The labor cost per employee FTE in the luggage, handbags, saddlery, and harness sector in France was previously recorded in 2023, leading us to an anticipated increase to 60.6 thousand euros in 2024. This forecast projects a steady annual growth rate, peaking at 65.4 thousand euros in 2028. Year-on-year increases from 2024 to 2028 show a consistent growth trend, with each year witnessing approximately a 2% increase in labor costs.

Key trends to watch for include potential changes in economic conditions, inflation rates, and regulatory changes that may impact labor costs. Additionally, technological advancements in manufacturing practices could affect productivity and labor demand, influencing cost structures in this period.