Industry Statistics and Trends
Leather & Fur Processing & Handbag & Harness Manufacturing in Europe key trends
Europe dominates the production of high-quality leather goods.
With Italy, France and Spain leading the charge, the leather industry's prosperity is largely due to luxury demand from wealthier consumers worldwide and a coveted 'Made in Europe' status.
Leather producers are dealing with sustainability and animal rights issues.
By reducing waste, improving efficiency and potentially using alternate materials, manufacturers can respond to these growing challenges.
Tech advances are boosting efficiency in manufacturing.
By leveraging 3D printing and AI, leather and leather goods producers reduce waste, lower costs and offer more tailored products, staying competitive in the market.
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Leather & Fur Processing & Handbag & Harness Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Leather & Fur Processing & Handbag & Harness Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 7.5 % over the past five years, to reach an estimated €30.0bn in 2024.
Trends and Insights
Europe’s boasting a reputation for high-quality leather goods
- Europe is one of the largest and premier leather and leather goods producers, accounting for over 25% of the world's leather production, according to COTANCE.
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Leather & Fur Processing & Handbag & Harness Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Resilient demand for high-quality European leather will support revenue
- Anticipated improvement in economic conditions, including inflation reverting to historical average levels, will drive leather and leather goods demand from key downstream markets, including footwear and clothing producers and carmakers.
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Revenue
€30.0bn
Employees
222k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
LVMH Moët Hennessy Louis Vuitton SA | 97,285.5 | 27,548.4 | 28.3 | |
Hermes International SAC | 15,032.6 | 6,383.9 | 42.5 | |
Prada Group SpA | 6,028.9 | 0.0 | 0.0 |
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Leather & Fur Processing & Handbag & Harness Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe in 2024?
The market size of the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe is €30.0bn in 2024.
How many businesses are there in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry in 2024?
There are 23,401 businesses in the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe, which has grown at a CAGR of 1.3 % between 2019 and 2024.
Has the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe has been declining at a CAGR of 7.5 % between 2019 and 2024.
What is the forecast growth of the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe is expected to grow.
What does the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe include?
Handbags and Leather of bovine animals are part of the Leather & Fur Processing & Handbag & Harness Manufacturing industry.
Which countries have the most businesses in the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe?
The European country with the most businesses in the Leather & Fur Processing & Handbag & Harness Manufacturing industry is Italy.
How competitive is the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe?
The level of competition is high and steady in the Leather & Fur Processing & Handbag & Harness Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Leather & Fur Processing & Handbag & Harness Manufacturing in Austria
- Leather & Fur Processing & Handbag & Harness Manufacturing in Romania
- Leather & Fur Processing & Handbag & Harness Manufacturing in Norway
- Leather & Fur Processing & Handbag & Harness Manufacturing in Hungary
- Leather & Fur Processing & Handbag & Harness Manufacturing in the UK
- Leather & Fur Processing & Handbag & Harness Manufacturing in Finland
- Leather & Fur Processing & Handbag & Harness Manufacturing in Croatia
- Leather & Fur Processing & Handbag & Harness Manufacturing in Slovenia
- Leather & Fur Processing & Handbag & Harness Manufacturing in Spain
- Leather & Fur Processing & Handbag & Harness Manufacturing in France
- Leather & Fur Processing & Handbag & Harness Manufacturing in Lithuania
- Leather & Fur Processing & Handbag & Harness Manufacturing in the Netherlands
- Leather & Fur Processing & Handbag & Harness Manufacturing in Belgium
- Leather & Fur Processing & Handbag & Harness Manufacturing in Italy
- Leather & Fur Processing & Handbag & Harness Manufacturing in Denmark
- Leather & Fur Processing & Handbag & Harness Manufacturing in Latvia
- Leather & Fur Processing & Handbag & Harness Manufacturing in Bosnia & Herzegovina
- Leather & Fur Processing & Handbag & Harness Manufacturing in Greece
- Leather & Fur Processing & Handbag & Harness Manufacturing in Russia
- Leather & Fur Processing & Handbag & Harness Manufacturing in Slovakia
- Leather & Fur Processing & Handbag & Harness Manufacturing in Switzerland
- Leather & Fur Processing & Handbag & Harness Manufacturing in Poland
- Leather & Fur Processing & Handbag & Harness Manufacturing in Ireland
- Leather & Fur Processing & Handbag & Harness Manufacturing in Bulgaria
- Leather & Fur Processing & Handbag & Harness Manufacturing in Iceland
- Leather & Fur Processing & Handbag & Harness Manufacturing in Portugal
- Leather & Fur Processing & Handbag & Harness Manufacturing in Czechia
- Leather & Fur Processing & Handbag & Harness Manufacturing in Serbia
- Leather & Fur Processing & Handbag & Harness Manufacturing in Sweden
- Leather & Fur Processing & Handbag & Harness Manufacturing in Turkey
- Leather & Fur Processing & Handbag & Harness Manufacturing in Cyprus
- Leather & Fur Processing & Handbag & Harness Manufacturing in Estonia
- Leather & Fur Processing & Handbag & Harness Manufacturing in Europe
Table of Contents
About this industry
Industry definition
The industry is involved in the tanning, dyeing and finishing of hides, skins and fur for processing in other industries, as well as the production of various finished leather goods, including suitcases, bags and saddlery.
Related Terms
TanningSaddleryFinishingRawhidesWhat's included in this industry?
HandbagsLeather of bovine animalsTanned furskins or skinsLeather of other animalsPatent leatherSuitcases and briefcasesSaddlery and harnessOther leather articles and goodsCompanies
LVMH Moët Hennessy Louis Vuitton SAHermes International SACPrada Group SpAIndustry Code
151 - Tanning and dressing of leather; manufacture of luggage, handbags, saddlery and harness; dressing and dyeing of fur in Europe
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Performance
Key Takeaways
Europe’s boasting a reputation for high-quality leather goods
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry (2011 -2029)
- Employees in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry (2011 -2029)
- Business in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry (2011 -2029)
- Profit in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Europe's auto industry impacts demand for leather significantly. Shifts in car manufacturing and the growing preference for luxury interiors drive this demand.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
High-quality craftsmanship and branding drive market share concentration. Successful leather and fur goods manufacturers leverage an established brand's reputation and their ability to produce high-quality products to gain a competitive edge.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for LVMH Moët Hennessy Louis Vuitton SA
- Countries of operation for Hermes International SAC
- Countries of operation for Prada Group SpA
- Countries of operation for Samsonite International SA
- Countries of operation for Pangea Made Inc
- Countries of operation for Furla SpA
- Countries of operation for Mulberry Group plc
- Countries of operation for Heller-Leder GmbH & Co KG
- Countries of operation for Tanneries Roux SAS
- Countries of operation for Gmelich + Sohne GmbH
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Europe's Leather industry heavily prioritises sustainable and ethical practices. This is primarily due to heavy regulations, like REACH, and policies aimed at environmental protection and animal welfare, impacting every stage of manufacturing.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
COVID-19 and rising costs hurt profit for leather goods manufacturers. The pandemic disrupted supply chains and recent inflation drove up production costs, forcing companies to pass costs to customers to maintain profitability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Leather & Fur Processing & Handbag & Harness Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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