From 2013 to 2023, the sold production of office and shop furniture in Sweden exhibited significant fluctuations. The value stood at 1240.7 thousand items in 2023, marking a 3.43% increase from the previous year. Notably, strong growth was observed in 2019 and 2020, peaking at 1503.6 thousand items in 2020 with a CAGR of 47% from the previous five years. However, there were declines in 2021 and 2022, with respective year-on-year decreases of 9.8% and 11.56%.
The future forecast suggests a more moderated growth pattern with a projected 5-year CAGR of 2.36%, translating to a 12.4% growth rate by 2028. This indicates a stabilization of the market with a trend toward steady, albeit slower, growth compared to previous volatility.
Future trends to watch for include advancements in sustainable furniture production, an increase in remote work leading to higher demand for home office furniture, and shifts in retail environments which may drive innovations in shop furniture design.
