The number of enterprises in the leather products sector in Germany is projected to grow steadily. Starting at approximately 1.43 thousand in 2023, forecasts suggest an increase to 1.52 thousand by 2028. From 2024 to 2028, the year-on-year increase is relatively consistent, with about a 1.36% growth per annum, reflecting a stable but modest upward trajectory. Notably, the compound annual growth rate (CAGR) over this five-year period is around 1.5%.
Future trends to watch for include the impact of sustainability initiatives and technological advancements in production. These factors may drive shifts in enterprise strategies and competitive positioning within the sector.
