The number of jewellery enterprises in Germany is expected to grow from 3.58 thousand in 2024 to 3.83 thousand by 2028, indicating a steady annual rate of increase. The year-on-year growth rate is relatively minor but positive, averaging around 1.36% annually over the five-year forecast period. In 2023, standing at 3.5 thousand enterprises, the rising trend supports ongoing investment and interest in the jewellery sector.
Future trends to watch for include:
- Increasing focus on sustainability and ethical sourcing, potentially influencing new business models and consumer demand.
- Integration of technology in manufacturing and retail processes, enhancing efficiency and customer experience.
- Consumer shifts towards personalized and customizable jewellery options.