In 2023, the production of machinery for working hides, skins, or leather, or for making or repairing footwear in Italy stood at a significant level. Forecasts for 2024 to 2028 indicate a consistent decline, from 43.76 thousand items in 2024 to 36.23 thousand items in 2028. This predicts a year-on-year decline, notably with a reduction of approximately 4.36% annually. The last five years’ compound annual growth rate (CAGR) highlights an anticipated average annual decrease of around 4.65%. This steady downward trend suggests a market potentially contracting or transitioning.
Future trends to watch for include technological advancements that could disrupt current production methods, shifts in global demand for leather goods, and the impact of sustainability trends influencing production practices and machinery design. Additionally, the effects of economic factors in Italy and Europe may further influence production numbers in the coming years.
