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Portable Leather Polishing Machine Market Segmentation by Type (Machines with Laps, Wet-Blasting Machines, and Centrifugal Machines); by Operation (Automatic, and Semi-automatic); and by End-User (Textile, Consumer Goods, Industrial, and Others) – Global Demand Analysis & Opportunity Outlook 2031

Buy Now Report ID: 4022 | Published Date: Feb 02, 2023

Global Portable Leather Polishing Machine Market Regional Synopsis

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 region is estimated to witness noteworthy growth over the forecast period on the back of high demand for high-end fashion products, along with the 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 market growth.

Portable Leather Polishing Machine Market Share

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The global portable leather polishing machine market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook


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Portable Leather Polishing Machine Market
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Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Expenditure (% of GDP), 2015-2018

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.


Market Segmentation

Market-Growth-Drivers

Our in-depth analysis of the global portable leather polishing machine market includes the following segments:

By Type

  • Machines with Laps
  • Wet-Blasting Machines
  • Centrifugal Machines

By Operation

  • Automatic
  • Semi-automatic

By End-User

  • Textile
  • Consumer Goods
  • Industrial
  • Others

Growth Drivers

  • Easy Storage and Transportation of Portable Machine
  • Convenience in Usage of Portable Polishing Machines
  • Growing Demand in Textile Industry

Challenges

  • Volatile Prices of Raw Material
  • Declining Use of Leather due to Environmental Reasons


Research and Development Expenditure (% of GDP), 2015-2018
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Top Featured Companies Dominating the Market

top-features-companies
    • Foshan YXH Tube Mill & Mould Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • WAND, Inc.
    • Demaksan Deri Insaat Asansor Makina San. ve Tic. Ltd. Sti.
    • Garg Machines
    • Blue Level GmbH
    • HARMAN International
    • Anduril Industries Inc.
    • Bharat Engineering Works PVT. LTD.
    • Leather Repair Company
    • TFL Ledertechnik GmbH

In-the-news

In The News

  • 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.


preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Abhishek Verma, Hetal Singh


Key Questions Answered in the Report

1) What are the major factors driving the growth of the portable leather polishing machine market?

Ans: Ease of transportation, use, and storage is estimated to boost the growth of the portable leather polishing machine market.

2) What would be the CAGR of portable leather polishing machine market over the forecast period?

Ans: The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2031.

5) Who are the major players dominating the portable leather polishing machine market?

Ans: The major players in the market are WAND, Inc, Garg Machines, Blue Level GmbH, HARMAN International, Anduril Industries Inc., Bharat Engineering Works PVT. LTD., Leather Repair Company, and TFL Ledertechnik GmbH.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the portable leather polishing machine market?

Ans: The market is segmented by type, operation, end-user, and by region.

8) Which segment captures the largest market size in type segment in the portable leather polishing machine market?

Ans: The centrifugal machines segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

8) What are the challenges affecting the market growth?

Ans: The unstable prices of raw material are estimated to hamper the market growth.

8) Which region will provide more business opportunities for growth of the portable leather polishing machine market in future?

Ans: The Asia Pacific region is anticipated to provide more business opportunities over the forecast period owing to the growing demand for luxurious products.

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