The forecasting data and actual figures reveal a fluctuating trend in the number of persons employed in the office and shop furniture sector in Belgium over the past decade. From 2013 to 2023, the sector experienced a decline in employment, with year-on-year variations reflecting both sharp decreases and modest recoveries. For instance, 2018 showed an 18.32% increase, while other years like 2016 had a significant decline of 12.91%. The CAGR over the last five years stands at -2.74%, indicating a decelerating trend.
In 2023, employment in the sector stood at 2.06 thousand persons. Future forecasts predict a continued downward trend, with the number decreasing to 1.83 thousand by 2028. The anticipated CAGR for the next five years is -1.91%, highlighting an overall reduction in the workforce within the sector.
Future trends to watch for:
- Technological advancements simplifying furniture design and manufacturing processes potentially leading to reduced labor requirements.
- Global economic shifts affecting consumer demand for office and shop furniture.
- Sustainability movements driving the innovation and material choices in the sector possibly impacting employment dynamics.
- Flexible workspaces influencing demand patterns for office furniture.
