Men Leather Shoes Market Size, Share, Growth, and Industry Analysis, (Natural Leather Shoes, Artificial Leather Shoes and Others), Regional Insights and Forecast to 2031

Updated On: 08 April 2024

MEN LEATHER SHOES MARKET REPORT OVERVIEW

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The global men leather shoes market size was USD 66950 million in 2019 and the market is projected to touch USD 59610 million by 2026, exhibiting a CAGR of 3.9% during the forecast period.

Men's leather shoes are well-liked by customers due to their elegant design and durability. Men's leather shoes are high-end accessories. They may be used both indoors and outdoors and can even be utilized for casual designer shoes. Men's leather shoes are a popular option for those who need shoes that offer greater comfort and protection for their feet, such as those who work regularly. Shoes composed of genuine leather are more durable than those made of synthetic materials. Premium leather endures better in harsh industrial settings, extending the life of the shoes. Men's leather shoes support and soothe the feet. Men's leather shoes are easy to wipe down with a damp cloth. Men's leather shoes are good for the environment as leather is a natural material and isn't made with harmful chemicals. Men's leather shoes that are water-resistant can protect toes from spills and puddles.

COVID-19 Impact: Travel Restrictions, Work From Home and Changed Consumer Behaviour Collectively Downgraded the Market Growth in the Phase of COVID-19

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Lockdowns and other limitations caused a major shift in consumer behavior. The number of people working from home decreased the need for dress and formal shoes. Conversely, there was a rise in the market for relaxed and casual shoes.

The epidemic affected fashion trends, with casual clothing becoming more popular than formal wear. The kinds and styles of shoes that customers were interested in buying may have changed as a result of this change. The decline in foreign travel has an impact on the sales of travel-related goods, especially upscale footwear like expensive leather shoes that are frequently worn for formal or professional settings.

LATEST TRENDS

"Innovation in Material and Technology to Enlarge the Market Share"

Advancements in leather treatment, finishing methods, and the incorporation of technology into footwear (such intelligent insoles) have the potential to impact customer preferences. Innovative design components and technology are being used by certain firms into their leather shoes. This might incorporate sophisticated materials, one-of-a-kind building techniques, or intelligent insoles. Customers are searching for shoes that are adaptable enough to go from professional to casual situations. Designs that are appropriate for both business settings and more laid-back social gatherings mirror this trend.

MEN LEATHER SHOES MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into natural leather shoes, artificial leather shoes and others.

Natural Leather Shoes: The best grade leather is full-grain leather. It is derived from the outermost layer of the hide and keeps its original grain. It is breathable, long-lasting, and acquires a distinctive patina with age. Like full-grain, but with a layer removed to get rid of minor flaws. It is still widely used in footwear and is of excellent quality. derived from the strata underneath the surface grain. Although it's real leather, it's not as good as top-grain and full-grain. Although the finishes are different, both are constructed from full-grain leather. Sanding is done on the outside of nubuck and the inside of suede. The hides of exotic animals, such as ostriches, snakes, and alligators, are used to make exotic leather shoes.

Artificial Leather Shoes: a synthetic substance created to resemble real leather in both appearance and texture. A other kind of plastic-based synthetic leather is less pliable and less breathable than real leather.composed of tightly woven synthetic fibers, frequently nylon or polyurethane. Lightweight, ecologically friendly, and more like real leather than some other synthetic alternatives. created by using an adhesive to join leftover leather pieces.

Others: Shoes that combine several leather varieties or a blend of leather and synthetic materials are known as hybrid shoes. can provide a harmony between the properties of various materials.

• By Application

Based on application the global market can be categorized into shoes.

