The employment forecast in Germany's luggage, handbags, saddlery, and harness sector shows a declining trend from 2024 to 2028. Starting at 4.51 thousand employees in 2024, the sector is expected to decrease to 4.24 thousand by 2028. The year-on-year variation suggests a consistent reduction of approximately 1.5% annually. In 2023, this sector employed an estimated 4.58 thousand people, highlighting a slight yet steady downward trend.
Future trends to watch for:
- Potential impacts of technological advancements and automation on labor demand.
- Shifts in consumer preferences towards sustainable and locally produced goods.
- Global economic conditions and their effects on export demand.
