Global Natural Leather Market Overview:
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. According to AMA, the Global Natural Leather market is expected to see growth rate of 5.7%
- 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
- Growing domestic leather market
- Soaring in the growth of raw material supply
- An increasing proportion of livestock production
- Increasing adoption of synthetic leather
- High Cost of natural leather
- Increasing use of alternative leather such as synthetic leather
- Increasing the growth of meat consumption in various Asian countries including China, India, Japan and others
- Rising Environmental Restrictions on Natural Leather
- Stringent regulations on tanning agents such as phthalates and slaughtering of animal in developed economies
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Xingye Leather Technology Co.Ltd. (China), Fengan Leather Co., Ltd (China) and GanSu HongLiang (China). Analyst at AdvanceMarketAnalytics see Chinese and United States Vendors to retain maximum share of Global Natural Leather market by 2024.
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.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Natural Leather market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Natural Leather market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Footwear Companies, Automotive Companies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.