In 2023, the office and shop furniture industry in the UK employed approximately 18,93 thousand people. Between 2024 and 2028, the industry is forecasted to experience a gradual decline in employment, decreasing from 18.86 thousand to 18.58 thousand, representing a year-on-year decrease of around 0.4%. The compound annual growth rate (CAGR) for employment over the five years from 2024 to 2028 is estimated at -0.37%, indicating a slow-paced contraction in workforce numbers.
Future trends to watch for include:
- Technological advancements and automation affecting labor demand in production.
- Shifts in workplace culture impacting furniture demand.
- Sustainability practices influencing new product development and employment in production.