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.