In 2023, the production value of tanning, dressing of leather, luggage, handbags, saddlery and harness, as well as dressing and dyeing of fur in France stood at €7.16 billion. According to forecasts, the industry is set to experience a steady growth trajectory. The projected values are €7.56 billion in 2024, €7.96 billion in 2025, reaching €9.15 billion by 2028. Year-on-year growth is consistently around 5%, while the compound annual growth rate (CAGR) over the next five years is approximately 5.06%.
Future trends to watch for:
- Consumer preference for sustainable and ethically sourced materials may drive innovation.
- The integration of technology, such as AI and automation in manufacturing, could enhance production efficiency.
- Global economic factors, like exchange rates and trade policies, will continue to influence export dynamics.
- The rise of e-commerce and digital marketing could expand market reach and consumer engagement.
