The office and shop furniture turnover in the UK has experienced notable fluctuations between 2013 and 2023. The turnover peaked in 2015 at 3.1 billion Euros but saw a significant decline in subsequent years. From 2019 to 2023, the turnover consistently decreased year-on-year by approximately 1.25% each year, reaching 2.16 billion Euros in 2023. The compound annual growth rate (CAGR) over the last five years leading to 2023 was -1.42%, highlighting a steady negative trend.

Looking ahead from 2024 to 2028, the forecast predicts a continued decline in turnover, with a five-year CAGR of -1.08%. By 2028, the turnover is expected to drop to 2.02 billion Euros.

Future trends to watch for include the increasing impact of remote and hybrid work models on office furniture demand.
The potential rise in sustainable and ergonomic furniture preferences could influence market shifts.
Economic conditions, such as inflation and supply chain disruptions, may further impact turnover in the coming years.