In 2023, the turnover in the French repair of footwear and leather goods sector stood at 193.5 million euros. From 2024 to 2028, a slight downward trend is observed; the forecast shows a minimal decline, from 193.1 million euros in 2024 to 192.2 million euros in 2028. This equates to a negligible average year-on-year decrease. The compound annual growth rate (CAGR) over the forecasted five-year period indicates a very minor contraction, suggesting stability with slightly declining turnover.
Future trends to watch:
- Impact of sustainability and environmental concerns driving consumers to repair instead of replace.
- Technological innovations in repair techniques that may influence sector efficiency.
- Potential shifts in consumer behavior post-pandemic, affecting spending on luxury goods maintenance.