The number of employees in Italy's leather and fur processing, and the manufacture of luggage, handbags, saddlery, and harness sector, is forecasted to see a gradual increase from 2024 to 2028, starting at 69,850 employees in 2024 and rising to 74,860 by 2028. Comparatively, the sector stood firm in 2023, indicating steady growth expectations.
Year-on-year growth shows an average annual increase of about 1.85%, suggesting a cautiously optimistic recovery and expansion for the industry. The Compound Annual Growth Rate (CAGR) over the five-year period is also projected to reflect similar growth.
Future trends to watch for include the impact of sustainable practices within the sector, technological advancements in manufacturing processes, and shifts in consumer preferences towards eco-friendly and ethically produced materials. Additionally, navigating potential trade policy changes in Europe could influence employment and market dynamics through 2028.
