About Natural Leather
Natural leather is created through processing animal rawhide. Owing to durability, beauty and comfort these leathers are considered to be superior to synthetic products. These leathers are mostly used in furniture, automotive and shoes. The increasing demand from both developed and developing countries due to the increasing disposable income of its population and rising demand for leather products are fueling the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.7% |
The competitive market, players need to understand their target audience, adapt to changing trends, and leverage their unique strengths. Focusing on innovation, sustainability, responsible sourcing, and direct-to-consumer initiatives can be key differentiators. Analyst at AMA Research estimates that Chinese and United States Vendors will contribute the maximum growth to Global Natural Leather market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eagle Ottawa (United States), Bader GmbH (Germany), Boxmark (Austria), GST Autoleather (United States), Sichuan Zhenjing (China), Shandong Dexin (China), Zhejiang Tongtianxing (China) and Guangdong Tannery (Hong Kong) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Xingye Leather Technology Co.Ltd. (China), Fengan Leather Co., Ltd (China) and GanSu HongLiang (China).
Segmentation Overview
AMA Research has segmented the market of Global Natural Leather market by Type (Pig Leather, Cow Leather, Sheep Leather and Other), Application (Furniture, Automotive, Shoes, Shoes and Other) and Region.
On the basis of geography, the market of Natural Leather has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Soaring in the growth of raw material supply and An increasing proportion of livestock production
Market Growth Drivers:
High deployment of natural leather in automotive interiors, Surging disposable income in developing economies, Rising in number of leather trade commodities across the world, The increasing expansion in the use of leather for footwear and Growing domestic leather market
Challenges:
Rising Environmental Restrictions on Natural Leather and Stringent regulations on tanning agents such as phthalates and slaughtering of animal in developed economies
Restraints:
Increasing adoption of synthetic leather, High Cost of natural leather and Increasing use of alternative leather such as synthetic leather
Opportunities:
Increasing the growth of meat consumption in various Asian countries including China, India, Japan and others
Market Leaders and their expansionary development strategies
In October 2023, LVMH & Kering Launch "Leather Working Group": These luxury giants joined forces to establish a new working group, focusing on improving environmental and ethical practices in the leather industry.
In October 2023, Ecco's FLUIDFOR Technology Advancements where Ecco unveiled new developments in its FLUIDFOR technology, allowing for increased flexibility and comfort in their leather footwear.
European standards relating to leather are developed through the technical body CEN TC 289 of the European Committee for Standardization. There are currently 143 standards with relevance to leather products. These standards cover a number of fields. One standard provides, for example, the guidelines for the test methods and recommended values for upholstery leather for furniture and another standard specifies a method using microscopy to identify leather and distinguish it from other materials.
Key Target Audience
Footwear Companies, Automotive Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.