From 2013 to 2023, the office and shop furniture sector in the Netherlands experienced fluctuations in hours worked. The data indicates a downward trend with a Compound Annual Growth Rate (CAGR) of -1.86% over the last five years. Specifically, 2023 saw a value of 15.095 million hours, reflecting a year-on-year decline of 1.53%. The data shows an overall decrease in hours worked since 2013, with notable drops around 2014 and 2015, a brief recovery in 2016 and 2017, and a return to a downward trend from 2018 onwards.
Looking ahead, forecasted data from 2024 to 2028 suggests a continuing decline in hours worked, with a projected CAGR of -1.25%. By 2028, the value is expected to fall to 13.957 million hours, representing an overall decrease of approximately 6.1% over this period. This indicates a persistent downward trajectory in the sector, which stakeholders should consider when planning for the future.
Future trends to watch for include:
- Technological advancements reducing manual labor requirements
- Shifts in demand for office and shop furniture due to evolving work environments (e.g., remote work)
- Economic factors impacting investment in commercial spaces
- Sustainability trends leading to potential changes in materials and production methods
