Forecast: Number of Self-Employed Persons in Fabricated Metal Products in the US

The number of self-employed individuals in the fabricated metal products sector in the US remained stable at 24,000 in 2024 and 2025 before starting a gradual decline, reaching 22,000 by 2028. There was no change in the number of self-employed individuals between 2023 to 2025, following which the sector experienced a year-on-year decrease of 4.17% in 2026 and 2027, stabilizing thereafter. The compound annual growth rate from 2024 to 2028 shows an average annual decrease of approximately 2.20% over five years.

Future trends to watch for in the sector include:

  • Technological advancements that may further impact self-employment opportunities.
  • Shifts in market demands affecting small producers.
  • Potential regulatory changes impacting the framework in which self-employed individuals operate.
  • Economic factors that could either hinder or promote self-employment sustainability in niche markets.

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