The number of enterprises in the Wearing Apparel Except Fur sector in Italy is expected to decline gradually from 2024 to 2028. In 2024, the forecasted number is 23.72 thousand enterprises, decreasing to 22.45 thousand by 2028. The year-on-year changes indicate consistent decreases of 1.35% to 1.55% annually. Over the five-year period, there is an expected CAGR of approximately -1.36%. This indicates a steady decline in the number of enterprises operating in this sector.
Future trends to watch for include:
- Potential impacts of sustainability and circular fashion on enterprise growth.
- The role of digital transformation in reinventing business models.
- Consumer demand shifts towards eco-friendly and locally produced apparel.
- Regulatory changes in the fashion industry impacting operational capabilities.
