Major Group SIC 31 - Leather And Leather Products

SIC 31 - Leather And Leather Products

SIC 31 - Leather And Leather Products
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments engaged in tanning, currying, and finishing hides and skins, leather converters, and establishments manufacturing finished leather and artificial leather products and some similar products made of other materials.

Industry trends:

The Leather and Leather Products industry (SIC 31) is witnessing several qualitative trends driven by consumer preferences and technological advancements. A significant trend is the increasing consumer demand for sustainable and ethical products. Companies are adopting eco-friendly practices, such as using biodegradable tanning processes and sourcing leather from certified sustainable farms. Additionally, there is a growing emphasis on cruelty-free practices, pushing for innovations in alternatives like lab-grown or plant-based leathers, which are gaining traction among eco-conscious consumers.

Customization and personalization are also emerging as prominent trends, as consumers seek unique products that reflect their personal style. Advances in digital technologies such as 3D printing and computer-aided design enable companies to offer tailored products efficiently, enhancing consumer engagement and satisfaction. Moreover, the industry is integrating smart technology within leather products, incorporating functionalities like touch sensitivity and temperature regulation, aligning with the rising consumer demand for tech-savvy lifestyle products.

The near future for the leather industry is expected to witness a continued focus on sustainability initiatives and advancement in synthetic leather technologies. As regulations around environmental practices tighten, more companies will likely invest in research and development to improve the quality and scalability of leather alternatives. Moreover, emerging markets, particularly in Asia, offer significant growth opportunities, driven by rising disposable incomes and evolving fashion trends, potentially reshaping the global supply chain dynamics.

This industry is comprised of:

SIC 311 - Leather Tanning And Finishing

SIC 313 - Boot And Shoe Cut Stock And Findings

SIC 314 - Footwear, Except Rubber

SIC 315 - Leather Gloves And Mittens

SIC 316 - Luggage

SIC 317 - Handbags And Other Personal Leather Goods

SIC 319 - Leather Goods, Not Elsewhere Classified

Explore related industries:

SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials

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