The turnover in the luggage, handbags, saddlery, and harness sector in France is forecasted to grow steadily from 2024 to 2028, according to projections. Starting at 7.3 billion Euros in 2024, it is expected to increase each year, reaching 8.47 billion Euros by 2028. This suggests a consistent annual increase, with a compounding annual growth rate (CAGR) over the years. Compared to 2023, this represents a robust growth trajectory for the sector. The year-on-year percentage growth hints at a stable industry, conducive to strategic investments.
Future trends to watch for include advancements in sustainable materials, digital transformation impacting consumer behavior, and increased demand for high-quality, luxury products as disposable incomes potentially rise. Furthermore, geopolitical factors and economic policies could influence this sector’s trajectory, presenting both risks and opportunities.
