In 2023, the production value for tanning, dressing of leather, luggage, handbags, saddlery, and harness, along with dressing and dyeing of fur in Italy, stood at 17.14 billion euros. Forecast data from 2024 to 2028 indicates a consistent upward trend. Notably, the year-on-year growth from 2024 to 2028 is roughly in the 2.2% to 2.3% range. The compound annual growth rate (CAGR) over these five years is approximately 2.2%, signaling stable growth in the industry.
Future trends to monitor include:
- Increasing demand for sustainable and eco-friendly products, which could drive innovation in materials and processes.
- The impact of global economic factors on luxury goods consumption, affecting high-value leather products.
- Technological advancements in manufacturing techniques, potentially enhancing efficiency and quality.
- Shifts in consumer preferences towards multifunctional and versatile products, impacting design and functionality.
