The projected turnover for the luggage, handbags, saddlery, and harness market in Germany shows a consistent downward trend from 2024 to 2028. In 2023, the actual turnover stood markedly higher than the forecast for subsequent years. From 2024 to 2025, the turnover is expected to decline by 8.5%, followed by a 9.0% decrease from 2025 to 2026. The fall continues with a 9.7% drop from 2026 to 2027, and an additional 10.4% decrease from 2027 to 2028. Over the forecasted period, the compound annual growth rate indicates a consistent annual decline.
Future trends to watch for include the impact of consumer shifts towards sustainable and eco-friendly products, which may reshape demand. Additionally, economic factors such as inflation and consumer confidence could further influence market performance.
