The Norwegian office and shop furniture sector saw a decline in employment from 2024 to 2028. In 2023, the number of persons employed was 630. Forecasts for 2024 show a 3.8% decrease to 606 employees. This declining trend continues with a 3.8% drop to 583 in 2025, 3.8% to 561 in 2026, 3.9% to 539 in 2027, and a 3.9% drop to 518 by 2028. The compound annual growth rate (CAGR) over these five years reveals a consistent average annual decline of approximately 3.8%.
Future trends to watch for:
- Impact of technological advancements and automation on job reduction in the sector.
- Potential market shifts from traditional office setups to home office equipment due to remote working trends.
- Global economic conditions affecting consumer spending and investment in new furniture.