The office equipment turnover in Italy has experienced significant fluctuations over the past decade. From 2013 to 2016, a gradual decline was observed, followed by a notable increase starting in 2017. This upward trend continued through 2019, with a significant year-on-year variation of 33.06%, before abruptly dropping 37.23% in 2020. Subsequently, the market rebounded strongly with increments of 55.43% in 2021, and continued growth reaching 365.2 million Euros in 2022. By 2023, turnover stood at 431.5 million Euros, marking an 18.15% increase from the previous year. The average annual growth rate over the last five years (CAGR) was 14.59%.
Looking forward, the forecast for 2024 to 2028 suggests continued growth albeit at a more moderate pace, with a forecasted 5-year CAGR of 2.86% and an overall growth rate of 15.14%. Future trends to watch include the impacts of technological advancements and hybrid work models on office equipment demand, as well as potential shifts due to economic conditions and evolving business needs.
