The production value of office and shop furniture in Germany has seen fluctuations over the years, peaking in 2016 and experiencing a slight decline afterward. The value was 5.1 billion euros in 2023. Over the past two years, the market slightly retracted with year-on-year decreases of 0.21% in both 2022 and 2023. The last five years have shown an average annual decrease (CAGR) of -1.3%. Future forecasts suggest a gradual decline with a forecast 5-year CAGR of -0.16% and a forecast five-year growth rate of -0.8%.
Future trends to watch for include the potential impact of remote work trends on office furniture demand, increasing sustainability requirements, and technological integration in furniture manufacturing.
