Key Takeaways from Analyst
Global automotive interior bovine leather market growth is driven by rising disposable incomes and growing middle class population in developing countries. Increasing preference of OEMs (Original Equipment Manufacturer) for high quality bovine leather due to its luxurious and aesthetically appealing look can also drive the market growth.
Increasing demand for vegan and eco-friendly materials from ethically conscious consumers can hamper the market growth. Fluctuating raw material prices remain a major challenge for leather manufacturers.
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