In 2023, the number of enterprises in the leather and fur processing; manufacture of luggage, handbags, saddlery, and harness sector in France stood at approximately 3.5 thousand. The forecasted data shows a steady growth trajectory, with the number of enterprises expected to increase to 3.62 thousand in 2024, reaching 4.12 thousand by 2028. This indicates a Compound Annual Growth Rate (CAGR) of around 3.25% over the five-year period.
Year-on-year variations reveal a stable upward trend, with a nearly consistent annual growth rate of about 3-3.5% from 2024 to 2028.
Future trends to watch for include shifts in consumer preferences towards sustainable and ethically sourced products, increasing digitalization in manufacturing processes, and potential impacts from global trade policies. Monitoring technological advancements and market demands will be crucial for enterprises to maintain growth in this sector.
