The sold production of office metal furniture in Belgium has shown a fluctuating trend from 2013 to 2023. The initial decline from 2015 to 2017 was followed by a significant rebound starting in 2018, peaking at 2.1213 million items in 2023. Notably, the compound annual growth rate (CAGR) from 2018 to 2023 was 5.69%. The year-on-year growth in the recent two years (2022 and 2023) was 2.5% and 3.14% respectively, indicating a steady positive trend.
Looking forward, from 2024 to 2028, the forecasted data suggests a continued upward trend with a forecast five-year CAGR of 2.19%, expecting to reach 2.4351 million items by 2028. This represents an overall growth rate of 11.43% over this period.
Future trends to watch for include:
- Technological advancements in office furniture design and production
- Increasing emphasis on sustainability and eco-friendly manufacturing processes
- Rising demand for adaptable and ergonomic office furniture due to new working arrangements post-pandemic
- Market response to increasing raw material costs
