From 2013 to 2023, the number of young high-growth enterprises (gazelles) in the footwear sector in Italy has exhibited fluctuating growth. In 2023, the value stood at 29 enterprises. Notable year-on-year variations indicate significant volatility: 2014 (-35%), 2015 (23.08%), 2016 (-31.25%), 2017 (72.73%), and 2020 (-60.87%). The CAGR, reflecting average variation per year over the last 5 years, was 4.75% in 2023. Following the 2020 drop, a consistent uplift is observed, hinting at recovery towards 31 and 32 enterprises forecasted for 2025 and 2028, respectively.
Future trends to watch for include:
- Technological advancements increasing production efficiency.
- Rising consumer demand for sustainable and ethically produced footwear.
- Potential regulatory changes impacting small and medium enterprises.
- Market adaptation to evolving fashion trends and e-commerce growth.
