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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Bovine leather is the most common source of leather. The surface skin of a bull or cow is utilized in processing bovine leather. Bovine leather is excellent for its appearance, texture, durability, and comfort. Leather from cows is relatively easy to maintain. It is resistant to dirt and water. Bovine leather is very popular in automotive interior applications, due to its affordability.

The demand for luxury cars with premium leather such as bovine leather is expected to increase significantly in countries such as the U.S. and Canada, owing to their high per capita income. For instance, according to the World Bank data, the U.S. and Canada accounted for US$ 63,690 and US$ 47, 590 per capita income in 2018. Due to high per capita income, the consumers in North America region have potential to purchase cars with premium leather such as bovine leather.

Market Players such as Eagle Ottawa LLC and Carroll Leather are focusing on strategic expansions and product launches to cater to the increasing demand for premium leather. For instance, in April 2015, Carroll Leather launched a new leather lineup known as 'PERSPECTIVE'. A high-end product lineup provides a smooth, soft, and translucent finish.

However, slow production and sales rate of automobiles globally could have a negative impact on regional players in the global automotive interior bovine leathers market.

Global Automotive Interior Bovine Leather Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including infrastructure, retail, manufacturing, logistics, and others. To combat COVID-19 pandemic, several governments across the globe such as U.S., France, India and Italy have imposed nationwide lockdown to restrict the spread of COVID-19 disease.

Moreover, the spending pattern of people across the globe have also changed owing to the COVID-19 pandemic. According to CMI’s study, consumers have increased their spending on healthcare products, groceries, and home entertainment systems and reduced their spending on other luxury products. Furthermore, demand from end-use industry i.e. automotive industry has also decreased sharply.

Europe is expected to hold dominant position in the Global Automotive Interior Bovine Leather market during the forecast period.

Statistics:

Europe held dominant position in the global Automotive Interior Bovine Leather market in 2019, accounting for 31.8% share in terms of value, followed by Asia Pacific, and North America.

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Automotive Interior Bovine Leather Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 5,689.9 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 3.8% 2028 Value Projection: US$ 7,834.50 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Application: Upholstery/Seat Covers, Doors, Dashboard and Headliners, Steering Wheel, Floor Mats/Carpets, Others
  • By Vehicle Type: Passenger Vehicles (Economic, Mid-priced, Luxury), Heavy Commercial Vehicles, Light Commercial Vehicles
Companies covered:

Major companies operating in the global automotive interior bovine leather market are: Bader GmbH & Co. KG, Bovine Leather,  GST Autoleather Co. Ltd., Classic Soft Trim, Ctl Leather Inc., Eagle Ottawa, Llc (Lear Corporation), and Gruppo Mastrotto spa

Growth Drivers:
  • Rising Demand For Hybrid & Electric Vehicles
  • Growing Demand for Durable Bovine Leather in Car Interiors
Restraints & Challenges:
  • Slowdown in Global Automotive Production

Figure 1: Global Automotive Interior Bovine Leather Market Share (%), By Region, 2019

Automotive Interior Bovine Leather  | Coherent Market Insights

On the basis of region, Europe was the dominant in the global Automotive Interior Bovine Leather market in terms of value, followed by Asia Pacific and North America, respectively. The growth of the region is mainly attributed to the increasing demand for sports cars with premium leather is expected to propel the interior bovine leather market.

The automotive industry in Asia Pacific region is expected to show significant growth during the forecast period 2021-2028, owing to the increasing population and need for mobility. According to CMI’s study 2020, Asia Pacific region accounted for 60% of the total population across the globe in 2019. In addition to this, consumers in Asia Pacific region are shifting their preference from economic cars to mid-priced and luxury cars with premium seating arrangements such as seat covers of premium bovine leathers, according CMI study.

Among the vehicle type, the passenger segment is expected to dominate the market during the forecast.

The passenger segment holds the highest market share, and is expected to retain its market share over the forecast period. The segment is driven by rising consumer preference for luxury cars and the increasing per capita income of consumers.

Figure 2: Global Automotive Interior Bovine Leather Market Value (US$ Mn), 2017 - 2028

Automotive Interior Bovine Leather  | Coherent Market Insights

The global Automotive Interior Bovine Leather market was valued at US$ 5,689.9 Mn in 2019 and is expected to reach US$ 7,989.2 Bn by 2028 at a CAGR of 3.8% between 2021 and 2028.

Bovine leather is the most common source of leather. The surface skin of a bull or cow is utilized in processing bovine leather. Bovine leather is excellent for its appearance, texture, durability, and comfort. Leather from cows is relatively easy to maintain. It is resistant to dirt and water. Bovine leather is very popular in automotive interior applications, due to its affordability.

Market Dynamics

Most automakers have started to position and re-brand their respective car models with aesthetic and stylish interior features, which has increased the adoption of automotive interior bovine leather. Consumers prefer affordable interior leather products that are easy to maintain without compromising on looks. This is a key factor supporting growth of the automotive interior bovine leather market.

