In 2023, the sold production of machinery for working hides, skins, or leather or for making or repairing footwear in Germany stood at approximately 29.25 million euros. From 2024 to 2028, a steady growth is anticipated, with values forecasted to rise from 31.909 million euros in 2024 to 43.046 million euros in 2028. This represents a compound annual growth rate (CAGR) of around 7.8% over the five-year period. Year-on-year, the sector is expected to grow by approximately 8.9% from 2024 to 2025, continuing similarly in subsequent years and showing a strong upward trend.
Future trends to watch include technological advancements in machinery, which could drive efficiency and innovation, affecting production costs and output. Additionally, shifts in global demand for leather goods and sustainability concerns within the industry could impact the market positively or negatively. Monitoring these factors will be crucial for stakeholders aiming to capitalize on growth opportunities.
