The Gross Value Added per employee FTE in the luggage, handbags, saddlery, and harness sector in Germany is forecasted to increase steadily from 2024 to 2028. Starting at 55.2 thousand euros in 2024, it is expected to reach 58.5 thousand euros by 2028. Compared to 2023, where the actual value was slightly lower, this upward trend represents consistent year-on-year growth averaging 1.5% annually, showcasing healthy productivity gains in the sector.
Future trends to watch include:
- Technological advancements improving production efficiency.
- Potential impacts of global trade policies on material costs and pricing.
- Shifts in consumer preferences towards sustainable and innovative products.
