The import of machinery for hide and leather work, including footwear, to India, is forecasted to grow steadily from $93.979 million in 2024 to $101.12 million in 2028. In 2023, the imports stood at approximately $92 million. The year-on-year growth rates are expected to hover around 2% each year, reflecting a consistent rise in demand. This results in a compound annual growth rate (CAGR) of approximately 1.88% over the five-year forecast period.

Future trends to watch for include:

Advancements in technology enhancing machinery efficiency.
Government initiatives promoting domestic leather industries.
Fluctuations in global raw material prices impacting the import value.
Trade policies affecting import tariffs and regulations.
Shifting consumer preferences toward sustainable and eco-friendly products influencing machinery demand.