In 2023, the number of self-employed individuals in the US furniture manufacturing sector stood at approximately 22,000. The forecast shows a decline in their numbers, dropping to 21,000 in 2024 and leveling off at 20,000 from 2025 through 2027, before reaching 19,000 in 2028. Compared to 2023, this represents a gradual reduction indicating a -4.5% YoY decrease initially, followed by stability and a further -5.0% drop by 2028. The Compound Annual Growth Rate (CAGR) over these five years averages around -3.0%, demonstrating a clear downward trend.
Future trends to watch for include increased automation and digitalization within the furniture manufacturing sector, which may deter self-employment by favoring larger enterprises with capital-intensive technologies.
