The Austrian office and shop furniture market saw varying turnover from 2013 to 2023, peaking at €590.4 million in 2018 and dipping to €475.5 million in 2020. By 2023, the turnover stood at €567.3 million, marking a year-on-year increase of 3.22%. Recent trends show a moderate recovery post-2020, with a 5-year CAGR of -0.8% ending in 2023.

Future forecasts predict a slight decline with a forecasted 5-year CAGR of -0.11% and a growth rate of -0.53% by 2028, suggesting a cooling off after recent growth spurts.

Trends to Watch For:

Emerging hybrid work models potentially causing fluctuations in demand for office furniture.
Technological advancements and ergonomic designs driving office furniture innovation.
Sustainability trends influencing materials and production in the furniture industry.