The turnover for office furniture and shop furniture in Finland exhibited notable fluctuations from 2013 to 2023. In 2013, the market stood at €283.0 million, experiencing erratic changes over the years. Significant growth was observed between 2016 and 2019, with year-on-year increases peaking at 15.84% in 2019. However, the market faced a downturn in 2020, dropping by 16.58%, likely influenced by the COVID-19 pandemic. Recovery was swift in 2021 and 2022, achieving €520.6 million by 2023, with an 8.34% increase from the previous year.
Key trends over the last two years included:
- A substantial rebound in 2021, with a 19.34% year-on-year increase.
- Continued growth in 2022 and 2023, with 12.05% and 8.34% increases, respectively.
The five-year CAGR from 2018 to 2023 stood at 6.96%, reflecting robust overall growth.
Future trends to monitor include a moderate forecasted growth rate of 1.6% CAGR over the next five years, indicating steady but slower growth compared to recent years. Emerging factors such as hybrid work models and sustainable design trends could influence market dynamics significantly.