Various interior features that were previously available in premium and luxury cars are now being introduced in mid-sized and compact cars in order to stand apart from car models offered by other competitors and also, to strengthen their product portfolio.

However, wide availability of low-end and low-cost materials in the aftermarket is hindering the growth of the global automotive interior bovine leathers market.

Market Taxonomy

This report segments the Global Automotive Interior Bovine Leather Market on the basis of application, vehicle type, and region. On the basis of application, the Global Automotive Interior Bovine Leather Market is segmented into Upholstery/Seat Covers, Doors, Dashboard and Headliners, Floor & trunk carpets, Steering Wheel and Others. On the basis of vehicle type, the Global Automotive Interior Bovine Leather Market is segmented into Passenger Vehicles (Economic, Mid Price, and Luxury), Light Commercial Vehicles, Heavy Commercial Vehicles. On the basis of region, the Global Automotive Interior Bovine Leather Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).

Key features of the study:

  • This report provides an in-depth analysis of the Global Automotive Interior Bovine Leather Market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028).
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the Global Automotive Interior Bovine Leather Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Automotive Interior Bovine Leather Market are Bader GmbH & Co. KG, Bovine Leather, Carroll Leather, GST Autoleather Co. Ltd., Classic Soft Trim, Ctl Leather Inc., Eagle Ottawa, Llc (Lear Corporation), and Gruppo Mastrotto spa
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The Global Automotive Interior Bovine Leather Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Automotive Interior Bovine Leather Market.

Detailed Segmentation:

  •  Global Automotive Interior Bovine Leather Market, By Application:
    • Upholstery/Seat Covers
    • Doors
    • Dashboard and Headliners
    • Steering Wheel
    • Floor Mats/Carpets
    • Others
  • Global Automotive Interior Bovine Leather Market, By Vehicle Type:
    • Passenger Vehicles
      • Economic
      • Mid-Priced
      • Luxury
    • Heavy Commercial Vehicles
    • Light Commercial Vehicles
  • Global Automotive Interior Bovine Leather Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
  • Company Profiles
    • Bader GmbH & Co. KG *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Bovine Leather
    • Carroll Leather
    • GST Autoleather Co. Ltd.
    • Classic Soft Trim
    • Ctl Leather Inc.
    • Eagle Ottawa, Llc (Lear Corporation)
    • Gruppo Mastrotto spa

*Browse all the market data tables and figures on “Global Automotive Interior Bovine Leather Market- Forecast to 2028”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launch/Approval
  4. Global Automotive Interior Bovine Leather Market - Impact of Coronavirus (Covid-19) Pandemic
    • Short Term and Long Term Impact, By Region
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East & Africa (MEA)
    • Short Term and Long Term Impact, By Application
      • Upholstery/Seat Covers
      • Doors
      • Dashboard and Headliners
      • Steering Wheel
      • Floor Mats/Carpets
      • Others
  5. Global Automotive Interior Bovine Leather Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Upholstery/Seat Covers
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Doors
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Dashboard and Headliners
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Steering Wheel
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Floor Mats/Carpets
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  6. Global Automotive Interior Bovine Leather Market, By Vehicle Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Passenger Vehicles
      • Economic
      • Mid-Priced
      • Luxury
        • Introduction
        • Market Size and Forecast, 2021–2028, (US$ Million)
    • Heavy Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Light Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  7. Global Automotive Interior Bovine Leather Market, By Region, 2017-2028  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • U.S.
        • Canada
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • Argentina
        • Brazil
        • Mexico
        • Rest of Latin America
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • China
        • India
        • ASEAN
        • Japan
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Regional Trends
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2021–2028 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of Middle East & Africa
  8. Competitive Landscape
    • Company Profiles
      • Bader GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bovine Leather
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Carroll Leather
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GST Autoleather Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Classic Soft Trim
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ctl Leather Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Eagle Ottawa, Llc (Lear Corporation)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Gruppo Mastrotto spa
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sinotrans Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse market data tables and figures on “Global Automotive Interior Bovine Leather Market-forecast to 2028”

FAQgrowicon

Frequently Asked Questions

The global Automotive Interior Bovine Leather market is expected to reach US$ 6,375.1 million by 2022.
The market is expected to witness a CAGR of 3.8% during the forecast period (2021-2028).
Growing demand for durable bovine leather in car interiors is expected to drive growth of the market during the forecast period.
Passenger vehicles segment held the largest market share among vehicle type segment in terms of value in 2019.
Europe held the largest share in the market in 2019, in terms of value.
Major companies operating in the market are: Bader GmbH & Co. KG, Bovine Leather, GST Autoleather Co. Ltd., Classic Soft Trim, Ctl Leather Inc., Eagle Ottawa, Llc (Lear Corporation), and Gruppo Mastrotto spa.
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