Italy leads in the number of enterprises in the European luggage, handbags, saddlery, and harness industry but experienced a slight decline. France and the Netherlands displayed robust growth in 2023, while Germany also showed a positive trend. Poland, the UK, and Sweden saw moderate growth, while Italy and Spain exhibited a decline. Belgium achieved the highest growth rate with double-digit expansion. Despite minor regressions, countries like Austria and Lithuania experienced notable increases. The outlook suggests France, Germany, and the Netherlands could sustain growth, driven by innovation and stable demand, while Italy may need to strategize to counteract its downturn.
Future trends to watch include technological innovations in manufacturing, sustainable practices, and diversification to capture emerging markets. France and the Netherlands may capitalize on these trends for continued growth, while Italy might need to adapt quickly to remain competitive. Additionally, smaller markets like Belgium and Austria might continue to grow at higher rates due to favorable economic policies and targeted market expansions.
Top countries in Luggage, Handbags, Saddlery, Harness Number of Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,730 | 2023 | -0.27% | -2.46% | View data |
| 2 | 2 France | 3,430 | 2023 | +4.13% | +6.14% | View data |
| 3 | 3 Poland | 1,120 | 2023 | +1.54% | +1.18% | View data |
| 4 | 4 Germany | 994 | 2023 | +3.01% | +4.18% | View data |
| 5 | 5 Spain | 848 | 2023 | -0.24% | -1.15% | View data |
| 6 | 6 Netherlands | 671 | 2023 | +6% | +7.06% | View data |
| 7 | 7 United Kingdom | 459 | 2023 | +2% | +2.09% | View data |
| 8 | 8 Sweden | 446 | 2023 | +2.06% | +2.51% | View data |
| 9 | 9 Romania | 287 | 2023 | -3.37% | -2.81% | View data |
| 10 | 10 Portugal | 286 | 2023 | 0% | -0.95% | View data |
