The employment trend in Austria's office and shop furniture sector has been displaying a consistent downward trajectory from 2013 to 2028. As of 2023, employment stood at 3.06 thousand employees. Year-on-year variations indicate a persistent decline, particularly sharp drops in 2016 (-11.53%) and during the pandemic-impacted 2020 (-6.46%), followed by a more moderate but consistent decrease in subsequent years, reaching a -3.11% fall in 2023. The five-year Compound Annual Growth Rate (CAGR) further illustrates this trend, with a -3.02% decline from 2018 to 2023, and forecasted to be -2.7% until 2028, equating to a -12.81% decrease over the period.
Future trends to watch for:
- Increased automation and digitalization potentially impacting employment further
- Shifts in work culture and demand for office furniture, fostered by remote and hybrid working models
- Sustainability trends influencing furniture production and possibly altering employment needs within the sector