Loafers, derbies, and oxfords made of leather are frequently worn with business or formal wear. There are several varieties of leather shoes that are appropriate for casual use. Specific varieties of leather footwear, such hiking boots or athletic sneakers, are intended for use in outdoor activities and sports. These shoes offer comfort, support, and durability for a range of athletic activities. Additionally, leather shoes are a fashion statement. Certain men's leather shoes are only appropriate for formal events like ceremonies, weddings, and celebrations. Season-specific designs are possible for leather shoes. Certain kinds of footwear are necessary for certain vocations. Travel shoes are often made of leather that is both comfortable and durable.

DRIVING FACTORS

"E-Commerce and Globalization in Trade to Refurbish the Market Scenario"

The retail environment has seen a transformation with the emergence of e-commerce and online purchasing platforms. Brands may expand if they use internet platforms efficiently. Online buying has expanded dramatically as a result of physical retail store closures and a greater emphasis on social alienation. During this time, brands who were well-established online or swiftly adjusted to e-commerce trends could have done better. The availability and price of leather are impacted by the worldwide nature of commerce and manufacture. The market may be impacted by changes in trade regulations, transportation expenses, and currency exchange rates.

"Casual Elegance and Versatility to Multiply the Market Share"

Casual elegance has become popular as a result of the increase in remote work and casual clothing choices. A balance between formal and informal designs has become more popular in men's leather shoes. Men's leather shoes now have sneaker-inspired aspects thanks to the impact of sneaker culture on conventional shoe styles. This incorporates functional elements like athletic accents, substantial soles, and cutting-edge materials. Customers are searching for shoes that are adaptable enough to go from professional to casual situations. Designs that are appropriate for both business settings and more laid-back social gatherings mirror this trend.

RESTRAINING FACTOR

"High Cost and Maintenance to Slow Down the Market Growth"

The price of leather shoes frequently reflects the high cost of high-quality leather. Specifically, genuine full-grain leather is typically more expensive than synthetic materials. To preserve their longevity and aesthetic appeal, leather shoes need to be cleaned often. This covers the tasks of polishing, conditioning, and cleaning. Ignoring upkeep might result in degradation and a shorter lifespan. Hence, such factors are expected to hinder the men leather shoes market growth during the forecast period.

MEN LEATHER SHOES MARKET REGIONAL INSIGHTS

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"Europe with High Quality Italian Leather and Craftsmanship to Dominate the Market Growth"

"The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa."

Europe held the largest men leather shoes market share. It is expected that the high value of footwear in European nations would propel the expansion. In 2018, the United Kingdom held over 25% of the market share. Nearly half of all footwear sold in the United Kingdom is made of leather. The region's formal shoe market is expected to flourish because of the expanding middle class, an increase in the number of men working, the expansion of shopping malls, and the convenience of internet purchasing. European nations such as Italy and Spain are well known for their ancient leather working customs. Particularly Italian leather is well known for its excellence and workmanship. Global fashion trends are influenced by European fashion cities such as Milan.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to men leather shoes to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

• C. & J. Clark International Ltd (U.K.)

• Aldo Group (Canada)

• Salvatore Ferragamo S.p.A. (Italy)

• Louis Vuitton (LVMH) (France)

• Guccio Gucci S.p.A (Italy)

• ZheJiang AoKangShoes Co., Ltd. (China)

• RedDragonfly (U.S.)

• ECCO Sko A/S (Denmark)

• Prada S.p.A. (Italy)

• Yearcon (China).

INDUSTRIAL DEVELOPMENT

• November 2023: The football player Raheem Sterling and Clarks collaborated to produce school shoes. The Raheem Sterling line of school shoes has a bright green insole with padding shaped like a football and a half-football on each sole that, when worn together, represents a football.

• May 2020: Citing the COVID-19 pandemic's effects, ALDO declared it will reorganize under the Companies' Creditors Arrangement Act. Furloughs have been implemented for all 6,680 shop associates and almost half of the staff at the company's headquarters.The business relocates from its legendary offices to a neighboring facility in Saint-Laurent, Montreal, as part of its restructuring.It declared in July 2022 that the reorganization process was finished.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.