Over the past decade, the office equipment production value in the UK has shown a general downward trend, with a few exceptions. Starting at €1.06 billion in 2013, it peaked in 2015 at €1.09 billion before initiating a consistent decline. By 2023, the value had dropped to €0.8824 billion. Year-on-year variations reveal fluctuations, with significant declines in 2016 (-7.91%) and 2017 (-6.29%). The average annual growth rate (CAGR) over the last five years stands at -0.33%.
The forecast from 2024 to 2028 anticipates a continued decline, albeit at a slower pace. By 2028, the production value is projected to be €0.8469 billion, with a forecasted CAGR of -0.65%.
Future trends to watch for:
- Adoption of digital solutions and paperless offices.
- Shifts toward remote and hybrid working models.
- Technological advancements in office equipment.
- Environmental sustainability initiatives in the industry.
