The leather trunks and cases market in India was valued at $5.67 billion in 2023. Forecasts indicate a steady growth with the market expected to reach $5.84 billion in 2024, $6.05 billion in 2025, $6.26 billion in 2026, $6.47 billion in 2027, and $6.67 billion in 2028. The year-on-year percentage variations for 2024 and 2025 are approximately 3.0% and 3.5%, respectively. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is around 3.4%.
Future trends to watch in this market include increased consumer spending on luxury items, a growing travel and tourism sector contributing to higher demand for quality luggage, and advancements in leather processing technologies enhancing product variety and quality.
