The number of employees in the footwear sector in Germany stood at 11.16 thousand in 2023. Analyzing the historical data, the sector has seen significant variations over the past decade. From 2013 to 2017, the sector experienced a decline, with the number of employees dropping from 9.08 thousand to 7.89 thousand. A notable increase occurred in 2018, reaching 11.47 thousand, followed by steady fluctuations, peaking at 11.88 thousand in 2019 and a slight decrease in 2020. The last two years showed minor increases of 0.54% each year.
Future trends signal moderate growth with projected employee numbers reaching 11.45 thousand by 2028. The five-year compound annual growth rate (CAGR) from 2023 to 2028 is forecasted at 0.41%, indicating a stable but cautious growth trajectory.
Future trends to watch for include:
- Potential impacts of automation and digitalization in manufacturing processes.
- Shifts in consumer preferences towards sustainable and eco-friendly products.
- Global trade dynamics and their influence on the German footwear market.
- Strategic market expansions and partnerships within the EU and beyond.
