The forecast for office and shop furniture turnover in Norway indicates a slight decline from 151.5 million euros in 2024 to 150.0 million euros in 2028. From 2024 to 2025, a decrease of 0.33% is expected, followed by a 0.26% reduction from 2025 to 2026, a 0.20% decline from 2026 to 2027, and a 0.20% fall from 2027 to 2028.
The 2023 turnover stood at 152.0 million euros. The year-on-year analysis shows a consistent downward trend, with the last two years averaging a 0.4% drop and the CAGR for the five-year period from 2023 to 2028 averaging a decrease of 0.3% annually.
Future trends to watch for include:
- Technological advancements in furniture design and their impact on sales.
- Changes in office and retail space utilization post-pandemic.
- Economic shifts and their effects on corporate and retail investments in Norway.
- Sustainability trends influencing consumer preferences and potentially boosting the demand for eco-friendly furniture.