The leather products industry in Japan is anticipated to decrease in workforce size from 22,000 persons in 2024 to 19,000 persons in 2028. This represents a consistent year-on-year reduction: no change in 2025, a 4.55% decrease in 2026, another 4.76% drop in 2027, and a 5% fall in 2028. With this data, the compound annual growth rate (CAGR) over the 5-year period is forecasted at a negative rate, indicating a shrinking industry workforce.
Future trends to watch include:
- Potential technological advancements or automation reducing the need for labor.
- Shifts in consumer demand towards sustainable and ethically sourced materials possibly impacting employment needs.
- Global trade dynamics influencing Japan's leather market influence and competitiveness.
