In 2023, the number of enterprises in the Italian footwear sector was recorded at 7.08 thousand. The forecasted data from 2024 to 2028 indicates a steady decline: 6.94, 6.8, 6.66, 6.52, and 6.38 thousand enterprises respectively. Year-on-year variations show a consistent decrease, with a 2.0-2.2% drop annually. The Compound Annual Growth Rate (CAGR) over the five years reflects a negative trend of approximately 2%.
Future trends to watch include:
- Digitalization and e-commerce growth impacting traditional business models.
- Increasing focus on sustainable and ethically produced footwear.
- Potential market consolidation as smaller enterprises face challenges in adapting.
- Shifting consumer preferences towards athleisure and functional footwear.