The production of office and shop furniture in Germany has displayed varied trends over the past decade. The sector experienced steady growth from 2013 to 2018, with notable year-on-year increases peaking in 2018 at 5.8%. A significant decline occurred in 2019 and 2020, likely influenced by broader economic issues and the COVID-19 pandemic. Recovery began in 2021 and 2022, maintaining positive year-on-year variations up to 2023, where the sector observed a mild increase of 1.89%.
For 2023, the value of sold production of office and shop furniture stood at approximately 7.4 million items. The compound annual growth rate (CAGR) for the previous five years (2018–2023) was -3.17%, illustrating an overall decline in the sector.
Looking forward from 2024 to 2028, forecasts suggest a continued gradual decline. The forecasted CAGR for the next five years is -0.97%, with an overall projected growth rate of -4.78%. The expected downward trend underscores potential challenges and market contractions moving forward.
Future trends to watch for include technological advancements in office furniture design, sustainability practices, and the impact of hybrid work models on furniture demand. Additionally, economic factors and shifts in consumer preferences towards multi-functional and ergonomic furniture may also influence market dynamics.
