The German office and shop furniture market witnessed considerable fluctuations over the past decade. From 2013 to 2023, turnover varied, hitting a peak in 2016 at €5.9 billion and showing a slight decline afterward. The year-on-year variations confirm this instability, with significant growths and declines, leading to a recent stagnation. As of 2023, the turnover stood at €5.49 billion. Over the last two years, the market presented a negligible increase, showing modest growth after a period of slight decreases. The Compound Annual Growth Rate (CAGR) over the last five years stands at -1.16%.
Looking ahead, the market is projected to remain relatively stable from 2024 to 2028, with turnover around €5.49 to €5.50 billion, translating to a forecasted 5-year CAGR of 0.03%. Future trends to watch for include the impact of remote work on office furniture demand, increasing emphasis on sustainable and ergonomic furniture, and advancements in smart furniture technology.
