The sold production of office metal furniture in the UK has shown variability over the past decade. In 2013, the market was at 284.39 million Euros and witnessed a rise until 2015 with 335.84 million Euros, before declining significantly by 2017 to 267.82 million Euros. Notable fluctuations were observed with an upward movement in 2019 reaching 305.15 million Euros, followed by a decrease to 270.06 million Euros in 2023. The compounded annual growth rates (CAGR) over the periods reflect these oscillations with positive and negative trends.
In the most recent years before 2024, the year-on-year variations demonstrate a pattern of declines:
- From 2022 to 2023: -1.93%
- From 2021 to 2022: -1.93%
Looking forward to the forecasted period from 2024 to 2028, the expectations show a continuous decline in market values, with the 5-year CAGR projected at -1.72% and an overall growth rate decline of -8.3% by 2028.
Future trends to watch for include potential impacts of economic recovery, shifts toward sustainable and modular office furniture, and the possible continued influence of remote working trends on demand for office furniture.
