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2025 U.S. Industry Statistics & Market Forecast - Leather and Hide Tanning and Finishing
Market Size & Industry Statistics
The total U.S. industry market size for Leather and Hide Tanning and Finishing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Leather and Hide Tanning and Finishing industry include:- Increased demand for sustainable and eco-friendly products
- Rise in synthetic leather popularity
- Stricter environmental regulations
- Shift in manufacturing bases to emerging economies
- Adoption of advanced technologies for tanning and finishing
- Growth in the luxury goods market
- Consumer awareness about animal welfare
- Trade policies and tariff impacts
- Fluctuations in raw material prices
- Impact of COVID-19 on supply chains and consumer behavior
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Leather and Hide Tanning and Finishing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Leather and Hide Tanning and Finishing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Leather and Hide Tanning and Finishing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 11% | |||
| Production Occupations | 60% | |||
| Supervisors of Production Workers | 7% | |||
| First-Line Supervisors of Production and Operating Workers | 7% | |||
| First-Line Supervisors of Production and Operating Workers | 7% | |||
| Textile, Apparel, and Furnishings Workers | 32% | |||
| Shoe and Leather Workers | 26% | |||
| Shoe and Leather Workers and Repairers | 26% | |||
| Other Production Occupations | 17% | |||
| Cutting Workers | 9% | |||
| Cutters and Trimmers, Hand | 8% | |||
| Transportation and Material Moving Occupations | 16% | |||
| Material Moving Workers | 15% | |||
| Laborers and Material Movers | 10% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 5% | |||
Leather and Hide Tanning and Finishing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Leather and Hide Tanning and Finishing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Leather and Hide Tanning and Finishing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Leather and Hide Tanning and Finishing industry. |
Source:
Latest Industry News
- Leatheling Secrets Unveiled: Why Everyone Is Talking About It - There’s more to leatheling than just making leather items. Some secrets behind its popularity include: Customization and Personal Touch Leatheling products can be tailored to individual style and needs. Unlike mass-produced leather goods, each piece tells a story and carry a unique character. (07/06/2025)
- The priciest purses in BTS V’s Vante vault - Take a peek at the ultra-expensive bags of Kim Taehyung aka BTS V that highlights his reputation as a reigning fashion king in K-pop. (07/04/2025)
- Rescue your prized leather furnishings from everyday spills and stains - With a quick response and the right supplies and methods, you can handle a range of everyday accidents that may happen to your leather furniture. An (07/02/2025)
- Meet the real artisans behind India’s iconic Kolhapuri chappals — now in the global spotlight - Discover the stories of India’s Kolhapuri artisans keeping a centuries-old craft alive as global fashion brands draw inspiration from their designs. (06/27/2025)
- Life at a hide camp for Two-Spirit Indigenous youth | The Narwhal - Deer hides rest on a frame under a canopy before the softening process begins. For generations, Indigenous Peoples tanned hides and used the soft, supple leather for moccasins, gloves, clothing and bedding. What was once necessary for our survival and a form of currency has become an old way that persevered through devastating colonial policies like the Indian Act, residential schools and the ... (06/27/2025)
- Dooney & Bourke just launched The Private Sale, with bags under $100 - You can save hundreds on leather handbags during the Dooney & Bourke Private Sale. Many of the brand's bestselling styles are more than 50% off for a limited time. (06/26/2025)
- Kolhapuris walk Prada's ramp (without credit?), even as they lose ground in India - Currently a topic of discussion, thanks to Prada's Milan fashion show, Kolhapuri chappals face a bevy of challenges in their own country, with many insiders fearing that the actual craft might soon die out. (06/24/2025)
- Italy’s government to the EU: “Excluding hides and leather or ... - “Excluding leather or greatly simplify the EUDR” The exclusion of leather from the EUDR, writes Tajani (pictured, Imagoeconomica), is “an existential issue ” for the tanning industry, which in Italy “employs 18,000 people” and “represents about 65% of the European sector”. (06/19/2025)
- How American Bison Leather is Made: From Forefront to Finish - Witness a detailed journey through the making of American Bison leather, from forefront to finish. Known for its unique texture, durability, and rich color, bison leather is a premium material ... (06/18/2025)
- Going faster, getting poorer - Mike Redwood reflects on how the pursuit of industrial efficiency in leather making has sometimes come at the expense of quality and longevity. (05/22/2025)
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