The number of enterprises in the UK engaged in tanning, dressing of leather, and production of luggage, handbags, saddlery, and harness, as well as dressing and dyeing of fur, is forecasted to experience steady growth. Starting from 489 enterprises in 2024, the figure is expected to rise to 515 enterprises by 2028. This represents a year-on-year percentage increase of approximately 1.4% to 1.5%. The compound annual growth rate (CAGR) over this five-year period also reflects a consistent growth trend.

Future trends to watch for:

Changes in consumer preferences towards sustainable and eco-friendly products could impact enterprise growth and operations.
Technological advancements in materials and production processes may influence market dynamics.
International trade policies and global economic conditions could affect the competitiveness of UK enterprises.