From 2024 onwards, employment in Germany's Repair of Footwear and Leather Goods sector shows a slight, steady decline in the forecast period from 1.44 thousand in 2024 to 1.40 thousand in 2028. This represents year-on-year percentage decreases: approximately 0.69% in both 2025 and 2026, 0.70% in 2027, and 0.71% in 2028. The compound annual growth rate (CAGR) over the next five years is around -0.70%, indicating a gradual shrinkage in employment.
Future trends to watch for:
- Technological advancements could further reduce manpower requirements even as demand for skilled artisans grows.
- Market dynamics driven by sustainability and consumer preference for repair over replacement may impact employment trends.
- Potential changes in economic conditions and trade policies that could affect sector stability and job growth.