From 2013 to 2023, the sold production of kitchen furniture in Germany experienced a varying trajectory. After moderate growth in the early years, peaking in 2019, the market saw a significant dip in 2020. However, it rebounded, reaching 34.29 million items in 2023. Year-on-year variations highlight periods of both growth and contraction, with a noteworthy decline in 2020. The five-year CAGR leading up to 2023 indicates modest growth despite previous fluctuations.
Projected data from 2024 onwards suggests a steady increase, with the sector expected to grow at an average annual rate of 0.66% over the next five years and achieve a 3.37% overall growth by 2028.
Future trends to watch for include:
- Changes in consumer preferences for sustainable and customizable kitchen furniture.
- Impact of digital transformation on supply chains and production processes.
- Influence of economic factors such as inflation and raw material costs.