In 2023, the share of young high growth enterprises (gazelles) in the population of active enterprises in the Italian leather products sector was approximately 2.05%. The forecasted data indicates a steady year-on-year increase: 2.17% in 2024, 2.29% in 2025, 2.41% in 2026, 2.53% in 2027, and 2.65% in 2028. This consistent growth implies a Compound Annual Growth Rate (CAGR) of 5.2% from 2024 to 2028.
Future trends to watch for include:
- Innovations in sustainable and ethical leather production, which could drive growth among young enterprises.
- Demand shifts towards high-quality artisan products, presenting opportunities for new market entrants.
- The influence of digitalization in marketing and distribution strategies for gazelles in this sector.