The number of hours worked in floor and wall covering in Sweden has shown a steady increase from 2013 to 2023, with the value reaching 18.293 million hours in 2023. The sector observed varied year-on-year growth, with the highest being 7.06% in 2015 and a few minimal declines, such as -0.53% in 2019. Over the past five years, the compound annual growth rate (CAGR) stood at 1.88%, indicating consistent, albeit moderate, growth.
For the years ahead, projected data from 2024 to 2028 shows a sustained upward trend. The sector is expected to grow with a CAGR of 2%, translating to a 10.43% growth over the next five years, culminating in 20.755 million hours worked by 2028. This continued increase reflects ongoing demand and possibly expansions or efficiencies within the industry.
Future trends to watch for:
- Technological advancements reducing manual labor.
- Increased demand for eco-friendly floor and wall covering options.
- Potential impacts of economic shifts and construction industry trends.
