Forecast: Number of Enterprises in Footwear Sector in Italy

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.

Top Countries about Footwear