The sold production of wooden furniture used in offices in Germany experienced fluctuating annual growth from 2013 to 2023, peaking in 2019 with 1280.6 million Euros before declining in 2020 to 1095.3 million Euros. The recovery post-2020 showcases a more stable trend, reaching 1321.7 million Euros in 2023. The series shows significant recovery and growth post-pandemic, peaking in 2018 at a growth rate of 9.5% over the previous year. The five-year CAGR stands at 1.45%, reflecting modest growth over the period.
Future trends to watch for:
- Continuing upward trend with a forecasted CAGR of 0.78% over the next five years, showing steady but slow growth.
- Potential influences from economic conditions, technological advancements in the manufacturing process, and sustainability trends.
- Market shifts towards ergonomics and multifunctionality in office furniture could drive demand slightly higher than predictions indicate.