Forecast: Gross Investment in Leather and Fur Processing; Manufacture of Luggage, Handbags, Saddlery and Harness Sector in Germany

In 2023, gross investment in the leather and fur processing, and manufacture of luggage, handbags, saddlery, and harness sector in Germany stood at 35.8 million euros. The forecast indicates a gradual increase from 36.5 million euros in 2024 to 39.1 million euros in 2028. Year-on-year variation is consistent, showcasing a steady upward trend with compounded annual growth over five years suggesting a moderate increase.

Future trends to watch for:

  • Shifts in consumer preferences towards sustainable and ethical products influencing investment.
  • Impact of technological integration on production processes and efficiency.
  • Potential market expansion due to increased global demand and exports.
  • Regulatory changes impacting the use of leather and fur materials.

Top Countries about Luggage