As of 2024, the number of enterprises in the luggage, handbags, saddlery, and harness sector in France is forecasted to grow steadily. The data predicts a consistent annual increase from 3.56 thousand enterprises in 2024 to 4.08 thousand in 2028. This growth suggests a positive outlook for the sector, driven by increasing demand and innovation within the industry.
Year-on-year analysis indicates an average annual growth rate close to 3%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to maintain around 3.5%.
Future trends to watch include the impact of sustainability and eco-friendly materials on production, as well as shifts in consumer preferences favoring bespoke and luxury items. Economic fluctuations and evolving trade regulations may also influence the sector’s growth trajectory.
