“Global Leather Sneakers Market: Growth, Outlook, and Competitive Analysis, 2018 – 2030” is the most recent market study released by Credence Research, Inc. The global leather sneakers market had revenue of about USD 419.2 million in 2022, and it is predicted that it will increase at a CAGR of more than 5.2% from 2018 to 2030, reaching about USD 597.76 million.
Market Overview
The leather sneakers market is closely related to consumer expenditure on fashion accessories. Rapid expenditure on fashion accessories is propelling the industry, owing to the growing influence of social media. Recent changes in consumer shopping behaviors and a rising propensity to purchase high-end and designer shoes are expected to drive market development. The desire for trendy, elegant, and comfortable sneakers drives product demand. Leather sneakers are typically regarded as a premium item. The launch of new items by different brands has been fueling market expansion. As the demand for flexible and lightweight products grows, several innovations and technical breakthroughs generate the demand. Leather sneakers are highly durable and can be used for indoor and outdoor applications, making them more popular among customers. It may also be used for casual, fashionable shoes and can be used for both indoor and outdoor usage. The rising working-class population, increased consumer affluence, a thriving retail e-commerce sector worldwide, and growing fashion trends in business attire all contribute to the leather sneakers industry expansion. Leather shoes are sturdy and stylish, making them popular among many customers. The absorbent properties of real leather, which may cool the feet and prevent odors, also boost the product’s market growth. However, the availability of counterfeit sneakers made from synthetic leather developed by local manufacturers limits expansion. Growing alternatives such as synthetic and vegan leather are also expected to restrict the market growth. Leather sneakers are more expensive than any other footwear, a key constraint in cost-conscious countries.
Company Profile
Prada Holding B.V.Prada Holding B.V. is an Italian luxury fashion firm founded in Milan in 1913. The company’s products include leather goods, sneakers, ready-to-wear clothes, accessories, and perfumes. Prada has a global presence, including stores and boutiques in key cities worldwide. The brand is well-known in the fashion world for its elegant and original designs and for being a trendsetter. Prada introduced its new Cloudbust Thunder footwear series in March 2021, featuring a futuristic design of high-quality materials. The business also released the Prada Bowling sneaker, a soft leather shoe with a retro appearance.
- LVMH
LVMH is a French multinational luxury goods corporation formed by the merger of Louis Vuitton and Mot Hennessy in 1987. The company is based in Paris, France, and engages in various industries, including wine & spirits, fashion & leather products, perfumes & cosmetics, watches & jewelry, and selective retailing. LVMH has a global footprint and operates in several countries, including Europe, Asia Pacific, the Americas, and the Middle East. In 2020, the business launched the LV Trainer Upcycling line, which features recycled leather sneakers manufactured from leftover materials from Louis Vuitton’s leather products workshops. This initiative corresponds with LVMH’s broader environmental aims and highlights the company’s dedication to waste reduction and circularity in the fashion sector.
- Allen Edmonds
Allen Edmonds is an American luxury shoe manufacturer that was founded in 1922. The company is located in Port Washington, Wisconsin, and operates several retail locations across the United States. Allen Edmonds is known for producing high-quality leather dress shoes for men in a 212-step process. Other leather goods from the brand include belts, wallets, and backpacks. Allen Edmonds has recently expanded its product line to include leather sneakers and accessories.
- Crockett & Jones
Crockett & Jones is a British shoemaker that was formed in 1879. The company creates, manufactures, and sells luxury leather shoes for men and women, utilizing traditional handcrafting techniques. Crockett & Jones is in Northampton, England, where the shoes are still handcrafted. The company has retail locations in the United Kingdom, Europe, Asia, and the United States. In 2021, the firm released a line of sneakers made from sustainable materials, such as recycled rubber soles and organic cotton uppers. The corporation has also been investing in its e-commerce platform to improve the online customer experience.
- Bruno Magli
Bruno Magli is a luxury Italian fashion label specializing in footwear, leather goods, and accessories. Bruno Magli created the company in 1936, headquartered in Bologna, Italy. Bruno Magli announced a collaboration with the Italian football club Inter Milan in 2021, designing a limited-edition range of shoes and accessories inspired by the team’s famous black and blue colors. The cooperation intends to appeal to sports fans and fashion-conscious consumers and increase Bruno Magli’s profile in the sports fashion sector.
- Cole Haan
Cole Haan is a global lifestyle brand that sells men’s and women’s footwear, clothing, and accessories. The company was founded in Chicago in 1928 and is now headquartered in Greenland, New Hampshire. Cole Haan has been expanding its product categories and strengthening its internet presence recently to reach more people. One of its most recent breakthroughs is the launch of Generation ZEROGRAND, a sustainable footwear brand produced from recycled materials that promise to reduce waste.
- Genesco Inc
Genesco Inc is an American specialty retailer of branded footwear, licensed and branded headwear, and licensed sports clothes and accessories. The company has four divisions: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group sells footwear and accessories through the Journeys, Kidz, and Little Burgundy store chains. The Schuh Group owns and runs branded footwear stores in the United Kingdom and the Republic of Ireland. The Johnston & Murphy Group is a premium footwear and apparel firm that sells products for men and women, including leather goods such as briefcases, luggage, and belts. The Licensed Brands section markets and sells footwear under numerous licensed brands such as Levi’s, Dockers, and others. The corporation operates over 1,300 retail outlets in the U.S., Canada, the U.K., the Republic of Ireland, and Germany. In December 2021, Genesco acquired the London-based Footasylum Limited for USD 94 million, expanding its presence in the UK and adding to its portfolio of footwear brands.
- Hermès International S.A.
Hermès International S.A. is a French luxury goods firm founded in 1837 by Thierry Hermès. It is famous for its high-end leather goods, such as purses and accessories, apparel, perfumes, watches, and other luxury items. The company is headquartered in Paris, France, and operates in over 50 countries, with over 300 retail outlets globally. Hermès is a top brand in the leather goods sector, with a reputation for manufacturing high-quality, handcrafted products. Recently, the company has focused on extending its online sales channels and increasing its position in the Chinese market.
- Salvatore Ferragamo S.p.A.
Salvatore Ferragamo S.p.A. is an Italian premium fashion brand founded in 1927 by Salvatore Ferragamo. The company creates, manufactures, and sells shoes, leather goods, ready-to-wear clothes, silk products, accessories, and fragrances for both men and women. Salvatore Ferragamo has a global presence, having retail shops in over 90 countries. The company’s headquarters are in Florence, Italy. In 2020, the company opened a virtual pop-up store on Tmall Luxury Pavilion, China’s online luxury buying platform.
Browse Full Report – Global Leather Sneakers Market By Closure Type (Lace Up, Zipper, Slip-on, and Others), By Sole Material (Rubber, Polyurethane, Leather, and Others) Growth, Future Prospects & Competitive Analysis, 2016 – 2030
