In 2023, the number of footwear enterprises in Germany stood at an actual value of 397. The forecast from 2024 to 2028 shows a modest growth in the sector. From 2024 to 2025, and again from 2025 to 2026, the expected number of enterprises remains stable at 398 and 399 respectively. A slight increase is anticipated in 2028 with a forecast of 400 enterprises. The average compound annual growth rate (CAGR) over these five years is minimal, indicating a stable yet slightly growing industry.
Future trends to watch for:
- The impact of digitalization and e-commerce on startup enterprises in the footwear sector.
- Consumer preferences shifting towards sustainable and ethically produced footwear, potentially driving new market entrants.
- Regulatory changes or trade agreements affecting imports and exports, influencing domestic enterprise growth.