The UK leather and fur processing sector, along with the manufacture of luggage, handbags, saddlery, and harnesses, is forecasted to show positive growth from 2024, starting with 478 enterprises and steadily increasing to 502 by 2028. This indicates a consistent year-on-year increase, averaging around 1.2% since 2023, reflecting a stable recovery and expansion in the sector.
Future trends to watch include:
- Environmental and ethical challenges impacting production and consumer preferences.
- Technological advancements enhancing manufacturing processes.
- Shifts in global trade affecting UK exports and imports.
- Potential market disruptions from global economic conditions or policy changes.
