The Electric Lamp Bulb and Part Manufacturing industry in the US is projected to experience a declining trend in gross output from 2024 to 2028. The industry is expected to see a decrease in value from $991.75 million in 2024 to $770.75 million by 2028. The downward trajectory corresponds to year-on-year declines, reflecting consistent pressures on the industry.

Forecasted figures indicate substantial year-on-year decreases, suggesting challenges within the market such as shifts towards energy-efficient lighting solutions and changing consumer preferences. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 mirrors this negative trend.

Future trends to monitor include: