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Country Report

Luxury Leather Goods in

Luxury Leather Goods in India

Feb 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Decline as outlets temporarily close and consumers are slow to return on reopening

After maintaining dynamic double-digit retail current value increases during most of the review period, along with slightly slower retail volume growth rates, luxury leather goods has seen sales plummet by both measures in 2020, due to COVID-19. The emergence of the virus in the country at the beginning of the year led to a nationwide lockdown from the end of March to the end of May, during which all non-essential retail outlets were closed, including retailers of leather goods.

Luxury travel goods suffers from travel restrictions

Luxury travel goods has seen by far the strongest retail volume and current value declines within luxury leather goods in 2020. With travel restrictions in place both domestically and in other countries globally, and with both business and leisure travel affected, demand for luxury luggage has fallen drastically.

Pandemic leads to a stronger role for social media

The central role of social media in consumers’ everyday lives is a key factor in the development of a wide range of luxury goods, and is particularly influential in luxury leather goods. This was the case even before the arrival of COVID-19 in the country, but has become even more important with lockdowns and movement restrictions.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Leather Goods industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Leather Goods industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Leather Goods in India market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Leather Goods in India?
What are the major brands in India?
How dynamic is the growth of Luxury Leather Goods internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

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Luxury Leather Goods in India - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Decline as outlets temporarily close and consumers are slow to return on reopening

Luxury travel goods suffers from travel restrictions

Pandemic leads to a stronger role for social media

RECOVERY AND OPPORTUNITIES

Slow return to growth as financial impact likely to endure

Omnichannel retailing will be necessary to appeal to a wide consumer group

Increasing emphasis on sustainability from manufacturers and consumers

CATEGORY DATA

Table 1 Sales of Luxury Leather Goods: Value 2015-2020
Table 2 Sales of Luxury Leather Goods: % Value Growth 2015-2020
Table 3 NBO Company Shares of Luxury Leather Goods: % Value 2015-2019
Table 4 LBN Brand Shares of Luxury Leather Goods: % Value 2016-2019
Table 5 Distribution of Luxury Leather Goods by Format: % Value 2015-2020
Table 6 Forecast Sales of Luxury Leather Goods: Value 2020-2025
Table 7 Forecast Sales of Luxury Leather Goods: % Value Growth 2020-2025

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Leather Goods in India

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Decline as outlets temporarily close and consumers are slow to return on reopening

Luxury travel goods suffers from travel restrictions

Pandemic leads to a stronger role for social media

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Luxury Leather Goods in India - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Decline as outlets temporarily close and consumers are slow to return on reopening

Luxury travel goods suffers from travel restrictions

Pandemic leads to a stronger role for social media

RECOVERY AND OPPORTUNITIES

Slow return to growth as financial impact likely to endure

Omnichannel retailing will be necessary to appeal to a wide consumer group

Increasing emphasis on sustainability from manufacturers and consumers

CATEGORY DATA

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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