In 2023, the gross investment in the leather products sector in France stood at 265.9 million euros. The forecasted data for the subsequent years reveals a steady growth trend: 274.34 million euros in 2024, 283.78 million euros in 2025, 293.03 million euros in 2026, 302.1 million euros in 2027, and 310.98 million euros in 2028.
The year-on-year variations indicate modest but consistent growth: 3.18% from 2024 to 2025, 3.27% from 2025 to 2026, 3.09% from 2026 to 2027, and 2.93% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 3.14%.
Future trends to watch for include:
- The impact of sustainability practices on investment in the leather industry.
- Technological innovations leading to enhanced production efficiency.
- Changing consumer preferences toward eco-friendly and cruelty-free products.
- Global economic conditions influencing external funding and investments.
