Public Building and Related Furniture Sales in the US have seen a persistent decline over the past decade. Starting at $1.3273 billion in 2013, the value has diminished to $0.77128 billion by 2023, representing a significant drop. The year-on-year variation has largely been negative, with the past two years of 2022 and 2023 showing reductions of -5.61% and -5.83% respectively. The five-year CAGR from 2019 to 2023 is -5.43%, indicating a consistent average annual decrease. Forecasts show a continued downward trend, with sales expected to further decrease to $0.52204 billion by 2028, reflecting a five-year CAGR of -6.2%.
Future trends to watch for include potential recovery driven by economic policy changes, increased government spending on infrastructure, or innovations in public building designs that may spur demand for new furniture. Tracking these factors can provide insights into the possible curbing of this declining trend.
