Research Nester published a report titled “Portable Leather Polishing Machine Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global portable leather polishing machine market in terms of market segmentation by type, operation, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global portable leather polishing machine market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2031. 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 market over the forecast period. This can be attributed to the increasing application of these machines in the textile industry, backed by qualities, such as, maximum surface coverage.
The global portable leather polishing machine market is foreseen to witness growth on account of growing adoption for portable machines across various end-use industries. Moreover, portable leather polishing machines are handy, compact, easy to transport and store, and can be used to deliver leather polishing as a service. Such factors are estimated to boost the market growth. Furthermore, the increasing demand for high-end leather products, amongst the high class, backed by the growing global disposable income, is projected to boost the market growth.
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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 the Asia Pacific region is anticipated to gain the largest market share throughout the forecast period owing to the presence of major leather treatment factories, along with the 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 research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing demand for High-End Leather Products to boost the Market Growth
Leather is used for manufacturing a variety of products, including, footwear, jackets, bags, and belts, along with furniture and home-decoration products. Generally, the target consumer base of the leather products is the high class. Therefore, the growing disposable income is estimated to boost the market growth. Moreover, the demand for luxurious products in high-end fashion, is further estimated to boost the market growth.
However, unstable price of raw material is expected to operate as key restraint to the growth of global portable leather polishing machine market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global portable leather polishing machine market which includes company profiling of WAND, Inc., Demaksan Deri Insaat Asansor Makina San. ve Tic. Ltd. Sti., Garg Machines, Foshan YXH Tube Mill & Mould Co., Ltd., Blue Level GmbH, HARMAN International, Anduril Industries Inc., Bharat Engineering Works PVT. LTD., Leather Repair Company, and TFL Ledertechnik GmbH. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global portable leather polishing machine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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