In 2023, the number of enterprises in the wearing apparel sector in Germany was a foundational measure preceding the forecast. From 2024 to 2028, the sector is projected to undergo a consistent upward trend. The forecast indicates a gradual increase each year, starting from 2.97 thousand enterprises in 2024, climbing to 3.13 thousand enterprises by 2028. The year-on-year growth is modest, signaling a stable expansion in the sector. From 2026 to 2027, the sector grows by approximately 1.31%, and from 2027 to 2028, it continues similarly at around 1.29%. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 1.33%.
Future trends to watch for:
- Emergence of sustainable and eco-friendly fashion driving growth in new enterprises.
- Technology integration such as digital design and manufacturing automation impacting enterprise operations.
- Potential shifts in consumer preferences post-pandemic affecting demand and enterprise strategies.
- Impact of international trade policies and economic changes within the EU influencing local enterprise growth.