In 2024, the forecasted production value of footwear with rubber, plastic, or leather soles and textile uppers in Italy is €569.24 million, marking a continuation from a previous standing point of €556 million in 2023. Over the next few years, we anticipate a steady year-on-year growth: 2.11% in 2025, 2.05% in 2026, 1.97% in 2027, and 1.93% in 2028. This results in a Compound Annual Growth Rate (CAGR) of approximately 2.01% from 2024 to 2028.
Future trends to watch for:
- Sustainability concerns, potentially influencing the choice of materials and production processes.
- Economic factors and legislative changes in the European Union affecting production costs and market dynamics.
- Technological advancements in manufacturing that could lead to efficiency improvements or new product lines.