The German market for employment in the luggage, handbags, saddlery, and harness sector shows a gradual decline from 2024 to 2028. The number of employees is forecasted to decrease from 4.51 thousand in 2024 to 4.24 thousand in 2028. Between 2024 and 2028, there is a consistent year-on-year decrease in employment numbers ranging between 1.50% to 1.62%. From a longer-term perspective, these figures imply a negative compound annual growth rate (CAGR) over the five-year period.
Future trends to watch for in this sector include technological integration in production processes, shifts in consumer preferences toward sustainable products, and potential impacts from global trade policies. Additionally, the growing acceptance of e-commerce may influence the demand dynamics within this market.
