The sold production of office and shop furniture in Belgium experienced fluctuations and varying growth rates over the past decade. From 2013 to 2015, we observed a declining trend with a notable dip in 2015. The market rebounded slightly from 2016 to 2019, with a significant surge in 2018. In recent years, from 2020 to 2023, the industry showed a mix of minor growth and contractions. Notably, in 2023, the sold production stood at 149.92 million Euros, marking a slight decline of 3.41% from the previous year. Over the last five years, the average annual growth rate (CAGR) was -0.49%.
The forecast from 2024 to 2028 suggests a continuous decline, with the production expected to decrease by 3% annually on average, resulting in an overall reduction of 14.14% over these years. Key areas to monitor in the future include the impact of technological advancements in office environments, changing work habits, and economic conditions affecting business investments in office infrastructure.
