In 2023, the number of employees in Italy's luggage, handbags, saddlery, and harness sector stood at 48.50 thousand. Looking at the forecast from 2024 to 2028, we observe a consistent upward trend. The sector's employment is expected to grow year-on-year, with a projected increase of 2.87% in 2024, 2.87% in 2025, 2.75% in 2026, 2.66% in 2027, and 2.57% in 2028. The cumulative average growth rate (CAGR) over the five-year forecast period is approximately 2.74% per annum, indicating steady growth.

Future trends to watch for:

Adoption of sustainable and eco-friendly materials, potentially driving employment growth as companies innovate.
Impact of digitalization and automation, which could shift job roles and skill requirements.
Influence of global economic conditions on luxury goods demand and its effect on employment in this sector.