Japan Leather Goods Market Size, Share, and COVID-19 Impact Analysis, By Type (Genuine Leather, Synthetic Leather, and Vegan Leather), By Product (Handbags, Small Leather Goods/ Accessories, Apparel, Footwear, and Others), and Japan Leather Goods Market Insights, Industry Trend, Forecasts to 2035

Japan Leather Goods Market Insights Forecasts to 2035

• The Japan Leather Goods Market Size Was Estimated at USD 12.76 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 12.11% from 2025 to 2035
• The Japan Leather Goods Market Size is Expected to Reach USD 44.87 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The Japan Leather Goods Market Size is anticipated to reach USD 44.87 Billion by 2035, growing at a CAGR of 12.11% from 2025 to 2035. The Japan leather goods market is driven by various factors, including a rise in disposable income, changing fashion trends, improved standard of living, and growing domestic tourism.

Market Overview

The products that are made from leather are called leather goods. The leather products include footwear, handbags, wallets, belts, jackets, luggage, gloves, car interiors, and fashion accessories. Leather is available in various types, including genuine leather, synthetic leather, and vegan leather. Japan is recognized for its high-quality leather products. Country leather artisans have a long history of making products by hand using traditional methods. The Japanese people prefer to use locally made goods, and most Japanese brands have built their reputations due to the quality of their products. The growing disposable incomes within Japan's urban communities have seen higher expenditure on leather luxury and premium goods, such as designer shoes, bags, and accessories is a key growth driver for this market. The rising demand for sustainable and vegan leather products is a key trend in this market. This trend presents a significant opportunity for the development of products by using plant-based alternatives or recycled synthetic leather.

Report Coverage

This research report categorizes the market for the Japan leather goods market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan leather goods market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan leather goods market.

Driving Factors

Japan is a famous tourist destination, and tourists are interested in purchasing leather products as souvenirs or gifts. The change in the fashion industry is one of the significant driving factors. Japan has a strong economy, which has led to a rise in disposable income among people, especially urban people, which further creates an interest in luxury goods, including leather goods. Additionally, the e-commerce platforms, technology advancements, and social media platforms play a crucial role in market growth.

Restraining Factors

One of the primary restraints is the high production cost associated with quality leather, expert craftsmanship and sustainable sourcing methods, which makes leather products expensive, further limiting their access to price-sensitive individuals. Additionally, the competition from the alternatives at the lowest cost limits the market expansion.

Market Segmentation

The Japan leather goods market share is classified into type and product.

• The genuine leather segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The Japan leather goods market is segmented by type into genuine leather, synthetic leather, and vegan leather. Among these, the genuine leather segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because they are equally attractive as synthetic leather. Additionally, they are less expensive as compared to synthetic leather goods. 

• The footwear segment held the highest share in 2024 and is expected to grow at a substantial CAGR during the forecast period.   

The Japan leather goods market is segmented by product into handbags, small leather goods/ accessories, apparel, footwear, and others. Among these, the footwear segment held the highest share in 2024 and is expected to grow at a substantial CAGR during the forecast period. This is due to the rising demand for sustainable alternatives to traditional footwear material. Additionally, the rise in e-commerce plays an important role in segmental growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan leather goods market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Adidas AG
• Nike, Inc.
• Puma SE
• Nippon Polyurethane
• Sumitomo Chemical
• Toray Industries
• Mitsubishi Chemical
• Asahi Kasei
•  Other

Recent Developments

• In August 2020, Ostuka Pharmaceuticals acquired Proteus Digital Health for USD 15 million to improve Japan's footprint in digital medicine.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan leather goods market based on the below-mentioned segments:

Japan Leather Goods Market, By Type

• Genuine Leather
• Synthetic Leather
• Vegan Leather

Japan Leather Goods Market, By Product

• Handbags,
• Small Leather Goods/ Accessories
• Apparel
• Footwear
• Others