Leather & Leather Goods Manufacturing in Germany - Market Research Report (2014-2029)

The leather and leather goods manufacturing industry in Germany largely supplies the automotive, furniture and footwear industries and is therefore also tied to these markets. Due to the slowdown in economic growth, the automotive market and the market for leather-covered luxury furniture were already weakening in 2019. As a result, leather upholstery was much less in demand in both markets and was also partially replaced by alternative products such as imitation leather. Demand for shoe leather also collapsed in 2020. In 2021, the industry suffered further declines in demand from the automotive industry due to supply bottlenecks in car manufacturing. In 2022, the customer markets recovered noticeably, but were unable to fully compensate for the sales shortfalls at the beginning of the five-year period. As a result, turnover in the leather industry fell by an average of 3.2% per year in the period from 2019 to 2024. In the current year, a slight decline in turnover of 0.1% to 657.9 million euros is expected due to falling demand from the furniture industry.