LATAM Luxury Leather Goods Market Size & Outlook, 2025-2033

LATAM Luxury Leather Goods Market Insights

As highlighted in Deep Market Insights analysis, the LATAM Luxury Leather Goods Market, valued at USD 9.36 Billion in 2024, is estimated to achieve USD 15.29 Billion by 2033.
The market is estimated to grow at a CAGR of 5.55% spanning 2025 to 2033.
By market size, Handbags & luggage led the Product category in 2024.
The Product segment led by Handbags & luggage is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.

In 2024, LATAM accounted for 8.91% of the global Luxury Leather Goods Market size.
By 2033, United States is projected to lead the global market in terms of market size.
Brazil is projected to emerge as the fastest-growing market in LATAM, reaching USD 6.89 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 9.36 Billion
Market Size In 2033	USD 15.29 Billion
Largest segment	Handbags & luggage
Units	Revenue in USD Billion
CAGR	5.55% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Segments	Sub Segments
LATAM	Brazil Mexico Argentina Colombia Chile
Product	Handbags & luggage Small leather goods Footwear Belts
Price tier	Accessible luxury High luxury
Distribution	Flagship stores Department stores E-commerce Travel retail