The Gross Value Added per employee FTE in the luggage, handbags, saddlery, and harness sector in France stood at 114.7 thousand Euros in 2023. From 2024 onward, forecasts indicate a steady year-on-year growth with a progression from 116.0 thousand Euros in 2024 to 119.5 thousand Euros by 2028. This reflects an incremental annual increase ranging from approximately 0.8% to 1.2% per year, culminating in a compound annual growth rate (CAGR) that suggests a stable, positive growth trajectory over the five-year forecast period.
Future trends to watch for include potential impacts of technological advancements, shifts in consumer preferences toward sustainable materials, and geopolitical factors influencing supply chains, which could affect the economic dynamics and value added in this sector.
