The German production of machinery for making or repairing footwear, specifically machines for cutting leather into shapes and pricking machines, has seen a sharp decline from 2017 to 2021, with the value dropping significantly year-on-year. From 2017 to 2021, the Compound Annual Growth Rate (CAGR) indicates an average annual decrease. There's no data for 2023, but assuming no drastic changes, the trend suggests a continued contraction in production quantity.
Future trends to watch for include:
- Potential recovery in response to rising global demand for footwear.
- Technological advancements that might lead to increased efficiency and production capacity.
- Shifts in the global leather product market that could influence machinery demand.
- Environmental regulations impacting production processes and materials used.