nike, Reebok, and Puma. Caleres was the biggest player in the leather footwear market. Caleres Inc. is an American footwear company that owns and operates a variety of footwear brands. It is headquartered in Clayton, Missouri.
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