The production of metal furniture in Germany stood at 1.2842 billion Euros in 2023. From 2014 to 2019, the industry experienced gradual declines, with an annual variation ranging from -0.55% to -6.62%, indicating a downward trend. This trend continued with minor fluctuations, as seen in 2021, where there was a slight recovery of 2.87%, but then returned to decline. A five-year CAGR analysis from 2019 to 2023 presents an average annual decrease of around -1.47%.
Looking forward, the forecast for 2024 to 2028 suggests continuous declines in production value, with a forecasted 5-year CAGR of -0.68%, implying an overall decrease of approximately -3.35% by 2028. Key trends to watch include potential impacts of economic fluctuations, changing consumer preferences towards alternative materials or designs, and technological advancements in manufacturing that may offset declining production values.
