In Italy, employment in the luggage, handbags, saddlery, and harness sector is projected to grow steadily from 54.75 thousand in 2024 to 59.84 thousand by 2028. Year-over-year, employment is expected to increase between 2.1% and 2.6%. This consistent growth indicates a positive trend in the industry. The compound annual growth rate (CAGR) over the forecasted five-year period stands at approximately 2.3%.
Future trends to watch for include:
- Increasing demand for high-quality leather goods due to global fashion trends.
- Potential impacts of sustainability and eco-friendly practices on production and employment.
- The role of technological advancements in manufacturing efficiency and customer engagement.