The forecast for household expenditure on home hardware in the US shows a consistent upward trend from 2024 through 2028. In 2023, the actual expenditure was $64 billion USD. The year-on-year variations indicate a steady increase: 2024 sees a 9% rise, 2025 a 6.8% increase, 2026 a 6.3% increase, 2027 a 5.9% increase, and 2028 a 5.5% increase. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is 6.7%.
Future trends to watch for include the impact of technological advancements in home hardware, potential shifts in consumer spending habits, and economic factors such as inflation and interest rates which may influence purchasing power and market growth.
