In 2023, actual hours worked in this sector in Germany stood slightly higher compared to the forecasted data for subsequent years. The forecast from 2024 to 2028 shows a consistent year-on-year decline in hours worked by approximately 2.5%, decreasing from 7.7993 million hours in 2024 to 7.0304 million hours in 2028. The compounded annual growth rate (CAGR) over the five-year period reflects a downward trend, indicative of potential market challenges or increased efficiency in operations.
Future trends to watch for include:
- Technological advancements potentially reducing manual hours required.
- Shifts in consumer demand for leather and fur products, possibly influenced by sustainability concerns.
- Regulatory changes impacting production practices and labor requirements.