The household expenditure on home furnishing in Norway is forecasted to increase from 40.84 billion Norwegian Krones in 2024 to 46.08 billion Norwegian Krones in 2028. This represents a steady growth trajectory with year-on-year variations of approximately 3.3% from 2024 to 2025, 3.1% from 2025 to 2026, 3.0% from 2026 to 2027, and 2.9% from 2027 to 2028. Over the last two years, the growth has averaged around 3.1%. The compounded annual growth rate (CAGR) over the next five years is roughly 3.1% as well. In 2023, the household expenditure stood at 39.63 billion Norwegian Krones.
Future trends to watch for include an increasing preference for sustainable and eco-friendly home furnishing products, the potential impact of economic fluctuations on consumer spending patterns, and advancements in e-commerce and digital platforms enhancing the customer purchasing experience.
