Forecast: Office Furniture and Shop Furniture Wages and Salaries in Germany

The historical data for office and shop furniture wages and salaries in Germany shows variable growth between 2013 and 2023. In 2023, the market value reached 1.39 billion euros. The fluctuations over this period resulted in a mixed trend, with significant year-on-year variations, peaking at 13.42% in 2016 and dropping by 6.6% in 2014.

In the recent two years:

  • The market experienced a rise of 1.26% in 2022.
  • Another incremental growth of 1.24% was observed in 2023.

The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) stood at 0.95%, indicating moderate overall growth.

Looking ahead, from 2024 to 2028, the market is projected to expand at a five-year CAGR of 0.92%, with an overall growth rate of 4.66%. This forecast suggests steady but slow growth in the sector.

Future trends to watch for include technological advancements in furniture manufacturing, shifts in working environments such as remote work, and economic factors influencing wage structures.