In 2023, the sold production of bedroom, dining-room, and living-room wooden furniture in Germany stood at 16.83 million items. The forecast for 2024 indicates a slight decrease to 16.577 million, marking a 1.5% decline compared to the previous year. This downward trend continues with a year-on-year decrease: 1.5% in 2025, 1.52% in 2026, 1.54% in 2027, and 1.53% in 2028. The compound annual growth rate (CAGR) over this five-year period is expected to be -0.97%.
Future trends to watch for:
- Sustainable and eco-friendly furniture demand could influence market dynamics.
- Changes in home living trends due to urbanization and remote working could impact production.
- Economic factors such as inflation and consumer spending power.