The analysis of office and shop furniture hours worked in Sweden highlights a varied trend over the past decade. The value stood at 8.2302 million hours in 2023. Over the past two years, the year-on-year growth has softened with a 3.86% increase in 2022 followed by a 2.2% increase in 2023. However, looking over the last five years shows a minimal average annual decline (CAGR) of -1.65%. This suggests that the industry faced some volatility, likely influenced by market dynamics, economic conditions, and potentially the global pandemic in 2020.
Future trends to watch include:
- Potential for a continued slow decline in hours worked, with a forecasted 5-year CAGR of -0.57%.
- Innovation in office and shop furniture design and manufacturing techniques impacting hours worked.
- Market responses to changing workplace environments and remote work trends.