The sold production of office metal furniture in Belgium showed significant growth from 2013 to 2021, peaking in 2021 at 85.631 million euros. However, the value slightly declined in 2022 and 2023, positioning the industry at 78.901 million euros in 2023. The forecast from 2024 to 2028 indicates a continual decrease, with a projected value of 62.73 million euros in 2028. This represents an average annual decline (CAGR) of -3.66% over the next five years, suggesting a downward trend.
Key trends over the last two years observed:
- 2022: Decrease of 3.97% compared to 2021.
- 2023: Decrease of 4.05% compared to 2022.
Future trends to watch for:
- Market diversification and product innovation to counteract decreasing demands.
- Potential technological advancements in office furniture manufacturing.
- Economic and regulatory changes impacting industry growth.
