Establishments primarily engaged in manufacturing small articles normally carried on the person or in a handbag, such as billfolds, key cases, and coin purses of leather or other materials, except precious metal. Establishments primarily engaged in manufacturing similar personal goods of precious metals are classified in Industry 3911.
The industry categorized under NAICS 3172, Personal Leather Goods, Except Women's Handbags And Purses, is witnessing several qualitative trends driven by shifting consumer preferences and innovations. There is a growing emphasis on sustainability, with consumers increasingly seeking eco-friendly and ethically sourced leather products. This trend is prompting manufacturers to adopt greener practices, from sourcing to production, and explore alternatives like vegan leather.
Customization and personalization are also major trends, with more customers interested in bespoke leather goods tailored to their unique tastes and needs. This has led to brands investing in technologies that allow for customizable options, such as monograms and tailored fittings.
Furthermore, technological advancements are playing a critical role, with smart leather goods that integrate technology (e.g., RFID-blocking wallets, tech-friendly travel accessories) gaining popularity. The post-pandemic landscape has also seen a rise in demand for multifunctional leather goods suitable for both professional and personal use, driven by hybrid work models.
Looking ahead, the market is forecasted to grow steadily, with sustainability and technology integration likely to remain at the forefront. Companies investing in innovative, sustainable practices and offering highly customizable and functional products are expected to lead the market growth. Additionally, e-commerce will continue to be a significant sales channel, with online platforms providing personalized shopping experiences to attract discerning customers.
Billfolds, regardless of material
Card cases, except precious metal
Cases, jewelry: regardless of material
Checkbook covers, regardless of material
Cigar cases, except precious metal
Cigarette cases, except precious metal
Coin purses, regardless of material
Comb cases, except precious metal
Compacts, solid leather
Cosmetic bags, regardless of material
Eyeglass cases, regardless of material
Handbags, men's: regardless of material
Key cases, regardless of material
Leather goods, small: personal
Pocketbooks, men's: regardless of material
Purses, men's: regardless of material
Sewing cases, regardless of material
Tobacco pouches, regardless of material
Toilet kits and cases, regardless of material
Vanity cases, leather
Wallets, regardless of material
Watch straps, except metal
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