Portable Leather Polishing Machine Market size is likely to expand at significant growth rate during the forecast period i.e., between 2024-2036. Leather polishing machine is used to even out the surface of leather, and add shine to it. The growth of the market can be attributed to the growing demand for portable machines, backed by the compact size, ease of use, and easy transportation of the machine. Moreover, the growing demand for high-end luxurious products amongst the urban high class population is further estimated to boost the market growth. Leather is used in various lines of products, including belts, bags, footwear, and jackets. In fact, it was observed that global market value of leather goods was worth approximately USD 250 billion in 2019. Further, rapid urbanization and growing disposable income are also major factors estimated to encourage the portable leather polishing machine market growth. Additionally, the growing adoption of leather-based interior decoration, especially renovation of old furniture, is projected to surge the demand for portable leather polishing machine.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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Regional Scope |
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The market is segmented by type into machines with laps, wet-blasting machines, and centrifugal machines, out of which, the centrifugal machines segment is anticipated to hold a substantial share in the global portable leather polishing machine market over the forecast period on account of increasing usage of centrifugal machines in the textile and accessory industry. This machine provides maximum surface coverage and is cost-effective, which is expected to boost the segment growth.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Operation |
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By End-User |
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On the basis of geographical analysis, the global portable leather polishing machine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe industry is expected to account for largest revenue share by 2036, driven by high demand for high-end fashion products, along with prevalent luxurious lifestyle. Various countries, such as, France, Belgium, Spain, and UK, are major hubs for luxury fashion products, which is estimated to boost the demand for portable leather polishing machines.
The market in the Asia Pacific region is anticipated to gain the largest market share throughout the forecast period owing to the presence of major leather treatment companies, and growing export activities in the region. According to the data by the India Brand Equity Foundation (IBEF), the total leather and leather products export from India amounted to USD 5.07 billion in 2019-20. The APAC region is also witnessing economic growth, which in turn, is estimated to increase the demand for high-end products in the region. This is anticipated to boost the portable leather polishing machine market growth.
February 10, 2022: HARMAN International announced the complete acquisition of Apostera, a Germany-based automation technology company.
June 01, 2021: TFL Ledertechnik GmbH, a leading global supplier of specialty chemicals, completed the acquisition of the organic leather chemicals (OLC) business of LANXESS.
Author Credits: Abhishek Verma
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