In 2023, the production value for luggage, handbags, saddlery, and harness in France stood below the forecast, providing a benchmark for predicted growth. From 2024, the industry demonstrates a consistent upward trend with steady growth: 8.17 billion Euros in 2024 to a forecast of 10.38 billion Euros by 2028. This increase illustrates a remarkable average yearly growth through a projected compound annual growth rate (CAGR). Year-on-year variations show a continuous positive trend due to increased demand and market expansion factors.
Future trends to monitor include shifts towards sustainable materials, innovative design technologies, and changing consumer preferences influenced by global travel and fashion trends.
