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The leather and allied products market size is forecast to increase by USD 119.8 billion at a CAGR of 5.13% between 2023 and 2028. The market is witnessing significant growth due to several key trends and factors. One of the primary drivers is the high influence of celebrity endorsements on purchase decisions, as consumers are increasingly influenced by the fashion choices of their favorite celebrities. Another trend is the advancement in manufacturing technology, which is leading to the production of high-quality leather products at competitive prices. However, the market faces challenges such as rising labor costs and fluctuating raw material prices of leather, which can impact the profitability of manufacturers. To mitigate these challenges, companies are exploring alternative sources of raw materials and implementing cost-effective manufacturing processes.
Overall, the market is expected to experience steady growth in the coming years, driven by these trends and factors.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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