Adoption Of Big Data In Leather Production
Historically, the global leather and allied products market, one of the segments of the apparel and leather products industry, grew at a compound annual growth rate (CAGR) of around 5%.
The global leather and allied products market size are expected to reach above $670 billion in 2021, growing at a CAGR of above 6%. The growth in the market can be attributed to the increasing demand from the apparel manufacturing industry, rising disposable income and rapid globalization.
However, the growth in the leather and allied products can be restricted due to stringent government regulations and the rising cost of raw materials.
Find TBRC’s report on the leather and allied products market: https://www.thebusinessresearchcompany.com/report/leather-and-allied-products-global-market-report-2018
Companies manufacturing leather and allied products are using big data to keep a track of internal and external costs, efficiencies of resources and to monitor carbon emissions and waste discharge. They are keeping track of these parameters to avoid the long-term negative impact of manufacturing on the environment. For example, PrimeAsia, a leather manufacturer, gives its leather an environmental footprint number which is a formula calculating the energy, water, chemical usage and resource hours it takes to manufacture the leather.
The top five companies covered are NIKE Inc., Gap Inc., Christian Dior SE, Adidas AG and Kering SA. Nike was the largest company in the global leather and allied products market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=67&type=smp
The top five companies covered are NIKE Inc., Gap Inc., Christian Dior SE, Adidas AG and Kering SA. Nike was the largest company in the global leather and allied products market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Leather And Allied Products Market TrendTechnological advances in the field of wireless technologies has enabled leather product manufacturers to integrate wearable technology into their products. Leading fashion designers are partnering with technology firms to produce trendy wearables and luxury products as the market is adopting this concept broadly.
Leather And Allied Products Market SegmentationThe leather and allied products market is segmented into Leather Footwear; Non-Leather Footwear; Leather Luggage, Hand Bags and Other Goods; Non-LeatherLuggage, Hand Bags and Other Goods and Leather Tanning.
Leather Footwear segment comprises companies engaged in producing footwear made of leather material.
Non-Leather Footwear segment comprises companies engaged in producing footwear made of non-leather material.
Leather Luggage, Hand Bags and Other Goods segment comprises companies engaged in producing luggage, handbags and purses of leather material.
Non-Leather Luggage, Hand Bags and Other Goods segment comprises companies engaged in producing luggage, handbags and purses of non-leather material (except precious metal).
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